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Sangetsu Corporation, First Half Ordinary Profit Decreases by 27%, July-September Ordinary Profit Decreases by 21%

Fri Nov 8, 2024 2:00 pm JST Earnings

8130 Sangetsu Corporation 【J-GAAP】

Earnings Report

Sangetsu Corporation <8130> [TSE-P] announced its financial results in the afternoon session on November 8th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 27.2% from the same period last year to 7.6 billion yen. The progress rate against the 16.5 billion yen full-year plan was 46.1%, almost the same as the five-year average of 44.3%.

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 3.7% from the same period last year to 8.89 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 3.84 billion yen, a 21.0% decrease compared to the same period last year. The operating profit margin decreased from 10.6% in the same period last year to 7.9%.

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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 81,726 8,998 9,267 6,238 106.3 44.8 Nov 9, 2022 J-GAAP
Apr - Sep, 2023 90,612 10,259 10,456 7,121 121.3 53.1 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 93,878 7,379 7,607 4,995 85.0 46.1 Nov 8, 2024 J-GAAP
YoY +3.6% -28.1% -27.2% -29.9% -29.9%

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 93,500 7,600 7,800 5,200 88.5 75 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 93,878 7,379 7,607 4,995 85.0 75 Nov 8, 2024 J-GAAP
Revision Rate +0.4% -2.9% -2.5% -3.9% -3.9%

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 99,247 8,844 9,239 7,170 122.1 75 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 102,122 8,621 8,893 6,005 102.2 75 Nov 8, 2024 J-GAAP
YoY +2.9% -2.5% -3.7% -16.2% -16.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 176,022 20,280 20,690 14,005 238.7 105 May 12, 2023 J-GAAP
Mar, 2024 189,859 19,103 19,695 14,291 243.4 140 May 10, 2024 J-GAAP
Mar, 2025 Guidance 196,000 16,000 16,500 11,000 187.2 150 May 10, 2024 J-GAAP
YoY +3.2% -16.2% -16.2% -23.0% -23.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 45,363 4,799 4,870 3,323 56.6 10.6 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 49,394 4,711 4,942 3,766 64.2 9.5 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 49,853 4,133 4,297 3,404 58.0 8.3 May 10, 2024 J-GAAP
Apr - Jun, 2024 46,717 3,665 3,760 2,439 41.6 7.8 Aug 2, 2024 J-GAAP
Jul - Sep, 2024 47,161 3,714 3,847 2,556 43.5 7.9 Nov 8, 2024 J-GAAP
YoY +4.0% -22.6% -21.0% -23.1% -23.1%

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