Sodick Co.,Ltd., January-September (Third Quarter Cumulative) Ordinary Profit Increases by 3.6 times, July-September Ordinary Profit Loss Narrows

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Fri Nov 8, 2024 3:00 pm JST Earnings

6143 Sodick Co.,Ltd. 【J-GAAP】

Earnings Report

Sodick Co.,Ltd. <6143> [TSE-P] announced its financial results in the afternoon session on November 8th (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) surged by 3.6 times that of the same period last year, reaching 1.25 billion yen. The progress rate against the 1.6 billion yen full-year plan was 78.1%, also surpassing the five-year average of 70.1%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the October to December period (4Q) is expected to turn into a profit of 350 million yen (compared to a loss of 1.6 billion yen in the same period last year).

In the most recent three-month period, from July to September (3Q), the consolidated ordinary loss improved to a deficit of loss of 252 million yen (compared to a loss of 493 million yen in the same period last year). The operating profit/loss margin drastically improved from -6.2% in the same period last year to 5.1%.

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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	59,758	4,558	7,738	5,154	96.1	93.5	Nov 11, 2022	J-GAAP
Jan - Sep, 2023	49,936	-1,405	348	-889	-17.4	ー	Nov 10, 2023	J-GAAP
Jan - Sep, 2024	51,005	838	1,250	402	7.9	78.1	Nov 8, 2024	J-GAAP
YoY	+2.1%	－	+259.2%	－	－

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	33,695	-2,429	-2,098	-4,501	-88.3	15	Feb 13, 2024	J-GAAP
Jul - Dec, 2024 Guidance	38,906	1,156	98	100	2.0	15	Aug 8, 2024	J-GAAP
YoY	+15.5%	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	80,495	5,813	8,275	6,021	112.7	27	Feb 14, 2023	J-GAAP
Dec, 2023	67,174	-2,819	-1,257	-4,604	-90.3	29	Feb 13, 2024	J-GAAP
Dec, 2024 Guidance	72,500	1,100	1,600	900	17.8	29	Aug 8, 2024	J-GAAP
YoY	+7.9%	－	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	16,457	-1,015	-493	-786	-15.4	-6.2	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	17,238	-1,414	-1,605	-3,715	-72.9	-8.2	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	15,636	-780	-187	-497	-9.8	-5.0	May 10, 2024	J-GAAP
Apr - Jun, 2024	17,958	724	1,689	1,297	25.6	4.0	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	17,411	894	-252	-398	-7.8	5.1	Nov 8, 2024	J-GAAP
YoY	+5.8%	－	+48.9%	+49.4%	+49.1%