SEKICHU, Sep-Nov (3Q) Ordinary Profit Increases by 56%

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Wed Dec 25, 2024 4:00 pm JST Earnings

9976 SEKICHU CO.,LTD. 【J-GAAP】

Earnings Report

SEKICHU CO.,LTD. <9976> [TSE Std] announced its financial results after the market closed on December 25th (16:00). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending February 2025 (March to November) decreased 18.7% from the same period last year to 592 million yen. The progress rate toward the full-year plan of 550 million yen is 107.6%, but was lower than the the five-year average of 109.7%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit/loss for the December to February period (4Q) is expected to turn into a loss of 42 million yen (compared to a profit of 68 million yen in the same period last year).

In the most recent three-month period, from September to November (3Q), the ordinary profit increased 56.2% from the same period last year, reaching 139 million yen. The operating profit margin improved from 1.0% in the same period last year to 1.6%.

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Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Mar - Nov, 2022	22,992	849	898	570	105.9	111.3	Dec 28, 2022	J-GAAP
Mar - Nov, 2023	22,645	680	728	500	92.9	91.5	Dec 28, 2023	J-GAAP
Mar - Nov, 2024	23,592	553	592	456	84.7	107.6	Dec 25, 2024	J-GAAP
YoY	+4.2%	-18.7%	-18.7%	-8.8%	-8.8%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep - Feb, 2023	14,990	124	157	69	12.8	30	Mar 28, 2024	J-GAAP
Sep - Feb, 2024 Guidance	14,347	74	97	-1	-0.2	20	Sep 25, 2024	J-GAAP
YoY	-4.3%	-40.3%	-38.2%	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	30,943	751	807	477	88.7	30	Mar 30, 2023	J-GAAP
Feb, 2024	30,381	730	796	510	94.9	30	Mar 28, 2024	J-GAAP
Feb, 2025 Guidance	30,000	500	550	350	65.0	20	Mar 28, 2024	J-GAAP
YoY	-1.3%	-31.5%	-30.9%	-31.4%	-31.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Sep - Nov, 2023	7,254	74	89	59	11.0	1.0	Dec 28, 2023	J-GAAP
Dec - Feb, 2023	7,736	50	68	10	1.9	0.6	Mar 28, 2024	J-GAAP
Mar - May, 2024	7,784	275	283	200	37.2	3.5	Jun 26, 2024	J-GAAP
Jun - Aug, 2024	7,869	151	170	151	28.1	1.9	Sep 25, 2024	J-GAAP
Sep - Nov, 2024	7,939	127	139	105	19.5	1.6	Dec 25, 2024	J-GAAP
YoY	+9.4%	+71.6%	+56.2%	+78.0%	+77.9%