SHINNIHON CORPORATION, First Half Ordinary Profit Decreases by 5%

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

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%.

Kabutan News

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%