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SIIX Corp., January-September (Third Quarter Cumulative) Ordinary Profit Decreases by 37%, July-September Ordinary Profit Decreases by 40%

Fri Nov 8, 2024 3:30 pm JST Earnings

7613 SIIX Corp. 【J-GAAP】

Earnings Report

SIIX Corp. <7613> [TSE-P] announced its financial results after the market closed on November 8th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) dropped by 36.9% from the same period last year to 5.86 billion yen. The progress rate against the 8.1 billion yen full-year plan was 72.4%, almost the same as the five-year average of 74.0%.

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 for the October to December period (4Q) is expected to decrease by 12.3% from the same period last year to 2.23 billion yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit dropped to 2.06 billion yen, a 40.2% decrease compared to the same period last year. The operating profit margin worsened from 4.4% in the same period last year to 3.6%.

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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 201,917 6,564 6,464 3,418 72.3 77.5 Nov 14, 2022 J-GAAP
Jan - Sep, 2023 229,691 9,205 9,301 6,089 129.0 78.5 Nov 13, 2023 J-GAAP
Jan - Sep, 2024 225,048 6,384 5,865 3,396 72.1 72.4 Nov 8, 2024 J-GAAP
YoY -2.0% -30.6% -36.9% -44.2% -44.1%

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 159,156 6,543 5,994 4,244 90.0 28 Feb 14, 2024 J-GAAP
Jul - Dec, 2024 Guidance 170,643 4,855 4,296 2,709 57.5 24 Aug 9, 2024 J-GAAP
YoY +7.2% -25.8% -28.3% -36.2% -36.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 277,031 8,929 8,337 4,733 100.1 31 Feb 14, 2023 J-GAAP
Dec, 2023 309,768 12,254 11,849 8,185 173.6 44 Feb 14, 2024 J-GAAP
Dec, 2024 Guidance 320,000 8,500 8,100 4,600 97.7 48 Aug 9, 2024 J-GAAP
YoY +3.3% -30.6% -31.6% -43.8% -43.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 79,079 3,494 3,446 2,148 45.5 4.4 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 80,077 3,049 2,548 2,096 44.4 3.8 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 73,487 1,671 1,837 986 21.0 2.3 May 13, 2024 J-GAAP
Apr - Jun, 2024 75,870 1,974 1,967 905 19.2 2.6 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 75,691 2,739 2,061 1,505 32.0 3.6 Nov 8, 2024 J-GAAP
YoY -4.3% -21.6% -40.2% -29.9% -29.8%

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