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

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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	2,639	2,995	1,825	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%	+75.3%	+55.5%	+64.2%	+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	3,162	3,604	2,072	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%	+61.3%	+49.8%	+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	2,296	2,514	1,616	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%