SATO HOLDINGS CORPORATION, The Current Fiscal Year Ordinary Profit Revised Upward by 2%, Exceeded record profit forecast

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Wed Nov 13, 2024 3:30 pm JST Earnings

6287 SATO HOLDINGS CORPORATION 【J-GAAP】

Earnings Report

SATO HOLDINGS CORPORATION <6287> [TSE-P] 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 13.4% from the same period last year, reaching 4.88 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward by 2.0%, from the previous forecast of 10.2 billion yen to 10.4 billion yen (compared to 8.96 billion yen in the previous period), increasing the growth rate from 13.8% to 16.1%. The company has further increased its previous forecast of record profits for the first time in two years.

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 grow by 18.5% from the same period last year, reaching 5.51 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 10.6% from the same period last year, reaching 2.47 billion yen. The operating profit margin improved from 6.9% in the same period last year to 7.6%.

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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	70,463	3,776	4,968	3,229	96.7	54.8	Nov 9, 2022	J-GAAP
Apr - Sep, 2023	69,786	4,620	4,307	1,991	61.5	48.1	Nov 9, 2023	J-GAAP
Apr - Sep, 2024	76,090	5,778	4,883	3,028	93.4	47.0	Nov 13, 2024	J-GAAP
YoY	+9.0%	+25.1%	+13.4%	+52.1%	+51.9%

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	73,600	4,800	4,700	2,900	89.4	37	May 15, 2024	J-GAAP
Apr - Sep, 2024 Results	76,090	5,778	4,883	3,028	93.4	37	Nov 13, 2024	J-GAAP
Revision Rate	+3.4%	+20.4%	+3.9%	+4.4%	+4.4%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	151,000	10,400	10,200	6,400	197.1	74	May 15, 2024	J-GAAP
Mar, 2025 New	153,500	11,400	10,400	6,600	203.3	74	Nov 13, 2024	J-GAAP
Revision Rate	+1.7%	+9.6%	+2.0%	+3.1%	+3.1%

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	73,660	5,763	4,654	1,574	48.6	37	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	77,410	5,622	5,517	3,572	110.0	37	Nov 13, 2024	J-GAAP
YoY	+5.1%	-2.4%	+18.5%	+126.9%	+126.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	142,824	8,841	9,068	4,184	126.7	72	May 15, 2023	J-GAAP
Mar, 2024	143,446	10,383	8,961	3,565	110.0	73	May 15, 2024	J-GAAP
Mar, 2025 Guidance	153,500	11,400	10,400	6,600	203.3	74	Nov 13, 2024	J-GAAP
YoY	+7.0%	+9.8%	+16.1%	+85.1%	+84.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	35,797	2,460	2,236	687	21.2	6.9	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	37,629	3,467	3,460	2,815	86.9	9.2	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	36,031	2,296	1,194	-1,241	-38.3	6.4	May 15, 2024	J-GAAP
Apr - Jun, 2024	37,674	2,864	2,411	1,197	37.0	7.6	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	38,416	2,914	2,472	1,831	56.5	7.6	Nov 13, 2024	J-GAAP
YoY	+7.3%	+18.5%	+10.6%	+166.5%	+166.1%