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SONOCOM CO.,LTD., First Half Ordinary Profit Decreases by 43%

Mon Nov 11, 2024 3:30 pm JST Earnings

7902 SONOCOM CO.,LTD. 【J-GAAP】

Earnings Report

SONOCOM CO.,LTD. <7902> [TSE-S] announced its financial results after the market closed on November 11th (15:30). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 42.9% from the same period last year to 173 million yen. The progress rate against the 200 million yen full-year plan was 86.5%, also surpassing the five-year average of 61.2%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to significant drop by 64.9% from the same period last year to 27 million yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit significantly dropped to 74 million yen, a 59.1% decrease compared to the same period last year. However, the operating profit margin significantly improved from 6.6% in the same period last year to 10.1%.

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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 1,188 169 238 104 28.6 71.0 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 1,090 105 303 206 57.6 79.7 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 1,135 106 173 111 31.0 86.5 Nov 11, 2024 J-GAAP
YoY +4.1% +1.0% -42.9% -46.1% -46.2%

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 13, 2024 J-GAAP
Apr - Sep, 2024 Results 1,135 106 173 111 31.0 0 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 1,044 32 77 34 9.5 12 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 1,065 44 27 29 8.0 12 Nov 11, 2024 J-GAAP
YoY +2.0% +37.5% -64.9% -14.7% -15.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 2,238 228 335 167 46.1 10 May 12, 2023 J-GAAP
Mar, 2024 2,134 137 380 240 67.2 12 May 13, 2024 J-GAAP
Mar, 2025 Guidance 2,200 150 200 140 38.8 12 May 13, 2024 J-GAAP
YoY +3.1% +9.5% -47.4% -41.7% -42.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 472 31 181 122 34.1 6.6 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 511 21 26 12 3.4 4.1 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 533 11 51 22 6.2 2.1 May 13, 2024 J-GAAP
Apr - Jun, 2024 568 49 99 64 18.1 8.6 Aug 13, 2024 J-GAAP
Jul - Sep, 2024 567 57 74 47 13.1 10.1 Nov 11, 2024 J-GAAP
YoY +20.1% +83.9% -59.1% -61.5% -61.5%

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