Seibu Giken Co.,Ltd., January-September (Third Quarter Cumulative) Ordinary Profit Decreases by 10%

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Thu Nov 14, 2024 1:30 pm JST Earnings

6223 Seibu Giken Co.,Ltd. 【J-GAAP】

Earnings Report

Seibu Giken Co.,Ltd. <6223> [TSE-S] announced its financial results in the afternoon session on November 14th (13:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) decreased by 9.9% from the same period last year to 3.03 billion yen. The progress rate against the 4.57 billion yen full-year plan was 66.4%, also falling below the same period of the previous year of 77.3%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to expand by 55.2% from the same period last year, reaching 1.54 billion yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit grew by 19.5% from the same period last year, reaching 1.29 billion yen. The operating profit margin rose from 14.1% in the same period last year to 14.8%.

Kabutan News

Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jan - Sep, 2023	20,299	3,241	3,369	2,607	140.4	77.3	Nov 14, 2023	J-GAAP
Jan - Sep, 2024	23,401	2,917	3,037	2,444	119.3	66.4	Nov 14, 2024	J-GAAP
YoY	+15.3%	-10.0%	-9.9%	-6.3%	-15.1%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	16,115	2,142	2,074	1,613	84.7	60	Feb 14, 2024	J-GAAP
Jul - Dec, 2024 Guidance	18,696	2,804	2,833	2,270	110.7	70	Aug 9, 2024	J-GAAP
YoY	+16.0%	+30.9%	+36.6%	+40.7%	+30.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2023	28,725	4,298	4,361	3,431	180.1	60	Feb 14, 2024	J-GAAP
Dec, 2024 Guidance	33,417	4,434	4,577	3,660	178.5	70	Feb 14, 2024	J-GAAP
YoY	+16.3%	+3.2%	+5.0%	+6.7%	-0.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	7,689	1,085	1,082	789	42.5	14.1	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	8,426	1,057	992	824	43.3	12.5	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	5,777	486	596	481	23.5	8.4	May 15, 2024	J-GAAP
Apr - Jun, 2024	8,944	1,144	1,148	909	44.4	12.8	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	8,680	1,287	1,293	1,054	51.4	14.8	Nov 14, 2024	J-GAAP
YoY	+12.9%	+18.6%	+19.5%	+33.6%	+21.0%