SHIMOJIMA Co.,Ltd., First Half Ordinary Profit Decreases by 35%, July-September Ordinary Profit Decreases by 33%

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Mon Nov 11, 2024 3:00 pm JST Earnings

7482 SHIMOJIMA Co.,Ltd. 【J-GAAP】

Earnings Report

SHIMOJIMA Co.,Ltd. <7482> [TSE-P] 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) dropped by 34.9% from the same period last year to 1.17 billion yen. The progress rate against the 4 billion yen full-year plan was 29.5%, also falling below the five-year average of 36.7%.

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 expand by 55.6% from the same period last year, reaching 2.82 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 607 million yen, a 33.2% decrease compared to the same period last year. The operating profit margin worsened from 5.8% in the same period last year to 3.4%.

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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	26,017	431	594	434	18.7	24.9	Nov 4, 2022	J-GAAP
Apr - Sep, 2023	28,130	1,620	1,809	1,187	50.9	49.9	Nov 9, 2023	J-GAAP
Apr - Sep, 2024	29,265	1,065	1,178	821	35.2	29.5	Nov 11, 2024	J-GAAP
YoY	+4.0%	-34.3%	-34.9%	-30.8%	-30.9%

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	－	27	May 13, 2024	J-GAAP
Apr - Sep, 2024 Results	29,265	1,065	1,178	821	35.2	27	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	29,664	1,642	1,814	1,185	50.8	40	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	32,535	2,735	2,822	1,679	71.9	27	Nov 11, 2024	J-GAAP
YoY	+9.7%	+66.6%	+55.6%	+41.7%	+41.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	55,028	2,011	2,388	1,542	66.2	22	May 11, 2023	J-GAAP
Mar, 2024	57,794	3,262	3,623	2,372	101.7	51	May 13, 2024	J-GAAP
Mar, 2025 Guidance	61,800	3,800	4,000	2,500	107.0	54	May 13, 2024	J-GAAP
YoY	+6.9%	+16.5%	+10.4%	+5.4%	+5.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	13,953	810	909	594	25.5	5.8	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	16,474	1,515	1,611	1,084	46.5	9.2	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	13,190	127	203	101	4.3	1.0	May 13, 2024	J-GAAP
Apr - Jun, 2024	14,464	556	571	366	15.7	3.8	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	14,801	509	607	455	19.5	3.4	Nov 11, 2024	J-GAAP
YoY	+6.1%	-37.2%	-33.2%	-23.4%	-23.4%