SANKI ENGINEERING CO.,LTD., The Current Fiscal Year Ordinary Profit Revised Upward by 31%, Highest in Thirty Three Terms, Dividend Revised Upward by 25 yen

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Mon Nov 11, 2024 2:00 pm JST Earnings

1961 SANKI ENGINEERING CO.,LTD. 【J-GAAP】

Earnings Report

SANKI ENGINEERING CO.,LTD. <1961> [TSE-P] announced its financial results in the afternoon session on November 11th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 3.5 times that of the same period last year, reaching 6.63 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward by 30.8%, from the previous forecast of 13 billion yen to 17 billion yen (compared to 12.7 billion yen in the previous period), increasing the growth rate from 2.0% to 33.3%, reaches new record high for the first time in thirty three terms.

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 decrease by 4.7% from the same period last year to 10.3 billion yen.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 85 yen to 110 yen (compared to 85 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged to 3.0 times that of the same period last year, reaching 4.55 billion yen. The operating profit margin significantly improved from 2.7% in the same period last year to 7.6%.

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	73,510	-1,260	-751	-770	-13.8	ー	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	89,459	1,281	1,878	1,409	25.9	14.7	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	105,950	5,926	6,639	4,450	83.8	39.1	Nov 11, 2024	J-GAAP
YoY	+18.4%	+362.6%	+253.5%	+215.8%	+223.9%

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	－	42.50	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	105,950	5,926	6,639	4,450	83.8	55	Nov 11, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	225,000	12,500	13,000	8,800	167.5	85	May 10, 2024	J-GAAP
Mar, 2025 New	245,000	16,500	17,000	11,600	220.8	110	Nov 11, 2024	J-GAAP
Revision Rate	+8.9%	+32.0%	+30.8%	+31.8%	+31.8%

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	132,461	10,305	10,872	7,542	139.5	50	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	139,050	10,574	10,361	7,150	136.1	55	Nov 11, 2024	J-GAAP
YoY	+5.0%	+2.6%	-4.7%	-5.2%	-2.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	190,865	5,409	6,247	4,750	85.8	75	May 12, 2023	J-GAAP
Mar, 2024	221,920	11,586	12,750	8,951	165.6	85	May 10, 2024	J-GAAP
Mar, 2025 Guidance	245,000	16,500	17,000	11,600	220.8	110	Nov 11, 2024	J-GAAP
YoY	+10.4%	+42.4%	+33.3%	+29.6%	+33.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	48,732	1,299	1,519	1,070	19.7	2.7	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	60,152	4,717	5,102	3,452	63.6	7.8	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	72,309	5,588	5,770	4,090	75.7	7.7	May 10, 2024	J-GAAP
Apr - Jun, 2024	48,527	1,540	2,087	1,345	25.3	3.2	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	57,423	4,386	4,552	3,105	58.5	7.6	Nov 11, 2024	J-GAAP
YoY	+17.8%	+237.6%	+199.7%	+190.2%	+197.5%