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

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 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%

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