Shinwa Co., Ltd., First Half Net Income Increases by 56%

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Thu Nov 14, 2024 3:00 pm JST Earnings

3447 Shinwa Co., Ltd. 【IFRS】

Earnings Report

Shinwa Co., Ltd. <3447> [TSE-S] announced its financial results (based on IFRS) in the afternoon session on November 14th (15:00). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 530 million yen, an increase of 56.3% compared to the same period last year. The progress rate against the 1 billion yen full-year plan was 53.0%, it was below the five-year average of 62.0%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to surge by 6.7 times that of the same period last year, reaching 470 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income grew by 15.7% from the same period last year, reaching 265 million yen. The operating profit margin improved from 9.2% in the same period last year to 10.0%.

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	8,909	1,113	1,077	744	53.5	75.1	Nov 11, 2022	IFRS
Apr - Sep, 2023	6,621	520	496	339	24.4	76.1	Nov 10, 2023	IFRS
Apr - Sep, 2024	8,542	871	815	530	38.2	54.6	Nov 14, 2024	IFRS
YoY	+29.0%	+67.5%	+64.3%	+56.3%	+56.3%

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	8,542	871	815	530	38.1	16	Nov 11, 2024	IFRS
Apr - Sep, 2024 Results	8,542	871	815	530	38.2	16	Nov 14, 2024	IFRS
Revision Rate	0.0%	0.0%	0.0%	0.0%	+0.2%

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	6,057	180	156	70	5.0	16	May 10, 2024	IFRS
Oct - Mar, 2024 Guidance	7,458	729	679	470	33.8	16	Nov 11, 2024	IFRS
YoY	+23.1%	+305.0%	+335.3%	+571.4%	+570.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	14,757	1,501	1,434	1,007	72.5	32	May 12, 2023	IFRS
Mar, 2024	12,678	700	652	409	29.5	32	May 10, 2024	IFRS
Mar, 2025 Guidance	16,000	1,600	1,494	1,000	71.9	32	May 10, 2024	IFRS
YoY	+26.2%	+128.6%	+129.1%	+144.5%	+144.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	3,715	343	331	229	16.5	9.2	Nov 10, 2023	IFRS
Oct - Dec, 2023	3,054	174	160	100	7.2	5.7	Feb 14, 2024	IFRS
Jan - Mar, 2024	3,003	6	-4	-30	-2.2	0.2	May 10, 2024	IFRS
Apr - Jun, 2024	4,038	421	395	265	19.2	10.4	Aug 9, 2024	IFRS
Jul - Sep, 2024	4,504	450	420	265	19.1	10.0	Nov 14, 2024	IFRS
YoY	+21.2%	+31.2%	+26.9%	+15.7%	+15.8%