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SAWAI GROUP HOLDINGS Co.,Ltd., July-September (2Q) Net Income Decreases by 31%

Mon Nov 11, 2024 3:00 pm JST Earnings

4887 SAWAI GROUP HOLDINGS Co.,Ltd. 【IFRS】

Earnings Report

SAWAI GROUP HOLDINGS Co.,Ltd. <4887> [TSE-P] announced its financial results (based on IFRS) in the afternoon session on November 11th (15:00). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 2.2 times that of the same period last year, reaching 18.9 billion yen. The progress rate against the 26.4 billion yen full-year plan was 71.6%, also surpassing the five-year average of 64.7%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to expand by 42.8% from the same period last year, reaching 7.49 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income dropped to 3.41 billion yen, a 30.7% decrease compared to the same period last year. The operating profit margin decreased from 14.2% in the same period last year to 13.0%.

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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 96,414 8,817 8,707 6,660 50.7 54.9 Nov 8, 2022 IFRS
Apr - Sep, 2023 87,395 10,891 10,700 8,444 64.3 58.6 Nov 10, 2023 IFRS
Apr - Sep, 2024 87,870 11,755 11,409 18,901 146.3 49.8 Nov 11, 2024 IFRS
YoY +0.5% +7.9% +6.6% +123.8% +127.6%

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 87,900 11,800 11,400 18,900 155.0 26 Nov 8, 2024 IFRS
Apr - Sep, 2024 Results 87,870 11,755 11,409 18,901 146.3 26 Nov 11, 2024 IFRS
Revision Rate 0.0% -0.4% +0.1% +0.0% -5.6%

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 89,467 7,729 7,562 5,251 40.0 21.66 May 13, 2024 IFRS
Oct - Mar, 2024 Guidance 96,030 11,845 11,491 7,499 65.0 27 Nov 11, 2024 IFRS
YoY +7.3% +53.3% +52.0% +42.8% +62.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 163,702 16,054 15,850 12,667 96.4 43.33 May 11, 2023 IFRS
Mar, 2024 176,862 18,620 18,262 13,695 104.2 43.33 May 13, 2024 IFRS
Mar, 2025 Guidance 183,900 23,600 22,900 26,400 228.7 53 Nov 8, 2024 IFRS
YoY +4.0% +26.7% +25.4% +92.8% +119.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 44,242 6,262 6,114 4,926 37.5 14.2 Nov 10, 2023 IFRS
Oct - Dec, 2023 48,661 6,372 6,371 5,057 38.5 13.1 Feb 14, 2024 IFRS
Jan - Mar, 2024 40,806 1,357 1,191 194 1.5 3.3 May 13, 2024 IFRS
Apr - Jun, 2024 44,328 6,092 5,941 15,486 117.9 13.7 Aug 9, 2024 IFRS
Jul - Sep, 2024 43,542 5,663 5,468 3,415 26.4 13.0 Nov 11, 2024 IFRS
YoY -1.6% -9.6% -10.6% -30.7% -29.5%

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