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

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%.

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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%

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