SUZUYO SHINWART CORPORATION, First Half Ordinary Profit Increases by 35%

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Fri Nov 8, 2024 4:30 pm JST Earnings

9360 SUZUYO SHINWART CORPORATION 【J-GAAP】

Earnings Report

SUZUYO SHINWART CORPORATION <9360> [TSE-S] announced its financial results after the market closed on November 8th (16:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 435 million yen, an increase of 34.7% compared to the same period last year. The progress rate against the 1.15 billion yen full-year plan was 37.8%, exceeding the same period of the previous year of 30.3%.

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 3.9% from the same period last year to 715 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 267 million yen, a 6.3% decrease compared to the same period last year. The operating profit margin worsened from 6.6% in the same period last year to 5.7%.

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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	7,092	-46	-37	-44	-15.1	ー	Nov 14, 2022	J-GAAP
Apr - Sep, 2023	7,923	301	323	222	75.8	30.3	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	8,803	403	435	302	106.5	37.8	Nov 8, 2024	J-GAAP
YoY	+11.1%	+33.9%	+34.7%	+36.0%	+40.5%

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	ー	ー	ー	ー	－	－	May 14, 2024	J-GAAP
Apr - Sep, 2024 Results	8,803	403	435	302	106.5	0	Nov 8, 2024	J-GAAP
Revision Rate	－	－	－	－	－

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	9,237	720	744	548	188.7	60	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	9,697	707	715	528	185.6	60	Nov 8, 2024	J-GAAP
YoY	+5.0%	-1.8%	-3.9%	-3.6%	-1.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	15,503	510	553	381	129.7	40	May 12, 2023	J-GAAP
Mar, 2024	17,160	1,021	1,067	770	265.2	60	May 14, 2024	J-GAAP
Mar, 2025 Guidance	18,500	1,110	1,150	830	291.7	60	May 14, 2024	J-GAAP
YoY	+7.8%	+8.7%	+7.8%	+7.8%	+10.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	4,182	275	285	200	68.3	6.6	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	4,050	163	177	109	37.3	4.0	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	5,187	557	567	439	151.2	10.7	May 14, 2024	J-GAAP
Apr - Jun, 2024	4,195	141	168	115	40.7	3.4	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	4,608	262	267	187	65.9	5.7	Nov 8, 2024	J-GAAP
YoY	+10.2%	-4.7%	-6.3%	-6.5%	-3.5%