Suzumo Machinery Co., Ltd., First Half Ordinary Profit Increases by 2.3 times

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 3:30 pm JST Earnings

6405 Suzumo Machinery Co., Ltd. 【J-GAAP】

Earnings Report

Suzumo Machinery Co., Ltd. <6405> [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) surged by 2.3 times that of the same period last year, reaching 1.09 billion yen, exceeded the previous forecast of 942 million yen.

The progress rate against the 1.91 billion yen full-year plan was 57.0%, also surpassing the five-year average of 39.1%.

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 decrease by 19.0% from the same period last year to 823 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged to 2.1 times that of the same period last year, reaching 642 million yen. The operating profit margin drastically improved from 8.0% in the same period last year to 15.0%.

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	6,351	436	468	379	29.4	41.1	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	6,735	454	482	295	22.9	32.2	Nov 14, 2023	J-GAAP
Apr - Sep, 2024	7,874	1,051	1,092	794	61.5	57.0	Nov 14, 2024	J-GAAP
YoY	+16.9%	+131.5%	+126.6%	+169.2%	+168.9%

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	7,850	900	942	695	53.7	15	Sep 18, 2024	J-GAAP
Apr - Sep, 2024 Results	7,874	1,051	1,092	794	61.5	15	Nov 14, 2024	J-GAAP
Revision Rate	+0.3%	+16.8%	+15.9%	+14.2%	+14.4%

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	7,779	1,021	1,016	845	65.4	17	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	8,086	849	823	556	43.0	18	Nov 14, 2024	J-GAAP
YoY	+3.9%	-16.8%	-19.0%	-34.2%	-34.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	13,456	1,203	1,139	825	63.9	31	May 12, 2023	J-GAAP
Mar, 2024	14,514	1,475	1,498	1,140	88.2	32	May 13, 2024	J-GAAP
Mar, 2025 Guidance	15,960	1,900	1,915	1,350	104.3	33	May 13, 2024	J-GAAP
YoY	+10.0%	+28.8%	+27.8%	+18.4%	+18.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	3,473	279	302	167	12.9	8.0	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	3,800	491	494	358	27.7	12.9	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	3,979	530	522	487	37.7	13.3	May 13, 2024	J-GAAP
Apr - Jun, 2024	3,715	428	450	348	27.0	11.5	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	4,159	623	642	446	34.5	15.0	Nov 14, 2024	J-GAAP
YoY	+19.8%	+123.3%	+112.6%	+167.1%	+166.8%