SUZUKEN CO.,LTD., The Current Fiscal Year Ordinary Profit Revised Upward by 11%

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Tue Nov 12, 2024 3:00 pm JST Earnings

9987 SUZUKEN CO.,LTD. 【J-GAAP】

Earnings Report

SUZUKEN CO.,LTD. <9987> [TSE-P] announced its financial results in the afternoon session on November 12th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 6.5% from the same period last year to 17 billion yen.

However, the full-year consolidated ordinary profit has been revised upward by 10.6%, from the previous forecast of 31 billion yen to 34.3 billion yen (compared to 38.3 billion yen in the previous period), and the declining rate is expected to decrease from 19.2% to 10.6%.

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 decrease by 14.2% from the same period last year to 17.2 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 12 billion yen, a 8.9% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 2.0% in the same period last year to 1.9%.

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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	1,138,310	14,882	16,717	10,850	123.4	46.0	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	1,194,472	16,566	18,199	15,884	192.0	47.5	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	1,197,323	17,101	17,009	20,278	261.2	49.6	Nov 12, 2024	J-GAAP
YoY	+0.2%	+3.2%	-6.5%	+27.7%	+36.0%

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	1,179,600	12,000	13,200	17,700	227.9	50	May 14, 2024	J-GAAP
Apr - Sep, 2024 Results	1,197,323	17,101	17,009	20,278	261.2	50	Nov 12, 2024	J-GAAP
Revision Rate	+1.5%	+42.5%	+28.9%	+14.6%	+14.6%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	2,373,000	28,500	31,000	30,000	408.4	100	May 14, 2024	J-GAAP
Mar, 2025 New	2,391,000	33,600	34,300	33,300	453.3	100	Nov 12, 2024	J-GAAP
Revision Rate	+0.8%	+17.9%	+10.6%	+11.0%	+11.0%

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	1,192,021	18,309	20,152	13,132	162.0	40	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	1,193,677	16,499	17,291	13,022	177.3	50	Nov 12, 2024	J-GAAP
YoY	+0.1%	-9.9%	-14.2%	-0.8%	+9.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	2,314,828	32,605	36,376	20,345	236.5	72	May 15, 2023	J-GAAP
Mar, 2024	2,386,493	34,875	38,351	29,016	357.9	80	May 14, 2024	J-GAAP
Mar, 2025 Guidance	2,391,000	33,600	34,300	33,300	453.3	100	Nov 12, 2024	J-GAAP
YoY	+0.2%	-3.7%	-10.6%	+14.8%	+26.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	620,828	12,511	13,217	12,542	151.6	2.0	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	619,850	9,954	10,843	9,613	117.0	1.6	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	572,171	8,355	9,309	3,519	43.4	1.5	May 14, 2024	J-GAAP
Apr - Jun, 2024	582,196	5,305	4,965	4,962	63.9	0.9	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	615,127	11,796	12,044	15,316	197.3	1.9	Nov 12, 2024	J-GAAP
YoY	-0.9%	-5.7%	-8.9%	+22.1%	+30.1%