SANIX INCORPORATED, First Half Ordinary Profit Decreases by 63%, July-September Ordinary Profit Decreases by 46%

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Thu Nov 14, 2024 3:30 pm JST Earnings

4651 SANIX INCORPORATED 【J-GAAP】

Earnings Report

SANIX INCORPORATED <4651> [TSE-S] announced its financial results after the market closed on November 14th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) significantly dropped by 62.8% from the same period last year to 499 million yen. The progress rate against the 1.44 billion yen full-year plan was 34.7%, also falling below the five-year average of 52.0%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to significant drop by 55.7% from the same period last year to 941 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 684 million yen, a 46.1% decrease compared to the same period last year. The operating profit margin significantly dropped from 11.5% in the same period last year to 7.0%.

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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	22,649	746	611	442	9.3	39.4	Nov 14, 2022	J-GAAP
Apr - Sep, 2023	22,589	1,481	1,343	1,126	23.6	38.7	Nov 14, 2023	J-GAAP
Apr - Sep, 2024	21,259	650	499	270	5.7	34.7	Nov 14, 2024	J-GAAP
YoY	-5.9%	-56.1%	-62.8%	-76.0%	-76.0%

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	22,726	613	483	366	7.7	0	May 15, 2024	J-GAAP
Apr - Sep, 2024 Results	21,259	650	499	270	5.7	0	Nov 14, 2024	J-GAAP
Revision Rate	-6.5%	+6.0%	+3.3%	-26.2%	-26.2%

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	24,578	2,263	2,123	1,571	32.9	0	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	24,987	1,065	941	823	17.2	0	Nov 14, 2024	J-GAAP
YoY	+1.7%	-52.9%	-55.7%	-47.6%	-47.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	46,277	1,785	1,552	1,332	27.9	0	May 15, 2023	J-GAAP
Mar, 2024	47,167	3,744	3,466	2,697	56.4	0	May 15, 2024	J-GAAP
Mar, 2025 Guidance	46,246	1,715	1,440	1,093	22.9	0	May 15, 2024	J-GAAP
YoY	-2.0%	-54.2%	-58.5%	-59.5%	-59.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	11,508	1,327	1,270	1,063	22.2	11.5	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	11,686	938	899	680	14.2	8.0	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	12,892	1,325	1,224	891	18.6	10.3	May 15, 2024	J-GAAP
Apr - Jun, 2024	10,288	-116	-185	-255	-5.3	-1.1	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	10,971	766	684	525	11.0	7.0	Nov 14, 2024	J-GAAP
YoY	-4.7%	-42.3%	-46.1%	-50.6%	-50.6%