SODA NIKKA CO., LTD., The Current Fiscal Year Ordinary Profit Revised Upward by 10%, Dividend Revised Upward by 2 yen

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Thu Nov 7, 2024 2:20 pm JST Earnings

8158 SODA NIKKA CO., LTD. 【J-GAAP】

Earnings Report

SODA NIKKA CO., LTD. <8158> [TSE-P] announced its financial results in the afternoon session on November 7th (14:20). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 4.2% from the same period last year, reaching 1.3 billion yen, resulting in an increase in profits compared to the previous forecast of a 18.8% decrease.

In addition, the full-year consolidated ordinary profit has been revised upward by 10.0%, from the previous forecast of 2 billion yen to 2.2 billion yen (compared to 2.61 billion yen in the previous period), and the declining rate is expected to decrease from 23.5% to 15.9%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to drop by 34.4% from the same period last year to 891 million yen.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 32 yen to 34 yen (compared to 36 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 4.7% from the same period last year, reaching 558 million yen. The operating profit margin improved from 3.1% in the same period last year to 3.4%.

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Actual Results

Accumulated Results 2nd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Sep, 2022	30,027	833	1,092	797	35.1	51.2	Nov 4, 2022	J-GAAP
Apr - Sep, 2023	31,527	1,037	1,256	866	37.8	48.0	Nov 7, 2023	J-GAAP
Apr - Sep, 2024	31,749	1,134	1,309	1,324	58.3	59.5	Nov 7, 2024	J-GAAP
YoY	+0.7%	+9.4%	+4.2%	+52.9%	+54.3%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Guidance	32,400	840	1,020	1,110	48.9	16	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	31,749	1,134	1,309	1,324	58.3	17	Nov 7, 2024	J-GAAP
Revision Rate	-2.0%	+35.0%	+28.3%	+19.3%	+19.3%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	66,800	1,670	2,000	1,850	81.3	32	May 10, 2024	J-GAAP
Mar, 2025 New	63,800	1,850	2,200	2,000	87.8	34	Nov 7, 2024	J-GAAP
Revision Rate	-4.5%	+10.8%	+10.0%	+8.1%	+8.1%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	32,607	1,176	1,359	984	43.1	21	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	32,051	716	891	676	29.7	17	Nov 7, 2024	J-GAAP
YoY	-1.7%	-39.1%	-34.4%	-31.3%	-31.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	62,744	1,741	2,131	1,506	66.4	40	May 10, 2023	J-GAAP
Mar, 2024	64,134	2,213	2,615	1,850	81.1	36	May 10, 2024	J-GAAP
Mar, 2025 Guidance	63,800	1,850	2,200	2,000	87.8	34	Nov 7, 2024	J-GAAP
YoY	-0.5%	-16.4%	-15.9%	+8.1%	+8.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	15,961	499	533	357	15.6	3.1	Nov 7, 2023	J-GAAP
Oct - Dec, 2023	17,323	760	900	665	29.1	4.4	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	15,284	416	459	319	14.0	2.7	May 10, 2024	J-GAAP
Apr - Jun, 2024	15,766	584	751	968	42.6	3.7	Aug 2, 2024	J-GAAP
Jul - Sep, 2024	15,983	550	558	356	15.7	3.4	Nov 7, 2024	J-GAAP
YoY	+0.1%	+10.2%	+4.7%	-0.3%	+0.6%