kabutan

SAGAMI RUBBER INDUSTRIES CO.,LTD., First Half Ordinary Profit Unexpectedly Revised Upward by 57%, Exceeds Full-Year Plan

Thu Nov 14, 2024 3:00 pm JST Earnings

5194 SAGAMI RUBBER INDUSTRIES CO.,LTD. 【J-GAAP】

Earnings Report

SAGAMI RUBBER INDUSTRIES CO.,LTD. <5194> [TSE-S] announced its financial results in the afternoon session on November 14th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 538 million yen, an increase of 56.9% compared to the same period last year, resulting in an increase in profits compared to the previous forecast of a 41.7% decrease.

The progress rate against the full-year plan of 400 million yen is 134.5%, already exceeding the target and also exceeding the five-year average of 60.9%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the October to March period (second half) is expected to turn into a loss of 138 million yen (compared to a profit of 46 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 8.9% from the same period last year, reaching 270 million yen. However, the operating profit/loss margin drastically worsened from 6.5% in the same period last year to -4.1%.

Kabutan News

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 2,831 404 981 789 72.7 93.0 Nov 14, 2022 J-GAAP
Apr - Sep, 2023 3,193 278 343 145 13.4 88.2 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 3,024 38 538 390 35.9 134.5 Nov 14, 2024 J-GAAP
YoY -5.3% -86.3% +56.9% +169.0% +168.3%

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 3,150 250 200 120 11.1 － May 17, 2024 J-GAAP
Apr - Sep, 2024 Results 3,024 38 538 390 35.9 － Nov 14, 2024 J-GAAP
Revision Rate -4.0% -84.8% +169.0% +225.0% +225.2%

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 2,919 158 46 -105 -9.9 10 May 17, 2024 J-GAAP
Oct - Mar, 2024 Guidance 3,276 462 -138 -150 -13.8 10 Nov 14, 2024 J-GAAP
YoY +12.2% +192.4% － -42.9% -39.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 5,984 661 1,055 673 62.0 10 May 19, 2023 J-GAAP
Mar, 2024 6,112 436 389 40 3.8 10 May 17, 2024 J-GAAP
Mar, 2025 Guidance 6,300 500 400 240 22.1 10 May 17, 2024 J-GAAP
YoY +3.1% +14.7% +2.8% +500.0% +486.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,545 100 248 149 13.8 6.5 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 1,626 101 175 90 8.3 6.2 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 1,293 57 -129 -195 -18.4 4.4 May 17, 2024 J-GAAP
Apr - Jun, 2024 1,458 102 268 175 16.2 7.0 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 1,566 -64 270 215 19.8 -4.1 Nov 14, 2024 J-GAAP
YoY +1.4% － +8.9% +44.3% +44.0%

Related Articles