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SHOWA SHINKU CO.,LTD., The Current Fiscal Year Ordinary Profit Revised Upward by 13%

Fri Nov 8, 2024 4:00 pm JST Earnings

6384 SHOWA SHINKU CO.,LTD. 【J-GAAP】

Earnings Report

SHOWA SHINKU CO.,LTD. <6384> [TSE-S] announced its financial results after the market closed on November 8th (16:00). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a loss of 16 million yen (compared to a profit of 35 million yen in the same period last year).

However, the full-year consolidated ordinary profit has been revised upward by 13.1%, from the previous forecast of 411 million yen to 465 million yen (compared to 243 million yen in the previous period), increasing the growth rate from 69.1% to 91.4%.

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 surge by 2.3 times that of the same period last year, reaching 481 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 96 million yen, a 51.3% decrease compared to the same period last year. The operating profit margin worsened from 7.7% in the same period last year to 6.4%.

Kabutan News

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 5,649 798 822 576 93.6 76.3 Nov 9, 2022 J-GAAP
Apr - Sep, 2023 3,262 6 35 14 2.4 14.4 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 2,590 10 -16 -40 -6.5 ー Nov 8, 2024 J-GAAP
YoY -20.6% +66.7% － － －

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 3,329 -87 -70 -73 -11.9 0 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 2,590 10 -16 -40 -6.5 0 Nov 8, 2024 J-GAAP
Revision Rate -22.2% － +77.1% +45.2% +45.0%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 9,105 369 411 264 42.8 70 May 10, 2024 J-GAAP
Mar, 2025 New 8,662 466 465 297 48.2 70 Nov 8, 2024 J-GAAP
Revision Rate -4.9% +26.3% +13.1% +12.5% +12.5%

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 4,201 189 208 150 24.4 70 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 6,072 456 481 337 54.7 70 Nov 8, 2024 J-GAAP
YoY +44.5% +141.3% +131.3% +124.7% +124.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 10,127 1,017 1,077 779 126.6 70 May 11, 2023 J-GAAP
Mar, 2024 7,463 195 243 164 26.7 70 May 10, 2024 J-GAAP
Mar, 2025 Guidance 8,662 466 465 297 48.2 70 Nov 8, 2024 J-GAAP
YoY +16.1% +139.0% +91.4% +81.1% +80.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 2,373 183 197 131 22.6 7.7 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 1,273 -145 -152 -119 -19.3 -11.4 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 2,928 334 360 269 43.8 11.4 May 10, 2024 J-GAAP
Apr - Jun, 2024 852 -101 -112 -95 -15.5 -11.9 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 1,738 111 96 55 9.0 6.4 Nov 8, 2024 J-GAAP
YoY -26.8% -39.3% -51.3% -58.0% -60.4%

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