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

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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%