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Sansei Technologies,Inc., July-September (2Q) Ordinary Profit Decreases by 70%

Thu Nov 14, 2024 3:30 pm JST Earnings

6357 Sansei Technologies,Inc. 【J-GAAP】

Earnings Report

Sansei Technologies,Inc. <6357> [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) increased by 21.8% from the same period last year, reaching 742 million yen. However, The progress rate against the 5.4 billion yen full-year plan was 13.7%, also falling below the same period of the previous year of 16.9%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to expand by 55.5% from the same period last year, reaching 4.65 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 223 million yen, a 69.6% decrease compared to the same period last year. The operating profit margin drastically worsened from 5.4% in the same period last year to 1.2%.

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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 17,366 -616 -510 -495 -26.7 ー Nov 10, 2022 J-GAAP
Apr - Sep, 2023 23,375 523 609 247 13.3 16.9 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 27,350 475 742 303 16.3 13.7 Nov 14, 2024 J-GAAP
YoY +17.0% -9.2% +21.8% +22.7% +22.3%

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 ー ー ー ー － 25 May 9, 2024 J-GAAP
Apr - Sep, 2024 Results 27,350 475 742 303 16.3 25 Nov 14, 2024 J-GAAP
Revision Rate － － － － －

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 28,932 2,632 2,988 1,824 98.2 20 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 36,650 4,625 4,658 2,997 160.3 25 Nov 14, 2024 J-GAAP
YoY +26.7% +75.7% +55.9% +64.3% +63.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 40,683 2,007 2,757 1,704 91.9 37.50 May 11, 2023 J-GAAP
Mar, 2024 52,307 3,155 3,597 2,071 111.5 40 May 9, 2024 J-GAAP
Mar, 2025 Guidance 64,000 5,100 5,400 3,300 176.5 50 May 9, 2024 J-GAAP
YoY +22.4% +61.6% +50.1% +59.3% +58.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 13,191 711 734 414 22.3 5.4 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 12,556 343 481 209 11.3 2.7 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 16,376 2,289 2,507 1,615 86.9 14.0 May 9, 2024 J-GAAP
Apr - Jun, 2024 13,750 307 519 231 12.4 2.2 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 13,600 168 223 72 3.9 1.2 Nov 14, 2024 J-GAAP
YoY +3.1% -76.4% -69.6% -82.6% -82.7%

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