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SHIKIBO LTD., First Half Ordinary Profit Decreases by 21%, July-September Ordinary Profit Decreases by 48%

Mon Nov 11, 2024 11:30 am JST Earnings

3109 SHIKIBO LTD. 【J-GAAP】

Earnings Report

SHIKIBO LTD. <3109> [TSE-P] announced its financial results at noon (11:30) on November 11th. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 21.1% from the same period last year to 435 million yen. The progress rate against the 900 million yen full-year plan was 48.3%, which was higher than the five-year average of 40.1%.

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 39.7% from the same period last year to 465 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 179 million yen, a 48.0% decrease compared to the same period last year. The operating profit margin worsened from 3.5% in the same period last year to 3.1%.

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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 18,500 580 586 767 66.3 52.1 Nov 9, 2022 J-GAAP
Apr - Sep, 2023 19,351 561 551 401 34.6 41.7 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 18,911 548 435 308 24.8 48.3 Nov 11, 2024 J-GAAP
YoY -2.3% -2.3% -21.1% -23.2% -28.5%

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 18,900 550 450 300 23.8 25 Oct 31, 2024 J-GAAP
Apr - Sep, 2024 Results 18,911 548 435 308 24.8 25 Nov 11, 2024 J-GAAP
Revision Rate +0.1% -0.4% -3.3% +2.7% +3.9%

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 19,330 867 771 399 34.4 50 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 20,089 752 465 342 27.0 25 Nov 11, 2024 J-GAAP
YoY +3.9% -13.3% -39.7% -14.3% -21.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 37,893 1,217 1,125 1,568 135.3 50 May 12, 2023 J-GAAP
Mar, 2024 38,681 1,428 1,322 800 69.1 50 May 14, 2024 J-GAAP
Mar, 2025 Guidance 39,000 1,300 900 650 51.3 50 Oct 31, 2024 J-GAAP
YoY +0.8% -9.0% -31.9% -18.8% -25.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 9,922 348 344 257 22.2 3.5 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 9,705 355 276 112 9.7 3.7 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 9,625 512 495 287 24.8 5.3 May 14, 2024 J-GAAP
Apr - Jun, 2024 9,288 252 256 192 15.6 2.7 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 9,623 296 179 116 9.3 3.1 Nov 11, 2024 J-GAAP
YoY -3.0% -14.9% -48.0% -54.9% -58.0%

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