SAIBO Co.,Ltd., First Half Ordinary Profit Increases by 6%

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Fri Nov 8, 2024 3:30 pm JST Earnings

3123 SAIBO Co.,Ltd. 【J-GAAP】

Earnings Report

SAIBO Co.,Ltd. <3123> [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) increased by 5.9% from the same period last year, reaching 769 million yen. The progress rate against the 1.15 billion yen full-year plan was 66.6%, also surpassing the five-year average of 45.8%.

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 44.6% from the same period last year to 385 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 287 million yen, a 10.3% decrease compared to the same period last year. The operating profit margin worsened from 9.6% in the same period last year to 7.0%.

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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	5,177	511	530	288	21.8	44.7	Nov 10, 2022	J-GAAP
Apr - Sep, 2023	5,615	570	726	522	39.5	51.1	Nov 9, 2023	J-GAAP
Apr - Sep, 2024	5,222	531	769	575	44.0	66.6	Nov 8, 2024	J-GAAP
YoY	-7.0%	-6.8%	+5.9%	+10.2%	+11.2%

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	5,222	531	769	575	44.0	8	Nov 7, 2024	J-GAAP
Apr - Sep, 2024 Results	5,222	531	769	575	44.0	8	Nov 8, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	+0.0%

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	5,807	417	695	423	32.1	8	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	5,147	598	385	204	15.6	8	Nov 7, 2024	J-GAAP
YoY	-11.4%	+43.4%	-44.6%	-51.8%	-51.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	10,182	1,092	1,186	733	55.5	15	May 15, 2023	J-GAAP
Mar, 2024	11,422	987	1,421	945	71.8	16	May 15, 2024	J-GAAP
Mar, 2025 Guidance	10,369	1,129	1,154	779	59.5	16	May 15, 2024	J-GAAP
YoY	-9.2%	+14.4%	-18.8%	-17.6%	-17.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	2,605	249	320	247	18.7	9.6	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	2,678	266	339	192	14.5	9.9	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	3,129	151	356	231	17.5	4.8	May 15, 2024	J-GAAP
Apr - Jun, 2024	2,638	349	482	371	28.4	13.2	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	2,584	182	287	204	15.6	7.0	Nov 8, 2024	J-GAAP
YoY	-0.8%	-26.9%	-10.3%	-17.4%	-16.6%