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SHINNIHON CORPORATION, First Half Ordinary Profit Decreases by 5%

Wed Nov 13, 2024 2:00 pm JST Earnings

1879 SHINNIHON CORPORATION 【J-GAAP】

Earnings Report

SHINNIHON CORPORATION <1879> [TSE-P] announced its financial results in the afternoon session on November 13th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 5.2% from the same period last year to 6.31 billion yen. The progress rate against the 17.7 billion yen full-year plan was 35.7%, almost the same as the five-year average of 36.1%.

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 grow by 3.4% from the same period last year, reaching 11.3 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit amounted to 4.39 billion yen, an increase of 0.1% compared to the same period last year. However, the operating profit margin decreased from 15.1% in the same period last year to 13.2%.

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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 45,008 6,148 6,169 4,270 73.1 35.8 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 49,548 6,582 6,659 4,591 78.5 37.7 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 54,619 6,295 6,314 4,353 74.4 35.7 Nov 13, 2024 J-GAAP
YoY +10.2% -4.4% -5.2% -5.2% -5.2%

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 － 26 May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 54,619 6,295 6,314 4,353 74.4 26 Nov 13, 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 83,969 10,995 11,012 7,695 131.6 38 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 80,381 11,405 11,386 7,947 135.9 27 Nov 13, 2024 J-GAAP
YoY -4.3% +3.7% +3.4% +3.3% +3.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 113,725 17,186 17,225 12,013 205.5 27 May 11, 2023 J-GAAP
Mar, 2024 133,517 17,577 17,671 12,286 210.1 53 May 13, 2024 J-GAAP
Mar, 2025 Guidance 135,000 17,700 17,700 12,300 210.3 53 May 13, 2024 J-GAAP
YoY +1.1% +0.7% +0.2% +0.1% +0.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 29,124 4,394 4,396 3,043 52.0 15.1 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 30,981 3,455 3,468 2,399 41.0 11.2 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 52,988 7,540 7,544 5,296 90.6 14.2 May 13, 2024 J-GAAP
Apr - Jun, 2024 21,347 1,900 1,915 1,315 22.5 8.9 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 33,272 4,395 4,399 3,038 52.0 13.2 Nov 13, 2024 J-GAAP
YoY +14.2% +0.0% +0.1% -0.2% -0.2%

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