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SHINKO Inc., First Half Ordinary Profit Decreases by 14%

Thu Nov 14, 2024 3:30 pm JST Earnings

7120 SHINKO Inc. 【J-GAAP】

Earnings Report

SHINKO Inc. <7120> [TSE-S] announced its financial results after the market closed on November 14th (15:30). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 13.6% from the same period last year to 178 million yen. The progress rate against the 775 million yen full-year plan was 23.0%, also falling below the same period of the previous year of 32.5%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to expand by 39.5% from the same period last year, reaching 597 million yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit grew by 12.5% from the same period last year, reaching 153 million yen. The operating profit margin improved from 3.4% in the same period last year to 3.8%.

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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, 2023 7,541 201 206 133 24.5 32.5 Nov 14, 2023 J-GAAP
Apr - Sep, 2024 7,605 173 178 114 20.8 23.0 Nov 14, 2024 J-GAAP
YoY +0.8% -13.9% -13.6% -14.3% -14.8%

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 － 0 May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 7,605 173 178 114 20.8 0 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 8,604 426 428 277 50.7 26.67 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 9,634 595 597 408 86.7 28.33 Nov 14, 2024 J-GAAP
YoY +12.0% +39.7% +39.5% +47.3% +71.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 15,948 752 762 481 93.5 23.33 May 12, 2023 J-GAAP
Mar, 2024 16,145 627 634 410 75.0 26.67 May 13, 2024 J-GAAP
Mar, 2025 Guidance 17,239 768 775 522 111.0 28.33 May 13, 2024 J-GAAP
YoY +6.8% +22.5% +22.2% +27.3% +47.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 3,927 132 136 89 16.4 3.4 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 3,716 124 125 81 14.9 3.3 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 4,888 302 303 196 35.9 6.2 May 13, 2024 J-GAAP
Apr - Jun, 2024 3,667 23 25 13 2.4 0.6 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 3,938 150 153 101 18.5 3.8 Nov 14, 2024 J-GAAP
YoY +0.3% +13.6% +12.5% +13.5% +12.8%

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