SANRIN CO.,LTD., July-September (2Q) Ordinary Profit Turns to Loss

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Mon Nov 11, 2024 3:00 pm JST Earnings

7486 SANRIN CO.,LTD. 【J-GAAP】

Earnings Report

SANRIN CO.,LTD. <7486> [TSE-S] announced its financial results in the afternoon session on November 11th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 7.7 times that of the same period last year, reaching 324 million yen. The progress rate against the 1.2 billion yen full-year plan was 27.0%, exceeding the five-year average of 23.8%.

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 2.4% from the same period last year to 876 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a loss of 15 million yen (compared to a profit of 21 million yen in the same period last year). The operating profit/loss margin worsened from -0.6% in the same period last year to -1.3%.

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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	12,994	-169	-38	-52	-4.3	ー	Nov 8, 2022	J-GAAP
Apr - Sep, 2023	12,692	-117	42	99	8.1	4.5	Nov 8, 2023	J-GAAP
Apr - Sep, 2024	11,751	-132	324	207	17.0	27.0	Nov 11, 2024	J-GAAP
YoY	-7.4%	-12.8%	+671.4%	+109.1%	+110.1%

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	11,751	-132	324	207	16.9	0	Nov 6, 2024	J-GAAP
Apr - Sep, 2024 Results	11,751	-132	324	207	17.0	0	Nov 11, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	+0.4%

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	19,350	730	898	601	49.0	22	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	18,249	832	876	593	48.5	22	Nov 6, 2024	J-GAAP
YoY	-5.7%	+14.0%	-2.4%	-1.3%	-1.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	32,844	511	816	537	43.8	22	May 11, 2023	J-GAAP
Mar, 2024	32,042	613	940	700	57.1	22	May 10, 2024	J-GAAP
Mar, 2025 Guidance	30,000	700	1,200	800	65.4	22	May 10, 2024	J-GAAP
YoY	-6.4%	+14.2%	+27.7%	+14.3%	+14.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	6,296	-35	21	98	8.0	-0.6	Nov 8, 2023	J-GAAP
Oct - Dec, 2023	9,471	453	538	392	32.0	4.8	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	9,879	277	360	209	17.1	2.8	May 10, 2024	J-GAAP
Apr - Jun, 2024	5,814	-57	339	255	20.9	-1.0	Aug 7, 2024	J-GAAP
Jul - Sep, 2024	5,937	-75	-15	-48	-3.9	-1.3	Nov 11, 2024	J-GAAP
YoY	-5.7%	-114.3%	－	－	－