Solasto Corporation, First Half Ordinary Profit Increases by 39%, July-September Ordinary Profit Increases by 33%

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Mon Nov 11, 2024 3:30 pm JST Earnings

6197 Solasto Corporation 【J-GAAP】

Earnings Report

Solasto Corporation <6197> [TSE-P] 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 3.45 billion yen, an increase of 39.1% compared to the same period last year. The progress rate against the 6.05 billion yen full-year plan was 57.1%, also surpassing the five-year average of 48.7%.

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 decrease by 15.8% from the same period last year to 2.59 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 32.6% from the same period last year, reaching 1.85 billion yen. The operating profit margin improved from 3.9% in the same period last year to 5.7%.

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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	65,140	3,120	3,266	1,852	19.6	48.4	Nov 9, 2022	J-GAAP
Apr - Sep, 2023	66,983	2,510	2,483	3,890	41.1	44.6	Nov 8, 2023	J-GAAP
Apr - Sep, 2024	68,388	3,678	3,455	1,935	21.0	57.1	Nov 11, 2024	J-GAAP
YoY	+2.1%	+46.5%	+39.1%	-50.3%	-49.0%

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	－	10	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	68,388	3,678	3,455	1,935	21.0	10	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	68,156	3,007	3,081	-1,633	-17.4	10	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	70,612	2,522	2,595	565	6.1	10	Nov 11, 2024	J-GAAP
YoY	+3.6%	-16.1%	-15.8%	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	131,088	6,325	6,747	3,172	33.5	20	May 11, 2023	J-GAAP
Mar, 2024	135,139	5,517	5,564	2,257	24.1	20	May 10, 2024	J-GAAP
Mar, 2025 Guidance	139,000	6,200	6,050	2,500	27.1	20	May 10, 2024	J-GAAP
YoY	+2.9%	+12.4%	+8.7%	+10.8%	+12.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	34,060	1,315	1,402	500	5.3	3.9	Nov 8, 2023	J-GAAP
Oct - Dec, 2023	34,055	1,550	1,598	516	5.5	4.6	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	34,101	1,457	1,483	-2,149	-23.0	4.3	May 10, 2024	J-GAAP
Apr - Jun, 2024	34,101	1,714	1,596	853	9.3	5.0	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	34,287	1,964	1,859	1,082	11.7	5.7	Nov 11, 2024	J-GAAP
YoY	+0.7%	+49.4%	+32.6%	+116.4%	+121.9%