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SANWAYUKA INDUSTRY CORPORATION, The Current Fiscal Year Ordinary Profit Revised Downward by 17%

Fri Nov 8, 2024 3:00 pm JST Earnings

4125 SANWAYUKA INDUSTRY CORPORATION 【J-GAAP】

Earnings Report

SANWAYUKA INDUSTRY CORPORATION <4125> [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) significantly dropped by 52.0% from the same period last year to 378 million yen, fell short of the previous forecast of 560 million yen.

In addition, the full-year consolidated ordinary profit has downwardly by 17.4%, from the previous forecast of 1.33 billion yen to 1.09 billion yen (compared to 1.36 billion yen in the previous period), leading to an increase in the profit decline rate from 2.2% to 19.3%.

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 25.7% from the same period last year, reaching 720 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 114 million yen, a 68.7% decrease compared to the same period last year. The operating profit margin drastically worsened from 9.1% in the same period last year to 3.1%.

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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 9,004 993 1,015 651 151.0 52.4 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 8,011 769 787 527 122.2 57.9 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 7,773 337 378 228 53.0 34.4 Nov 8, 2024 J-GAAP
YoY -3.0% -56.2% -52.0% -56.7% -56.6%

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 8,000 550 560 400 92.6 0 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 7,773 337 378 228 53.0 0 Nov 8, 2024 J-GAAP
Revision Rate -2.8% -38.7% -32.5% -43.0% -42.8%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 17,000 1,300 1,330 950 220.0 40 May 14, 2024 J-GAAP
Mar, 2025 New 16,473 1,037 1,098 738 170.9 40 Nov 8, 2024 J-GAAP
Revision Rate -3.1% -20.2% -17.4% -22.3% -22.3%

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 7,622 510 573 514 119.1 40 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 8,700 700 720 510 118.1 40 Nov 8, 2024 J-GAAP
YoY +14.1% +37.3% +25.7% -0.8% -0.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 17,367 1,885 1,936 1,325 306.9 36 May 12, 2023 J-GAAP
Mar, 2024 15,633 1,279 1,360 1,041 241.3 40 May 14, 2024 J-GAAP
Mar, 2025 Guidance 16,473 1,037 1,098 738 170.9 40 Nov 8, 2024 J-GAAP
YoY +5.4% -18.9% -19.3% -29.1% -29.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 3,920 355 364 261 60.5 9.1 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 3,938 302 322 225 52.2 7.7 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 3,684 208 251 289 67.0 5.6 May 14, 2024 J-GAAP
Apr - Jun, 2024 3,905 217 264 151 35.2 5.6 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 3,868 120 114 77 17.9 3.1 Nov 8, 2024 J-GAAP
YoY -1.3% -66.2% -68.7% -70.5% -70.4%

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