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

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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%	－	－	－	－