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Solekia Limited, First Half Ordinary Profit Increases by 36%

Fri Nov 8, 2024 3:00 pm JST Earnings

9867 Solekia Limited 【J-GAAP】

Earnings Report

Solekia Limited <9867> [TSE-S] announced its financial results in the afternoon session on November 8th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 600 million yen, an increase of 35.7% compared to the same period last year. The progress rate against the 1.31 billion yen full-year plan was 45.8%, exceeding the five-year average of 30.7%.

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 drop by 41.5% from the same period last year to 710 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit amounted to 450 million yen, a 0.4% decrease compared to the same period last year. However, the operating profit margin remained almost flat, changing from 7.0% in the same period last year to 7.3%.

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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 10,475 138 170 97 112.5 16.5 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 11,449 408 442 290 336.6 26.7 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 12,819 613 600 385 445.7 45.8 Nov 8, 2024 J-GAAP
YoY +12.0% +50.2% +35.7% +32.8% +32.4%

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 － － May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 12,819 613 600 385 445.7 － 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 13,729 1,200 1,213 755 874.3 60 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 12,481 697 710 425 491.9 50 Nov 8, 2024 J-GAAP
YoY -9.1% -41.9% -41.5% -43.7% -43.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 23,771 998 1,028 699 809.3 60 May 12, 2023 J-GAAP
Mar, 2024 25,178 1,608 1,655 1,045 1,210.1 60 May 10, 2024 J-GAAP
Mar, 2025 Guidance 25,300 1,310 1,310 810 937.5 50 May 10, 2024 J-GAAP
YoY +0.5% -18.5% -20.8% -22.5% -22.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 6,333 444 452 302 350.5 7.0 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 6,097 297 284 188 217.8 4.9 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 7,632 903 929 567 656.6 11.8 May 10, 2024 J-GAAP
Apr - Jun, 2024 6,183 130 150 102 118.8 2.1 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 6,636 483 450 283 327.6 7.3 Nov 8, 2024 J-GAAP
YoY +4.8% +8.8% -0.4% -6.3% -6.5%

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