SRA Holdings,Inc., First Half Ordinary Profit Decreases by 32%, July-September Ordinary Profit Decreases by 73%

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Wed Nov 13, 2024 4:00 pm JST Earnings

3817 SRA Holdings,Inc. 【J-GAAP】

Earnings Report

SRA Holdings,Inc. <3817> [TSE-P] announced its financial results after the market closed on November 13th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 31.8% from the same period last year to 3.14 billion yen. The progress rate against the 7.35 billion yen full-year plan was 42.7%, also falling below the five-year average of 48.8%.

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 6.0% from the same period last year, reaching 4.2 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 614 million yen, a 72.9% decrease compared to the same period last year. However, the operating profit margin rose from 16.0% in the same period last year to 16.7%.

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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	20,949	2,782	5,021	2,564	207.9	69.7	Nov 10, 2022	J-GAAP
Apr - Sep, 2023	22,612	3,270	4,604	2,883	232.0	53.7	Nov 9, 2023	J-GAAP
Apr - Sep, 2024	23,849	3,615	3,142	2,062	163.5	42.7	Nov 13, 2024	J-GAAP
YoY	+5.5%	+10.6%	-31.8%	-28.5%	-29.5%

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	ー	ー	ー	ー	－	80	May 14, 2024	J-GAAP
Apr - Sep, 2024 Results	23,849	3,615	3,142	2,062	163.5	80	Nov 13, 2024	J-GAAP
Revision Rate	－	－	－	－	－

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	24,513	3,637	3,971	1,701	136.5	120	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	25,651	3,685	4,208	2,538	200.9	90	Nov 13, 2024	J-GAAP
YoY	+4.6%	+1.3%	+6.0%	+49.2%	+47.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	42,864	6,004	7,201	879	71.1	140	May 18, 2023	J-GAAP
Mar, 2024	47,125	6,907	8,575	4,584	367.8	160	May 14, 2024	J-GAAP
Mar, 2025 Guidance	49,500	7,300	7,350	4,600	364.1	170	May 14, 2024	J-GAAP
YoY	+5.0%	+5.7%	-14.3%	+0.3%	-1.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	11,911	1,911	2,262	1,447	116.4	16.0	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	10,918	1,776	1,272	723	58.1	16.3	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	13,595	1,861	2,699	978	78.5	13.7	May 14, 2024	J-GAAP
Apr - Jun, 2024	11,822	1,609	2,528	1,617	128.4	13.6	Aug 7, 2024	J-GAAP
Jul - Sep, 2024	12,027	2,006	614	445	35.3	16.7	Nov 13, 2024	J-GAAP
YoY	+1.0%	+5.0%	-72.9%	-69.2%	-69.7%