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SAKURA RUBBER CO.,LTD., First Half Ordinary Profit Turns to Loss, July-September Ordinary Profit Turns to Loss

Fri Nov 8, 2024 1:30 pm JST Earnings

5189 SAKURA RUBBER CO.,LTD. 【J-GAAP】

Earnings Report

SAKURA RUBBER CO.,LTD. <5189> [TSE-S] announced its financial results in the afternoon session on November 8th (13:30). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a loss of 237 million yen (compared to a profit of 126 million yen in the same period last year).

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease by 11.4% from the same period last year to 867 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a loss of 80 million yen (compared to a profit of 137 million yen in the same period last year). The operating profit/loss margin drastically worsened from 8.3% in the same period last year to -4.7%.

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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 2,712 -266 -289 -234 -121.1 ー Nov 9, 2022 J-GAAP
Apr - Sep, 2023 3,959 144 126 77 40.0 11.4 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 3,487 -244 -237 -212 -109.8 ー Nov 8, 2024 J-GAAP
YoY -11.9% － － － －

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 ー ー ー ー － 0 May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 3,487 -244 -237 -212 -109.8 0 Nov 8, 2024 J-GAAP
Revision Rate － － － － －

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 9,394 992 979 656 339.3 90 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 8,713 894 867 612 316.3 60 Nov 8, 2024 J-GAAP
YoY -7.2% -9.9% -11.4% -6.7% -6.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 10,691 425 409 314 162.4 25 May 12, 2023 J-GAAP
Mar, 2024 13,353 1,136 1,105 733 379.1 90 May 13, 2024 J-GAAP
Mar, 2025 Guidance 12,200 650 630 400 206.8 60 May 13, 2024 J-GAAP
YoY -8.6% -42.8% -43.0% -45.4% -45.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,835 152 137 89 46.3 8.3 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 2,564 208 204 136 70.5 8.1 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 6,830 784 775 520 269.0 11.5 May 13, 2024 J-GAAP
Apr - Jun, 2024 1,608 -156 -157 -120 -62.4 -9.7 Aug 5, 2024 J-GAAP
Jul - Sep, 2024 1,879 -88 -80 -92 -47.6 -4.7 Nov 8, 2024 J-GAAP
YoY +2.4% － － － －

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