CK SAN-ETSU Co.,Ltd., The Current Fiscal Year Ordinary Profit Revised Upward by 14%

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Wed Nov 13, 2024 3:30 pm JST Earnings

5757 CK SAN-ETSU Co.,Ltd. 【J-GAAP】

Earnings Report

CK SAN-ETSU Co.,Ltd. <5757> [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) expanded to 4.71 billion yen, an increase of 71.6% compared to the same period last year.

In addition, the full-year consolidated ordinary profit has been revised upward by 13.8%, from the previous forecast of 6.5 billion yen to 7.4 billion yen (compared to 6.09 billion yen in the previous period), increasing the growth rate from 6.7% to 21.4%.

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 19.7% from the same period last year to 2.68 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged to 5.5 times that of the same period last year, reaching 4.43 billion yen. The operating profit margin improved from 6.8% in the same period last year to 8.8%.

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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	64,341	4,400	6,412	3,991	484.0	74.1	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	55,545	3,538	2,747	1,646	198.3	45.1	Nov 14, 2023	J-GAAP
Apr - Sep, 2024	61,593	5,937	4,714	2,899	344.8	63.7	Nov 13, 2024	J-GAAP
YoY	+10.9%	+67.8%	+71.6%	+76.1%	+73.8%

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	ー	ー	ー	ー	－	45	May 13, 2024	J-GAAP
Apr - Sep, 2024 Results	61,593	5,937	4,714	2,899	344.8	45	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	114,100	6,300	6,500	4,000	472.2	90	May 13, 2024	J-GAAP
Mar, 2025 New	122,000	9,300	7,400	4,600	543.0	90	Nov 13, 2024	J-GAAP
Revision Rate	+6.9%	+47.6%	+13.8%	+15.0%	+15.0%

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	55,888	4,391	3,347	2,169	260.5	35	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	60,407	3,363	2,686	1,701	200.8	45	Nov 13, 2024	J-GAAP
YoY	+8.1%	-23.4%	-19.7%	-21.6%	-22.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	123,838	8,279	8,655	5,318	644.4	70	May 12, 2023	J-GAAP
Mar, 2024	111,433	7,929	6,094	3,815	458.2	70	May 13, 2024	J-GAAP
Mar, 2025 Guidance	122,000	9,300	7,400	4,600	543.0	90	Nov 13, 2024	J-GAAP
YoY	+9.5%	+17.3%	+21.4%	+20.6%	+18.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	26,484	1,797	809	477	57.5	6.8	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	28,326	2,444	2,738	1,676	201.6	8.6	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	27,562	1,947	609	493	59.2	7.1	May 13, 2024	J-GAAP
Apr - Jun, 2024	30,345	3,197	280	130	15.6	10.5	Aug 13, 2024	J-GAAP
Jul - Sep, 2024	31,248	2,740	4,434	2,769	329.3	8.8	Nov 13, 2024	J-GAAP
YoY	+18.0%	+52.5%	+448.1%	+480.5%	+472.9%