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SINANEN HOLDINGS CO., LTD., First Half Ordinary Profit Turns to Profit

Mon Nov 11, 2024 3:30 pm JST Earnings

8132 SINANEN HOLDINGS CO., LTD. 【J-GAAP】

Earnings Report

SINANEN HOLDINGS CO., LTD. <8132> [TSE-P] announced its financial results after the market closed on November 11th (15:30). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a profit of 353 million yen (compared to a loss of 1.76 billion yen in the same period last year). However, The progress rate against the 3.1 billion yen full-year plan was 11.4%, also falling below the five-year average of 19.2%.

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 47.8% from the same period last year, reaching 2.74 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary loss improved to a deficit of loss of 268 million yen (compared to a loss of 1.28 billion yen in the same period last year). The operating profit/loss margin improved from -2.1% in the same period last year to -0.1%.

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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 139,740 -820 -425 852 78.1 Oct 31, 2022 J-GAAP
Apr - Sep, 2023 141,213 -2,150 -1,765 -2,074 -190.5 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 123,535 242 353 160 14.7 11.4 Nov 11, 2024 J-GAAP
YoY -12.5%

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 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 123,535 242 353 160 14.7 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 207,069 1,439 1,858 1,035 95.2 75 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 216,465 2,558 2,747 1,640 150.7 75 Nov 11, 2024 J-GAAP
YoY +4.5% +77.8% +47.8% +58.5% +58.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 342,254 895 1,227 478 43.8 75 May 12, 2023 J-GAAP
Mar, 2024 348,282 -711 93 -1,039 -95.5 75 May 14, 2024 J-GAAP
Mar, 2025 Guidance 340,000 2,800 3,100 1,800 165.5 75 May 14, 2024 J-GAAP
YoY -2.4% +3,233.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 69,820 -1,432 -1,286 -1,713 -157.3 -2.1 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 96,340 -52 203 -90 -8.3 -0.1 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 110,729 1,491 1,655 1,125 103.4 1.3 May 14, 2024 J-GAAP
Apr - Jun, 2024 63,552 320 621 338 31.1 0.5 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 59,983 -78 -268 -178 -16.4 -0.1 Nov 11, 2024 J-GAAP
YoY -14.1% +94.6% +79.2% +89.6% +89.6%

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