Shinwa Co., Ltd., First Half Net Income Revised Upward to an Unexpected 56% Increase

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Mon Nov 11, 2024 11:30 am JST Revision

3447 Shinwa Co., Ltd. 【IFRS】

Guidance Update Report

Shinwa Co., Ltd. <3447> [TSE-S] announced a performance revision at noon (11:30) on November 11th. The consolidated net income for the cumulative second quarter of the fiscal year ending March 2025 (April to September) has been revised upward by 79.1%, from the previous forecast of 296 million yen to 530 million yen (compared to 339 million yen in the same period of the previous year), turning to a 56.3% increase in the consolidated net income outlook.

Furthermore, the full-year net income forecast remains unchanged from the estimate of 1 billion yen(compared to 409 million yen in the previous period).

Kabutan News

Guidance Update

First Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Prev	6,647	495	441	296	21.3	16	May 10, 2024	IFRS
Apr - Sep, 2024 New	8,542	871	815	530	38.1	16	Nov 11, 2024	IFRS
Revision Rate	+28.5%	+76.0%	+84.8%	+79.1%	+79.0%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2023	6,621	520	496	339	24.4	16	Nov 10, 2023	IFRS
Apr - Sep, 2024 Guidance	8,542	871	815	530	38.1	16	Nov 11, 2024	IFRS
YoY	+29.0%	+67.5%	+64.3%	+56.3%	+56.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	14,757	1,501	1,434	1,007	72.5	32	May 12, 2023	IFRS
Mar, 2024	12,678	700	652	409	29.5	32	May 10, 2024	IFRS
Mar, 2025 Guidance	16,000	1,600	1,494	1,000	71.9	32	May 10, 2024	IFRS
YoY	+26.2%	+128.6%	+129.1%	+144.5%	+144.0%