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SHOEI CO., LTD., 17% Decrease in Ordinary Profit for The Current Fiscal Year, Despite Last Fiscal Year's Dividend Increase, This Fiscal Year to Decrease Dividend

Fri Nov 15, 2024 1:30 pm JST Earnings

7839 SHOEI CO., LTD. 【J-GAAP】

Earnings Report

SHOEI CO., LTD. <7839> [TSE-P] announced its financial results in the afternoon session on November 15th (13:30). The consolidated ordinary profit for the fiscal year ending September 2024 increased by 6.5% from the previous period to 10.5 billion yen. However, for the fiscal year ending September 2025, the profit is expected to decrease by 16.6% from the previous period to 8.76 billion yen.

At the same time, the company increased the annual dividend for the previous term from 63 yen to 70 yen (compared to 66 yen in the prior term), and has decided to reduce the dividend this fiscal year to 59 yen, a decrease of 11 yen from the previous fiscal year.

In the most recent three-month period, from July to September (4Q), the consolidated ordinary profit increased by 41.1% from the same period last year, reaching 2.44 billion yen. The operating profit margin rose from 19.8% in the same period last year to 24.2%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2022 28,953 8,382 8,503 6,018 112.2 56 Nov 15, 2022 J-GAAP
Sep, 2023 33,616 9,825 9,858 7,068 131.7 66 Nov 15, 2023 J-GAAP
Sep, 2024 35,790 10,330 10,502 7,377 139.9 70 Nov 15, 2024 J-GAAP
YoY +6.5% +5.1% +6.5% +4.4% +6.2%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2024 Guidance 35,120 9,630 9,630 6,770 128.8 63 Nov 15, 2023 J-GAAP
Sep, 2024 Results 35,790 10,330 10,502 7,377 139.9 70 Nov 15, 2024 J-GAAP
Revision Rate +1.9% +7.3% +9.1% +9.0% +8.6%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2023 16,454 5,275 5,345 3,738 70.6 0 Apr 26, 2024 J-GAAP
Oct - Mar, 2024 Guidance 15,200 4,450 4,440 3,020 57.5 0 Nov 15, 2024 J-GAAP
YoY -7.6% -15.6% -16.9% -19.2% -18.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2023 33,616 9,825 9,858 7,068 131.7 66 Nov 15, 2023 J-GAAP
Sep, 2024 35,790 10,330 10,502 7,377 139.9 70 Nov 15, 2024 J-GAAP
Sep, 2025 Guidance 33,920 8,770 8,760 6,220 118.3 59 Nov 15, 2024 J-GAAP
YoY -5.2% -15.1% -16.6% -15.7% -15.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 9,025 1,788 1,730 1,379 25.7 19.8 Nov 15, 2023 J-GAAP
Oct - Dec, 2023 8,145 2,835 2,727 1,913 35.9 34.8 Jan 30, 2024 J-GAAP
Jan - Mar, 2024 8,309 2,440 2,618 1,825 34.5 29.4 Apr 26, 2024 J-GAAP
Apr - Jun, 2024 9,042 2,564 2,716 1,885 35.7 28.4 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 10,294 2,491 2,441 1,754 33.3 24.2 Nov 15, 2024 J-GAAP
YoY +14.1% +39.3% +41.1% +27.2% +29.4%

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