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SEKI CO.,LTD., First Half Ordinary Profit Unexpectedly Revised Upward by 32%

Fri Nov 8, 2024 3:30 pm JST Earnings

7857 SEKI CO.,LTD. 【J-GAAP】

Earnings Report

SEKI CO.,LTD. <7857> [TSE-S] announced its financial results after the market closed on November 8th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 121 million yen, an increase of 31.5% compared to the same period last year, resulting in an increase in profits compared to the previous forecast of a 53.3% decrease.

The progress rate against the 410 million yen full-year plan was 29.5%, exceeding the five-year average of 19.3%.

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 25.1% from the same period last year to 289 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged to 2.4 times that of the same period last year, reaching 86 million yen. The operating profit/loss margin improved from -0.5% in the same period last year to 1.5%.

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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 5,352 35 128 146 35.1 21.6 Nov 2, 2022 J-GAAP
Apr - Sep, 2023 5,584 -15 92 73 17.6 19.2 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 5,806 -5 121 73 17.7 29.5 Nov 8, 2024 J-GAAP
YoY +4.0% +66.7% +31.5% 0.0% +0.5%

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 5,816 -68 43 36 8.6 12 May 16, 2024 J-GAAP
Apr - Sep, 2024 Results 5,806 -5 121 73 17.7 12 Nov 8, 2024 J-GAAP
Revision Rate -0.2% +92.6% +181.4% +102.8% +105.0%

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 6,404 274 386 292 70.2 14 May 16, 2024 J-GAAP
Oct - Mar, 2024 Guidance 6,854 205 289 247 59.3 12 Nov 8, 2024 J-GAAP
YoY +7.0% -25.2% -25.1% -15.4% -15.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 11,906 441 593 429 103.1 24 May 11, 2023 J-GAAP
Mar, 2024 11,988 259 478 365 87.7 26 May 16, 2024 J-GAAP
Mar, 2025 Guidance 12,660 200 410 320 76.8 24 May 16, 2024 J-GAAP
YoY +5.6% -22.8% -14.2% -12.3% -12.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 2,804 -14 36 34 8.2 -0.5 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 3,075 78 131 85 20.5 2.5 Feb 1, 2024 J-GAAP
Jan - Mar, 2024 3,329 196 255 207 49.7 5.9 May 16, 2024 J-GAAP
Apr - Jun, 2024 2,796 -50 35 25 6.1 -1.8 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 3,010 45 86 48 11.6 1.5 Nov 8, 2024 J-GAAP
YoY +7.3% － +138.9% +41.2% +41.8%

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