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

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 15.8 8 Nov 7, 2024 J-GAAP
YoY -11.4% +43.4% -44.6% -51.8% -50.7%

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 60.5 16 May 15, 2024 J-GAAP
YoY -9.2% +14.4% -18.8% -17.6% -15.7%

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%

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