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SUMIKEN MITSUI ROAD CO.,LTD., First Half Ordinary Profit Turns to Loss, July-September Ordinary Profit Decreases by 77%

Tue Nov 12, 2024 2:00 pm JST Earnings

1776 SUMIKEN MITSUI ROAD CO.,LTD. 【J-GAAP】

Earnings Report

SUMIKEN MITSUI ROAD CO.,LTD. <1776> [TSE-S] announced its financial results in the afternoon session on November 12th (14:00). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a loss of 229 million yen (compared to a profit of 57 million yen in the same period last year).

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 38.0% 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 48 million yen, a 76.8% decrease compared to the same period last year. The operating profit margin worsened from 2.3% in the same period last year to 0.6%.

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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 13,584 -40 -36 -41 -4.6 ー Nov 9, 2022 J-GAAP
Apr - Sep, 2023 14,107 31 57 15 1.7 5.6 Nov 8, 2023 J-GAAP
Apr - Sep, 2024 12,601 -266 -229 -188 -20.5 ー Nov 12, 2024 J-GAAP
YoY -10.7% － － － －

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 ー ー ー ー － 0 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 12,601 -266 -229 -188 -20.5 0 Nov 12, 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 16,806 963 970 572 62.4 40 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 18,799 1,376 1,339 878 95.5 40 Nov 12, 2024 J-GAAP
YoY +11.9% +42.9% +38.0% +53.5% +53.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 31,914 1,008 1,015 630 69.0 35 May 10, 2023 J-GAAP
Mar, 2024 30,913 994 1,027 587 64.1 40 May 10, 2024 J-GAAP
Mar, 2025 Guidance 31,400 1,110 1,110 690 75.1 40 May 10, 2024 J-GAAP
YoY +1.6% +11.7% +8.1% +17.5% +17.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 7,895 184 207 131 14.6 2.3 Nov 8, 2023 J-GAAP
Oct - Dec, 2023 8,692 459 463 271 29.7 5.3 Feb 7, 2024 J-GAAP
Jan - Mar, 2024 8,114 504 507 301 32.9 6.2 May 10, 2024 J-GAAP
Apr - Jun, 2024 5,614 -309 -277 -208 -22.7 -5.5 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 6,987 43 48 20 2.2 0.6 Nov 12, 2024 J-GAAP
YoY -11.5% -76.6% -76.8% -84.7% -85.0%

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