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Sanoh Industrial Co.,Ltd., First Half Ordinary Profit Decreases by 26%, July-September Ordinary Profit Decreases by 75%

Thu Nov 14, 2024 3:30 pm JST Earnings

6584 Sanoh Industrial Co.,Ltd. 【J-GAAP】

Earnings Report

Sanoh Industrial Co.,Ltd. <6584> [TSE-P] 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) decreased by 26.3% from the same period last year to 2.15 billion yen. The progress rate against the 7 billion yen full-year plan was 30.8%, also falling below the five-year average of 78.2%.

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 grow by 10.8% from the same period last year, reaching 4.84 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 461 million yen, a 75.4% decrease compared to the same period last year. The operating profit margin drastically worsened from 5.4% in the same period last year to 1.6%.

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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 63,599 -910 -411 -1,746 -48.3 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 74,555 3,187 2,925 1,333 37.0 40.1 Nov 14, 2023 J-GAAP
Apr - Sep, 2024 81,094 2,384 2,156 1,153 32.2 30.8 Nov 14, 2024 J-GAAP
YoY +8.8% -25.2% -26.3% -13.5% -12.9%

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 14 May 21, 2024 J-GAAP
Apr - Sep, 2024 Results 81,094 2,384 2,156 1,153 32.2 14 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 82,259 4,866 4,371 2,883 80.3 14 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 80,906 5,616 4,844 3,047 85.1 14 Nov 14, 2024 J-GAAP
YoY -1.6% +15.4% +10.8% +5.7% +6.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 137,692 1,321 1,490 -907 -25.1 25 May 12, 2023 J-GAAP
Mar, 2024 156,814 8,053 7,296 4,216 117.4 26.50 May 10, 2024 J-GAAP
Mar, 2025 Guidance 162,000 8,000 7,000 4,200 117.3 28 May 21, 2024 J-GAAP
YoY +3.3% -0.7% -4.1% -0.4% -0.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 38,109 2,075 1,871 1,472 40.8 5.4 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 40,154 2,312 2,197 1,477 41.1 5.8 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 42,105 2,554 2,174 1,406 39.2 6.1 May 10, 2024 J-GAAP
Apr - Jun, 2024 39,143 1,713 1,695 1,014 28.3 4.4 Aug 6, 2024 J-GAAP
Jul - Sep, 2024 41,951 671 461 139 3.9 1.6 Nov 14, 2024 J-GAAP
YoY +10.1% -67.7% -75.4% -90.6% -90.5%

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