SOMAR CORPORATION, The Current Fiscal Year Ordinary Profit Revised Upward by 28%, Highest in Thirty Four Terms

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Mon Nov 11, 2024 3:30 pm JST Earnings

8152 SOMAR CORPORATION 【J-GAAP】

Earnings Report

SOMAR CORPORATION <8152> [TSE-S] announced its financial results after the market closed on November 11th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 1.48 billion yen, an increase of 82.6% compared to the same period last year.

In addition, the full-year consolidated ordinary profit has been revised upward by 28.2%, from the previous forecast of 1.95 billion yen to 2.5 billion yen (compared to 1.9 billion yen in the previous period), increasing the growth rate from 2.2% to 31.0%, reaches new record high for the first time in thirty four terms.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease by 7.3% from the same period last year to 1.01 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 28.8% from the same period last year, reaching 626 million yen. The operating profit margin improved from 6.8% in the same period last year to 8.6%.

Kabutan News

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	12,337	357	433	393	203.0	48.9	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	13,031	745	814	443	228.5	42.7	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	15,177	1,371	1,486	1,202	620.3	59.4	Nov 11, 2024	J-GAAP
YoY	+16.5%	+84.0%	+82.6%	+171.3%	+171.4%

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	－	0	May 15, 2024	J-GAAP
Apr - Sep, 2024 Results	15,177	1,371	1,486	1,202	620.3	0	Nov 11, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	30,500	1,850	1,950	1,400	722.2	70	May 15, 2024	J-GAAP
Mar, 2025 New	31,000	2,400	2,500	2,000	1,031.7	70	Nov 11, 2024	J-GAAP
Revision Rate	+1.6%	+29.7%	+28.2%	+42.9%	+42.9%

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	13,618	1,052	1,094	928	478.6	70	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	15,823	1,029	1,014	798	411.7	70	Nov 11, 2024	J-GAAP
YoY	+16.2%	-2.2%	-7.3%	-14.0%	-14.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	25,059	796	886	611	315.1	50	May 15, 2023	J-GAAP
Mar, 2024	26,649	1,797	1,908	1,371	707.1	70	May 15, 2024	J-GAAP
Mar, 2025 Guidance	31,000	2,400	2,500	2,000	1,031.7	70	Nov 11, 2024	J-GAAP
YoY	+16.3%	+33.6%	+31.0%	+45.9%	+45.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	6,546	443	486	355	183.1	6.8	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	7,083	537	595	481	248.1	7.6	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	6,535	515	499	447	230.5	7.9	May 15, 2024	J-GAAP
Apr - Jun, 2024	7,315	694	860	689	355.5	9.5	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	7,862	677	626	513	264.7	8.6	Nov 11, 2024	J-GAAP
YoY	+20.1%	+52.8%	+28.8%	+44.5%	+44.6%