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

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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%