Sagami Holdings Corporation, First Half Ordinary Profit Increases by 35%, July-September Ordinary Profit Increases by 15%

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Wed Nov 13, 2024 3:00 pm JST Earnings

9900 Sagami Holdings Corporation 【J-GAAP】

Earnings Report

Sagami Holdings Corporation <9900> [TSE-P] announced its financial results in the afternoon session on November 13th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 1.3 billion yen, an increase of 34.8% compared to the same period last year. The progress rate against the 2.1 billion yen full-year plan was 62.3%, also surpassing the four-year average of 53.5%.

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 5.3% from the same period last year, reaching 792 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 15.3% from the same period last year, reaching 709 million yen. The operating profit margin improved from 7.5% in the same period last year to 7.9%.

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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	12,845	665	1,323	1,007	33.4	84.1	Nov 14, 2022	J-GAAP
Apr - Sep, 2023	15,027	930	970	734	24.4	56.3	Nov 13, 2023	J-GAAP
Apr - Sep, 2024	17,164	1,282	1,308	989	32.8	62.3	Nov 13, 2024	J-GAAP
YoY	+14.2%	+37.8%	+34.8%	+34.7%	+34.6%

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	17,100	1,280	1,300	980	32.4	0	Nov 5, 2024	J-GAAP
Apr - Sep, 2024 Results	17,164	1,282	1,308	989	32.8	0	Nov 13, 2024	J-GAAP
Revision Rate	+0.4%	+0.2%	+0.6%	+0.9%	+1.3%

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	15,979	726	752	175	5.8	10	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	16,836	768	792	361	11.9	8	Nov 13, 2024	J-GAAP
YoY	+5.4%	+5.8%	+5.3%	+106.3%	+105.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	26,423	910	1,574	886	29.4	7	May 12, 2023	J-GAAP
Mar, 2024	31,006	1,656	1,722	909	30.1	10	May 13, 2024	J-GAAP
Mar, 2025 Guidance	34,000	2,050	2,100	1,350	44.6	8	Nov 5, 2024	J-GAAP
YoY	+9.7%	+23.8%	+22.0%	+48.5%	+47.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	7,950	594	615	482	16.0	7.5	Nov 13, 2023	J-GAAP
Oct - Dec, 2023	7,916	556	576	321	10.6	7.0	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	8,063	170	176	-146	-4.8	2.1	May 13, 2024	J-GAAP
Apr - Jun, 2024	8,123	571	599	483	16.0	7.0	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	9,041	711	709	506	16.8	7.9	Nov 13, 2024	J-GAAP
YoY	+13.7%	+19.7%	+15.3%	+5.0%	+4.9%