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Shinhokoku Material Corp., July-September (3Q) Ordinary Profit Decreases by 62%, Current Fiscal Year Dividend Revised Upward by 10 yen

Fri Nov 8, 2024 1:30 pm JST Earnings

5542 Shinhokoku Material Corp. 【J-GAAP】

Earnings Report

Shinhokoku Material Corp. <5542> [TSE-S] announced its financial results in the afternoon session on November 8th (13:30). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending December 2024 (January to September) decreased by 6.6% from the same period last year to 441 million yen. The progress rate against the 710 million yen full-year plan was 62.1%, also falling below the five-year average of 77.9%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to December period (4Q) is expected to expand by 56.4% from the same period last year, reaching 269 million yen.

At the same time, the company has increased its planned annual dividend for the current fiscal year from the original plan of 40 yen to 50 yen (compared to 40 yen in the previous period).

In the most recent three-month period, from July to September (3Q), the ordinary profit significantly dropped to 81 million yen, a 62.0% decrease compared to the same period last year. The operating profit margin sharply declined from 11.9% in the same period last year to 5.5%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jan - Sep, 2022 4,808 551 560 393 58.4 85.9 Nov 8, 2022 J-GAAP
Jan - Sep, 2023 4,732 457 472 356 52.9 73.3 Nov 9, 2023 J-GAAP
Jan - Sep, 2024 4,519 431 441 331 49.2 62.1 Nov 8, 2024 J-GAAP
YoY -4.5% -5.7% -6.6% -7.0% -6.8%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 Prev 3,442 344 350 262 39.0 10 Aug 9, 2024 J-GAAP
Jul - Dec, 2024 New 3,442 344 350 262 39.0 15 Nov 8, 2024 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% 0.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2024 Prev 6,600 700 710 530 78.8 20 Feb 9, 2024 J-GAAP
Dec, 2024 New 6,600 700 710 530 78.8 25 Nov 8, 2024 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% 0.0%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2023 3,507 379 385 281 41.8 12.50 Feb 9, 2024 J-GAAP
Jul - Dec, 2024 Guidance 3,442 344 350 262 39.0 15 Nov 8, 2024 J-GAAP
YoY -1.9% -9.2% -9.1% -6.8% -6.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 6,361 638 652 492 73.1 15 Feb 10, 2023 J-GAAP
Dec, 2023 6,484 628 644 476 70.8 20 Feb 9, 2024 J-GAAP
Dec, 2024 Guidance 6,600 700 710 530 78.8 25 Nov 8, 2024 J-GAAP
YoY +1.8% +11.5% +10.2% +11.3% +11.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,755 208 213 161 23.9 11.9 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 1,752 171 172 120 17.8 9.8 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 1,581 162 163 121 18.1 10.2 May 10, 2024 J-GAAP
Apr - Jun, 2024 1,577 194 197 147 21.9 12.3 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 1,361 75 81 63 9.4 5.5 Nov 8, 2024 J-GAAP
YoY -22.5% -63.9% -62.0% -60.9% -60.8%

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