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SEIGAKUSHA CO.,LTD., First Half Ordinary Profit Increases by 10%

Wed Nov 13, 2024 3:30 pm JST Earnings

2179 SEIGAKUSHA CO.,LTD. 【J-GAAP】

Earnings Report

SEIGAKUSHA CO.,LTD. <2179> [TSE-S] announced its financial results after the market closed on November 13th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 10.2% from the same period last year, reaching 108 million yen, reversing from the forecast of a loss of 24 million yen to a profit.

The progress rate against the 733 million yen full-year plan was 14.7%, almost the same as the five-year average of 13.2%.

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 2.0% from the same period last year, reaching 625 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 13.5% from the same period last year, reaching 614 million yen. The operating profit margin rose from 14.8% in the same period last year to 15.8%.

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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 5,806 60 56 46 8.4 7.7 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 6,032 98 98 42 7.6 13.8 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 6,539 118 108 74 13.4 14.7 Nov 13, 2024 J-GAAP
YoY +8.4% +20.4% +10.2% +76.2% +76.5%

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 6,328 -17 -24 -42 -7.6 9.50 May 15, 2024 J-GAAP
Apr - Sep, 2024 Results 6,539 118 108 74 13.4 9.50 Nov 13, 2024 J-GAAP
Revision Rate +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 7,070 604 613 391 70.6 9 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 7,252 628 625 323 58.2 9.50 Nov 13, 2024 J-GAAP
YoY +2.6% +4.0% +2.0% -17.4% -17.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 12,671 712 727 421 76.0 17 May 15, 2023 J-GAAP
Mar, 2024 13,102 702 711 433 78.2 18 May 15, 2024 J-GAAP
Mar, 2025 Guidance 13,791 746 733 397 71.6 19 May 15, 2024 J-GAAP
YoY +5.3% +6.3% +3.1% -8.3% -8.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 3,667 544 541 353 63.8 14.8 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 3,656 559 558 334 60.3 15.3 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 3,414 45 55 57 10.3 1.3 May 15, 2024 J-GAAP
Apr - Jun, 2024 2,548 -512 -506 -314 -56.7 -20.1 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 3,991 630 614 388 70.3 15.8 Nov 13, 2024 J-GAAP
YoY +8.8% +15.8% +13.5% +9.9% +10.1%

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