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SUMIDA, The Current Fiscal Year Net Income Revised Downward by 76%

Fri Dec 13, 2024 4:30 pm JST Revision

6817 SUMIDA CORPORATION 【IFRS】

Guidance Update Report

SUMIDA CORPORATION <6817> [TSE Prime] announced a performance revision after the market closed on December 13th (16:30). The consolidated net income for the fiscal year ending December 2024 has downwardly 76.2%, from the previous forecast of 2.1 billion yen to 500 million yen (compared to 5.06 billion yen in the previous period), leading to an increase in the profit decline rate from 58.5% to 90.1%.

Based on the downwardly revised full-year plan announced by the company, our calculation indicates that the July to December period (second half) consolidated net income has downwardly 99.1%, from the previous forecast of 1.61 billion yen to 14 million yen (compared to 1.78 billion yen in the same period of the previous year), leading to an increase in the profit decline rate from 9.6% to 99.2%.

Kabutan News

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 Prev 75,634 3,668 1,867 1,614 48.8 27 Jul 31, 2024 IFRS
Jul - Dec, 2024 New 69,934 1,668 -133 14 0.4 27 Dec 13, 2024 IFRS
Revision Rate -7.5% -54.5% － -99.1% -99.1%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2024 Prev 148,700 6,000 2,600 2,100 63.5 53 Jul 31, 2024 IFRS
Dec, 2024 New 143,000 4,000 600 500 15.1 53 Dec 13, 2024 IFRS
Revision Rate -3.8% -33.3% -76.9% -76.2% -76.2%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2023 74,457 3,326 1,813 1,786 59.1 28 Feb 7, 2024 IFRS
Jul - Dec, 2024 Guidance 69,934 1,668 -133 14 0.4 27 Dec 13, 2024 IFRS
YoY -6.1% -49.8% － -99.2% -99.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 138,600 8,189 6,534 5,099 187.5 47 Feb 7, 2023 IFRS
Dec, 2023 147,672 8,564 5,856 5,064 167.5 51 Feb 7, 2024 IFRS
Dec, 2024 Guidance 143,000 4,000 600 500 15.1 53 Dec 13, 2024 IFRS
YoY -3.2% -53.3% -89.8% -90.1% -91.0%

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