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SEED CO.,LTD., First Half Ordinary Profit Decreases by 44%, July-September Ordinary Profit Decreases by 61%

Mon Nov 11, 2024 3:30 pm JST Earnings

7743 SEED CO.,LTD. 【J-GAAP】

Earnings Report

SEED CO.,LTD. <7743> [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) dropped by 44.1% from the same period last year to 764 million yen. The progress rate against the 2.1 billion yen full-year plan was 36.4%, also falling below the five-year average of 68.1%.

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 93.1% from the same period last year, reaching 1.33 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 257 million yen, a 60.9% decrease compared to the same period last year. The operating profit margin worsened from 8.2% in the same period last year to 5.4%.

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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 14,884 477 544 133 5.3 98.2 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 15,947 1,307 1,367 826 33.0 66.4 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 16,828 874 764 548 18.1 36.4 Nov 11, 2024 J-GAAP
YoY +5.5% -33.1% -44.1% -33.7% -45.1%

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 16,828 874 764 548 18.1 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 16,449 743 692 1,138 44.9 15 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 19,172 1,326 1,336 852 28.2 15 Nov 11, 2024 J-GAAP
YoY +16.6% +78.5% +93.1% -25.1% -37.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 30,593 629 554 -316 -12.6 12 May 12, 2023 J-GAAP
Mar, 2024 32,396 2,050 2,059 1,964 77.4 15 May 13, 2024 J-GAAP
Mar, 2025 Guidance 36,000 2,200 2,100 1,400 46.3 15 May 13, 2024 J-GAAP
YoY +11.1% +7.3% +2.0% -28.7% -40.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 7,995 657 658 400 16.0 8.2 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 8,181 511 436 408 16.3 6.2 Feb 7, 2024 J-GAAP
Jan - Mar, 2024 8,268 232 256 730 28.8 2.8 May 13, 2024 J-GAAP
Apr - Jun, 2024 8,277 410 507 359 11.9 5.0 Aug 6, 2024 J-GAAP
Jul - Sep, 2024 8,551 464 257 189 6.3 5.4 Nov 11, 2024 J-GAAP
YoY +7.0% -29.4% -60.9% -52.8% -60.9%

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