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SMC CORPORATION, The Current Fiscal Year Ordinary Profit Revised Downward to an Unexpected 5% Decrease
6273 SMC CORPORATION 【J-GAAP】
Earnings ReportSMC CORPORATION <6273> [TSE-P] announced its financial results in the afternoon session on November 14th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 22.6% from the same period last year to 104 billion yen.
In addition, the full-year consolidated ordinary profit has downwardly by 13.1%, from the previous forecast of 274 billion yen to 238 billion yen (compared to 251 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 5.2% decrease in profit.
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 14.9% from the same period last year, reaching 133 billion yen.
In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 36 billion yen, a 39.9% decrease compared to the same period last year. The operating profit margin decreased from 25.2% in the same period last year to 24.5%.
Kabutan News
Actual Results
Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
---|---|---|---|---|---|---|---|---|
Apr - Sep, 2022 | 421,529 | 133,649 | 180,725 | 133,054 | 2,036.3 | 59.1 | Nov 14, 2022 | J-GAAP |
Apr - Sep, 2023 | 393,551 | 105,124 | 134,660 | 94,735 | 1,468.8 | 53.6 | Nov 14, 2023 | J-GAAP |
Apr - Sep, 2024 | 395,061 | 99,497 | 104,283 | 78,189 | 1,219.5 | 43.8 | Nov 14, 2024 | J-GAAP |
YoY | +0.4% | -5.4% | -22.6% | -17.5% | -17.0% |
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 | - | 500 | May 14, 2024 | J-GAAP |
Apr - Sep, 2024 Results | 395,061 | 99,497 | 104,283 | 78,189 | 1,219.5 | 500 | Nov 14, 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 | 840,000 | 234,000 | 274,000 | 194,000 | 3,042.1 | 1,000 | May 14, 2024 | J-GAAP |
Mar, 2025 New | 820,000 | 214,000 | 238,000 | 167,000 | 2,618.7 | 1,000 | Nov 14, 2024 | J-GAAP |
Revision Rate | -2.4% | -8.5% | -13.1% | -13.9% | -13.9% |
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 | 383,322 | 91,102 | 116,348 | 83,586 | 1,297.0 | 500 | May 14, 2024 | J-GAAP |
Oct - Mar, 2024 Guidance | 424,939 | 114,503 | 133,717 | 88,811 | 1,392.6 | 500 | Nov 14, 2024 | J-GAAP |
YoY | +10.9% | +25.7% | +14.9% | +6.3% | +7.4% |
Current Period Guidance
Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
---|---|---|---|---|---|---|---|---|
Mar, 2023 | 824,772 | 258,200 | 305,980 | 224,609 | 3,444.6 | 900 | May 15, 2023 | J-GAAP |
Mar, 2024 | 776,873 | 196,226 | 251,008 | 178,321 | 2,766.9 | 950 | May 14, 2024 | J-GAAP |
Mar, 2025 Guidance | 820,000 | 214,000 | 238,000 | 167,000 | 2,618.7 | 1,000 | Nov 14, 2024 | J-GAAP |
YoY | +5.6% | +9.1% | -5.2% | -6.3% | -5.4% |
Quarterly Results
Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
---|---|---|---|---|---|---|---|---|
Jul - Sep, 2023 | 194,581 | 49,019 | 59,859 | 42,587 | 660.3 | 25.2 | Nov 14, 2023 | J-GAAP |
Oct - Dec, 2023 | 189,068 | 50,067 | 50,934 | 42,569 | 660.1 | 26.5 | Feb 13, 2024 | J-GAAP |
Jan - Mar, 2024 | 194,254 | 41,035 | 65,414 | 41,017 | 636.4 | 21.1 | May 14, 2024 | J-GAAP |
Apr - Jun, 2024 | 202,781 | 52,354 | 68,278 | 48,705 | 759.4 | 25.8 | Aug 9, 2024 | J-GAAP |
Jul - Sep, 2024 | 192,280 | 47,143 | 36,005 | 29,484 | 459.8 | 24.5 | Nov 14, 2024 | J-GAAP |
YoY | -1.2% | -3.8% | -39.9% | -30.8% | -30.4% |
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