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SEC CARBON,LIMITED, First Half Ordinary Profit Decreases by 15%, July-September Ordinary Profit Decreases by 33%

Wed Nov 13, 2024 3:30 pm JST Earnings

5304 SEC CARBON,LIMITED 【J-GAAP】

Earnings Report

SEC CARBON,LIMITED <5304> [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) decreased by 14.7% from the same period last year to 4.81 billion yen. However, The progress rate against the 9 billion yen full-year plan was 53.5%, almost the same as the five-year average of 51.0%.

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 decrease by 29.2% from the same period last year to 4.18 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 1.69 billion yen, a 32.7% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 27.7% in the same period last year to 27.6%.

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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 12,518 2,344 3,041 2,136 105.1 40.0 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 16,791 4,868 5,651 3,863 190.1 48.9 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 16,384 4,578 4,819 3,561 176.1 53.5 Nov 13, 2024 J-GAAP
YoY -2.4% -6.0% -14.7% -7.8% -7.3%

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 15,700 2,900 3,200 2,000 99.8 50 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 16,384 4,578 4,819 3,561 176.1 50 Nov 13, 2024 J-GAAP
Revision Rate +4.4% +57.9% +50.6% +78.1% +76.6%

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 20,516 5,349 5,904 3,436 169.1 66 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 20,516 3,622 4,181 2,439 121.7 50 Nov 13, 2024 J-GAAP
YoY 0.0% -32.3% -29.2% -29.0% -28.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 30,401 6,490 7,610 5,402 265.8 64 May 12, 2023 J-GAAP
Mar, 2024 37,307 10,217 11,555 7,299 359.2 100 May 14, 2024 J-GAAP
Mar, 2025 Guidance 36,900 8,200 9,000 6,000 299.3 100 May 14, 2024 J-GAAP
YoY -1.1% -19.7% -22.1% -17.8% -16.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 8,634 2,391 2,516 1,756 86.4 27.7 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 9,419 2,905 2,883 2,001 98.5 30.8 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 11,097 2,444 3,021 1,435 70.6 22.0 May 14, 2024 J-GAAP
Apr - Jun, 2024 8,400 2,377 3,125 2,276 112.2 28.3 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 7,984 2,201 1,694 1,285 63.6 27.6 Nov 13, 2024 J-GAAP
YoY -7.5% -7.9% -32.7% -26.8% -26.4%

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