Sportsfield Co., Ltd., January-September (Third Quarter Cumulative) Ordinary Profit Decreases by 9%, July-September Ordinary Profit Decreases by 4%

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Tue Nov 12, 2024 4:00 pm JST Earnings

7080 Sportsfield Co., Ltd. 【J-GAAP】

Earnings Report

Sportsfield Co., Ltd. <7080> [TSE-G] announced its financial results after the market closed on November 12th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) decreased by 8.7% from the same period last year to 650 million yen. The progress rate against the 902 million yen full-year plan was 72.1%, also falling below the same period of the previous year of 81.9%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to expand by 60.5% from the same period last year, reaching 252 million yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit decreased to 82 million yen, a 3.5% decrease compared to the same period last year. The operating profit margin decreased from 12.2% in the same period last year to 10.5%.

Kabutan News

Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jan - Sep, 2022	2,246	604	602	389	54.1	95.0	Nov 14, 2022	J-GAAP
Jan - Sep, 2023	2,589	713	712	460	63.6	81.9	Nov 13, 2023	J-GAAP
Jan - Sep, 2024	2,848	651	650	414	56.4	72.1	Nov 12, 2024	J-GAAP
YoY	+10.0%	-8.7%	-8.7%	-10.0%	-11.3%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	1,528	241	242	201	27.7	16.50	Feb 13, 2024	J-GAAP
Jul - Dec, 2024 Guidance	1,694	335	334	223	30.6	16	Aug 9, 2024	J-GAAP
YoY	+10.9%	+39.0%	+38.0%	+10.9%	+10.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	2,866	637	634	412	57.2	0	Feb 13, 2023	J-GAAP
Dec, 2023	3,418	869	869	608	83.7	16.50	Feb 13, 2024	J-GAAP
Dec, 2024 Guidance	3,749	903	902	586	80.4	16	Feb 13, 2024	J-GAAP
YoY	+9.7%	+3.9%	+3.8%	-3.6%	-4.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	699	85	85	53	7.3	12.2	Nov 13, 2023	J-GAAP
Oct - Dec, 2023	829	156	157	148	20.4	18.8	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	1,102	402	402	258	35.1	36.5	May 13, 2024	J-GAAP
Apr - Jun, 2024	953	166	166	105	14.3	17.4	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	793	83	82	51	6.9	10.5	Nov 12, 2024	J-GAAP
YoY	+13.4%	-2.4%	-3.5%	-3.8%	-5.3%