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SHINDEN HIGHTEX CORPORATION, First Half Ordinary Profit Turns to Profit

Mon Nov 11, 2024 3:00 pm JST Earnings

3131 SHINDEN HIGHTEX CORPORATION 【J-GAAP】

Earnings Report

SHINDEN HIGHTEX CORPORATION <3131> [TSE-S] announced its financial results in the afternoon session on November 11th (15:00). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a profit of 421 million yen (compared to a loss of 178 million yen in the same period last year). However, The progress rate against the 1.25 billion yen full-year plan was 33.7%, also falling below the five-year average of 60.2%.

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 grow by 22.5% from the same period last year, reaching 829 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 5.0% from the same period last year, reaching 439 million yen. However, the operating profit margin worsened from 5.1% in the same period last year to 3.9%.

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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 22,771 1,253 497 341 168.2 38.2 Nov 9, 2022 J-GAAP
Apr - Sep, 2023 20,159 206 -178 -134 -68.6 ー Nov 9, 2023 J-GAAP
Apr - Sep, 2024 21,563 699 421 291 147.5 33.7 Nov 11, 2024 J-GAAP
YoY +7.0% +239.3% － － －

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 － 0 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 21,563 699 421 291 147.5 0 Nov 11, 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 22,126 978 677 426 216.3 60 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 21,837 1,001 829 559 296.5 125 Nov 11, 2024 J-GAAP
YoY -1.3% +2.4% +22.5% +31.2% +37.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 41,924 2,242 1,302 897 448.8 135 May 11, 2023 J-GAAP
Mar, 2024 42,285 1,184 499 292 148.3 60 May 10, 2024 J-GAAP
Mar, 2025 Guidance 43,400 1,700 1,250 850 450.9 125 May 10, 2024 J-GAAP
YoY +2.6% +43.6% +150.5% +191.1% +204.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 10,374 531 418 282 144.4 5.1 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 11,796 671 638 443 225.2 5.7 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 10,330 307 39 -17 -8.6 3.0 May 10, 2024 J-GAAP
Apr - Jun, 2024 9,525 227 -18 -4 -2.1 2.4 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 12,038 472 439 295 149.5 3.9 Nov 11, 2024 J-GAAP
YoY +16.0% -11.1% +5.0% +4.6% +3.5%

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