Sharp Corporation, First Half Operating Profit Turns to Profit

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Tue Nov 12, 2024 3:30 pm JST Earnings

6753 Sharp Corporation 【J-GAAP】

Earnings Report

Sharp Corporation <6753> [TSE-P] announced its financial results after the market closed on November 12th (15:30). The consolidated operating profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a profit of 479 million yen (compared to a loss of 5.86 billion yen in the same period last year). However, The progress rate against the 10 billion yen full-year plan was 4.8%, also falling below the five-year average of 50.0%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated operating profit/loss for the October to March period (second half) is expected to turn into a profit of 9.52 billion yen (compared to a loss of 14.4 billion yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated operating profit surged to 5.3 times that of the same period last year, reaching 6.28 billion yen. The operating profit margin improved from 0.2% in the same period last year to 1.1%.

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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	1,257,996	1,017	9,228	9,459	15.0	ー	Nov 4, 2022	J-GAAP
Apr - Sep, 2023	1,158,279	-5,861	3,027	4,963	7.6	ー	Nov 8, 2023	J-GAAP
Apr - Sep, 2024	1,096,414	479	1,466	22,960	35.4	14.7	Nov 12, 2024	J-GAAP
YoY	-5.3%	－	-51.6%	+362.6%	+362.8%

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	－	－	May 14, 2024	J-GAAP
Apr - Sep, 2024 Results	1,096,414	479	1,466	22,960	35.4	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	1,163,642	-14,482	-10,111	-154,943	-238.6	0	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	1,003,586	9,521	8,534	-17,960	-27.7	－	Nov 12, 2024	J-GAAP
YoY	-13.8%	－	－	+88.4%	+88.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	2,548,117	-25,719	-30,487	-260,840	-407.3	0	May 11, 2023	J-GAAP
Mar, 2024	2,321,921	-20,343	-7,084	-149,980	-231.0	0	May 14, 2024	J-GAAP
Mar, 2025 Guidance	2,100,000	10,000	10,000	5,000	7.7	－	May 14, 2024	J-GAAP
YoY	-9.6%	－	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	617,059	1,196	3,565	-551	-0.9	0.2	Nov 8, 2023	J-GAAP
Oct - Dec, 2023	606,439	2,270	3,553	-2,942	-4.5	0.4	Feb 6, 2024	J-GAAP
Jan - Mar, 2024	557,203	-16,752	-13,664	-152,001	-234.1	-3.0	May 14, 2024	J-GAAP
Apr - Jun, 2024	531,964	-5,810	-10,178	-1,285	-2.0	-1.1	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	564,450	6,289	11,644	24,245	37.3	1.1	Nov 12, 2024	J-GAAP
YoY	-8.5%	+425.8%	+226.6%	－	－