SHINTO PAINT COMPANY, LIMITED, First Half Ordinary Profit Turns to Profit

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Thu Nov 7, 2024 3:30 pm JST Earnings

4615 SHINTO PAINT COMPANY, LIMITED 【J-GAAP】

Earnings Report

SHINTO PAINT COMPANY, LIMITED <4615> [TSE-S] announced its financial results after the market closed on November 7th (15:30). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a profit of 227 million yen (compared to a loss of 363 million yen in the same period last year), exceeded the previous forecast of 100 million yen.

The progress rate against the 300 million yen full-year plan was 75.7%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the October to March period (second half) is expected to turn into a profit of 73 million yen (compared to a loss of 97 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a profit of profit of 63 million yen (compared to a loss of 251 million yen in the same period last year). The operating profit/loss margin significantly improved from -3.9% in the same period last year to 0.1%.

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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	9,449	-589	-474	-860	-27.8	ー	Oct 31, 2022	J-GAAP
Apr - Sep, 2023	9,496	-389	-363	-460	-14.9	ー	Nov 6, 2023	J-GAAP
Apr - Sep, 2024	10,136	76	227	165	5.3	75.7	Nov 7, 2024	J-GAAP
YoY	+6.7%	－	－	－	－

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	9,000	50	100	100	3.2	0	May 13, 2024	J-GAAP
Apr - Sep, 2024 Results	10,136	76	227	165	5.3	0	Nov 7, 2024	J-GAAP
Revision Rate	+12.6%	+52.0%	+127.0%	+65.0%	+65.3%

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	9,458	-90	-97	-37	-1.2	0	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	8,364	74	73	35	1.1	0	Nov 7, 2024	J-GAAP
YoY	-11.6%	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	19,038	-1,203	-1,146	-1,806	-58.3	0	May 15, 2023	J-GAAP
Mar, 2024	18,954	-479	-460	-497	-16.1	0	May 13, 2024	J-GAAP
Mar, 2025 Guidance	18,500	150	300	200	6.5	0	May 13, 2024	J-GAAP
YoY	-2.4%	－	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	4,855	-190	-251	-302	-9.8	-3.9	Nov 6, 2023	J-GAAP
Oct - Dec, 2023	5,367	28	122	57	1.8	0.5	Feb 5, 2024	J-GAAP
Jan - Mar, 2024	4,091	-118	-219	-94	-3.0	-2.9	May 13, 2024	J-GAAP
Apr - Jun, 2024	4,896	72	164	173	5.6	1.5	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	5,240	4	63	-8	-0.3	0.1	Nov 7, 2024	J-GAAP
YoY	+7.9%	－	－	+97.4%	+97.3%