SINFONIA TECHNOLOGY CO., LTD., The Current Fiscal Year Ordinary Profit Revised Upward by 26%, Highest in Two Terms, Dividend Revised Upward by 20 yen

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Fri Nov 8, 2024 1:40 pm JST Earnings

6507 SINFONIA TECHNOLOGY CO., LTD. 【J-GAAP】

Earnings Report

SINFONIA TECHNOLOGY CO., LTD. <6507> [TSE-P] announced its financial results in the afternoon session on November 8th (13:40). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 5.92 billion yen, an increase of 76.2% compared to the same period last year.

In addition, the full-year consolidated ordinary profit has been revised upward by 26.1%, from the previous forecast of 11.5 billion yen to 14.5 billion yen (compared to 10.5 billion yen in the previous period), increasing the growth rate from 9.2% to 37.7%, reaches new record high for the first time in two terms.

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 grow by 19.6% from the same period last year, reaching 8.57 billion yen.

In light of the strong performance, the company has increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 75 yen to 95 yen (compared to 70 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 44.9% from the same period last year, reaching 3.39 billion yen. The operating profit margin significantly improved from 8.4% in the same period last year to 12.6%.

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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	49,054	3,709	4,360	3,047	108.1	36.3	Nov 8, 2022	J-GAAP
Apr - Sep, 2023	46,792	2,922	3,363	2,337	82.9	31.9	Nov 7, 2023	J-GAAP
Apr - Sep, 2024	51,753	5,743	5,927	4,279	151.7	40.9	Nov 8, 2024	J-GAAP
YoY	+10.6%	+96.5%	+76.2%	+83.1%	+83.0%

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 10, 2024	J-GAAP
Apr - Sep, 2024 Results	51,753	5,743	5,927	4,279	151.7	0	Nov 8, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	110,000	11,500	11,500	8,000	283.6	75	May 10, 2024	J-GAAP
Mar, 2025 New	116,000	14,500	14,500	10,000	354.5	95	Nov 8, 2024	J-GAAP
Revision Rate	+5.5%	+26.1%	+26.1%	+25.0%	+25.0%

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	55,865	7,089	7,169	5,169	183.3	70	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	64,247	8,757	8,573	5,721	202.8	95	Nov 8, 2024	J-GAAP
YoY	+15.0%	+23.5%	+19.6%	+10.7%	+10.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	108,808	11,625	11,997	8,098	287.2	75	May 12, 2023	J-GAAP
Mar, 2024	102,657	10,011	10,532	7,506	266.2	70	May 10, 2024	J-GAAP
Mar, 2025 Guidance	116,000	14,500	14,500	10,000	354.5	95	Nov 8, 2024	J-GAAP
YoY	+13.0%	+44.8%	+37.7%	+33.2%	+33.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	27,614	2,307	2,345	1,627	57.7	8.4	Nov 7, 2023	J-GAAP
Oct - Dec, 2023	21,827	1,712	1,792	1,243	44.1	7.8	Feb 7, 2024	J-GAAP
Jan - Mar, 2024	34,038	5,377	5,377	3,926	139.3	15.8	May 10, 2024	J-GAAP
Apr - Jun, 2024	21,440	1,926	2,528	1,800	63.9	9.0	Aug 6, 2024	J-GAAP
Jul - Sep, 2024	30,313	3,817	3,399	2,479	87.9	12.6	Nov 8, 2024	J-GAAP
YoY	+9.8%	+65.5%	+44.9%	+52.4%	+52.3%