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SEIREN CO.,LTD., The Current Fiscal Year Ordinary Profit Revised Upward by 3%, Adds to Record High Profit Forecast

Wed Nov 13, 2024 3:00 pm JST Earnings

3569 SEIREN CO.,LTD. 【J-GAAP】

Earnings Report

SEIREN CO.,LTD. <3569> [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) increased by 12.8% from the same period last year, reaching 9.06 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward by 3.0%, from the previous forecast of 16.5 billion yen to 17 billion yen (compared to 16.2 billion yen in the previous period), increasing the growth rate from 1.8% to 4.8%, further surpassing the previous forecast of record-high profits for four consecutive terms.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease by 3.0% from the same period last year to 7.93 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 9.6% from the same period last year, reaching 4.45 billion yen. The operating profit margin improved from 9.1% in the same period last year to 10.4%.

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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 60,564 5,164 7,065 5,174 96.3 46.0 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 66,664 6,027 8,037 5,757 107.4 49.6 Nov 8, 2023 J-GAAP
Apr - Sep, 2024 78,033 8,221 9,069 6,710 120.1 53.3 Nov 13, 2024 J-GAAP
YoY +17.1% +36.4% +12.8% +16.6% +11.8%

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 30 May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 78,033 8,221 9,069 6,710 120.1 30 Nov 13, 2024 J-GAAP
Revision Rate

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 147,000 15,500 16,500 12,200 208.3 60 May 13, 2024 J-GAAP
Mar, 2025 New 156,000 16,400 17,000 12,600 215.1 60 Nov 13, 2024 J-GAAP
Revision Rate +6.1% +5.8% +3.0% +3.3% +3.3%

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 75,251 8,041 8,177 6,399 119.3 30 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 77,967 8,179 7,931 5,890 100.6 30 Nov 13, 2024 J-GAAP
YoY +3.6% +1.7% -3.0% -8.0% -15.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 132,364 12,831 15,345 11,023 205.4 46 May 15, 2023 J-GAAP
Mar, 2024 141,915 14,068 16,214 12,156 226.5 53 May 13, 2024 J-GAAP
Mar, 2025 Guidance 156,000 16,400 17,000 12,600 215.1 60 Nov 13, 2024 J-GAAP
YoY +9.9% +16.6% +4.8% +3.7% -5.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 34,156 3,119 4,064 2,636 49.2 9.1 Nov 8, 2023 J-GAAP
Oct - Dec, 2023 37,200 3,944 3,928 2,962 55.3 10.6 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 38,051 4,097 4,249 3,437 64.1 10.8 May 13, 2024 J-GAAP
Apr - Jun, 2024 38,686 4,117 4,616 3,505 63.5 10.6 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 39,347 4,104 4,453 3,205 57.3 10.4 Nov 13, 2024 J-GAAP
YoY +15.2% +31.6% +9.6% +21.6% +16.6%

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