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

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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	63.3	27	Nov 11, 2024	IFRS
YoY	+7.3%	+53.3%	+52.0%	+42.8%	+58.3%

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	222.7	53	Nov 8, 2024	IFRS
YoY	+4.0%	+26.7%	+25.4%	+92.8%	+113.7%

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%