kabutan

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

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%

Related Articles