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SEIKOH GIKEN Co.,Ltd., The Current Fiscal Year Ordinary Profit Revised Upward by 32%

Mon Nov 11, 2024 4:00 pm JST Earnings

6834 SEIKOH GIKEN Co.,Ltd. 【J-GAAP】

Earnings Report

SEIKOH GIKEN Co.,Ltd. <6834> [TSE-S] announced its financial results after the market closed on November 11th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 2.2 times that of the same period last year, reaching 1.04 billion yen, exceeded the previous forecast of 500 million yen.

In addition, the full-year consolidated ordinary profit has been revised upward by 32.3%, from the previous forecast of 1.55 billion yen to 2.05 billion yen (compared to 1.26 billion yen in the previous period), increasing the growth rate from 22.1% to 61.5%.

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 grow by 26.1% from the same period last year, reaching 1 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 57.5% from the same period last year, reaching 570 million yen. The operating profit margin drastically improved from 7.0% in the same period last year to 12.7%.

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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 8,581 708 869 649 71.2 54.1 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 7,864 322 473 301 33.1 37.3 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 9,062 1,030 1,046 772 84.6 51.0 Nov 11, 2024 J-GAAP
YoY +15.2% +219.9% +121.1% +156.5% +155.7%

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 8,030 450 500 320 35.1 30 May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 9,062 1,030 1,046 772 84.6 30 Nov 11, 2024 J-GAAP
Revision Rate +12.9% +128.9% +109.2% +141.3% +141.1%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 17,300 1,450 1,550 1,000 112.3 60 May 13, 2024 J-GAAP
Mar, 2025 New 18,000 2,000 2,050 1,500 168.4 60 Nov 11, 2024 J-GAAP
Revision Rate +4.0% +37.9% +32.3% +50.0% +50.0%

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 7,921 730 796 460 50.4 55 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 8,938 970 1,004 728 81.7 30 Nov 11, 2024 J-GAAP
YoY +12.8% +32.9% +26.1% +58.3% +62.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 16,282 1,390 1,606 1,082 118.6 50 May 12, 2023 J-GAAP
Mar, 2024 15,785 1,052 1,269 761 83.4 55 May 13, 2024 J-GAAP
Mar, 2025 Guidance 18,000 2,000 2,050 1,500 168.4 60 Nov 11, 2024 J-GAAP
YoY +14.0% +90.1% +61.5% +97.1% +101.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 4,281 300 362 270 29.7 7.0 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 3,981 320 318 96 10.5 8.0 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 3,940 410 478 364 39.9 10.4 May 13, 2024 J-GAAP
Apr - Jun, 2024 4,116 403 476 308 33.9 9.8 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 4,946 627 570 464 50.8 12.7 Nov 11, 2024 J-GAAP
YoY +15.5% +109.0% +57.5% +71.9% +71.4%

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