Solekia Limited, First Half Ordinary Profit Increases by 36%

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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%