SANYO SHOKAI, The Current Fiscal Year Ordinary Profit Revised Downward to an Unexpected 12% Decrease, Dividend Revised Upward by 4 yen

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Fri Dec 27, 2024 11:00 am JST Earnings

8011 SANYO SHOKAI LTD. 【J-GAAP】

Earnings Report

SANYO SHOKAI LTD. <8011> [TSE Prime] announced its financial results in the morning on December 27th (11:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending February 2025 (March to November) decreased 15.6% from the same period last year to 1.49 billion yen.

In addition, the full-year consolidated ordinary profit has decreased 17.6%, from the previous forecast of 3.4 billion yen to 2.8 billion yen (compared to 3.18 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 12.1% decrease in profit. However, the full-year consolidated net income has been revised upward 29.0%, from the previous forecast of 3.1 billion yen to 4 billion yen (compared to 2.78 billion yen in the previous period), increasing the growth rate from 11.2% to 43.5%.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit for the September to February period (2H) has decreased 22.0%, from the previous forecast of 2.72 billion yen to 2.12 billion yen (compared to 2.39 billion yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 11.5% decrease in profit.

At the same time, the company has increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 125 yen to 129 yen (compared to 88 yen in the previous period).

In the most recent three-month period, from September to November (3Q), the consolidated ordinary profit decreased to 0.81 billion yen, a 16.9% decrease compared to the same period last year. The operating profit margin worsened from 6.1% in the same period last year to 5.3%.

Kabutan News

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	41,937	1,028	1,163	985	81.1	47.7	Dec 27, 2022	J-GAAP
Mar - Nov, 2023	44,603	1,727	1,773	1,696	145.4	55.7	Dec 27, 2023	J-GAAP
Mar - Nov, 2024	43,525	1,422	1,497	1,198	103.5	53.5	Dec 27, 2024	J-GAAP
YoY	-2.4%	-17.7%	-15.6%	-29.4%	-28.9%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep - Feb, 2024 Prev	34,598	2,701	2,722	2,643	242.1	125	Oct 4, 2024	J-GAAP
Sep - Feb, 2024 New	33,098	2,101	2,122	3,543	324.5	129	Dec 27, 2024	J-GAAP
Revision Rate	-4.3%	-22.2%	-22.0%	+34.1%	+34.1%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2025 Prev	62,500	3,300	3,400	3,100	283.9	125	Apr 12, 2024	J-GAAP
Feb, 2025 New	61,000	2,700	2,800	4,000	366.4	129	Dec 27, 2024	J-GAAP
Revision Rate	-2.4%	-18.2%	-17.6%	+29.0%	+29.0%

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	33,198	2,329	2,397	2,043	175.2	88	Apr 12, 2024	J-GAAP
Sep - Feb, 2024 Guidance	33,098	2,101	2,122	3,543	324.5	129	Dec 27, 2024	J-GAAP
YoY	-0.3%	-9.8%	-11.5%	+73.4%	+85.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	58,273	2,235	2,437	2,155	178.7	55	Apr 14, 2023	J-GAAP
Feb, 2024	61,353	3,047	3,184	2,787	239.0	88	Apr 12, 2024	J-GAAP
Feb, 2025 Guidance	61,000	2,700	2,800	4,000	366.4	129	Dec 27, 2024	J-GAAP
YoY	-0.6%	-11.4%	-12.1%	+43.5%	+53.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Sep - Nov, 2023	16,448	1,009	986	952	81.6	6.1	Dec 27, 2023	J-GAAP
Dec - Feb, 2023	16,750	1,320	1,411	1,091	93.5	7.9	Apr 12, 2024	J-GAAP
Mar - May, 2024	15,378	747	730	590	50.6	4.9	Jun 28, 2024	J-GAAP
Jun - Aug, 2024	12,524	-148	-52	-133	-11.4	-1.2	Oct 4, 2024	J-GAAP
Sep - Nov, 2024	15,623	823	819	741	64.0	5.3	Dec 27, 2024	J-GAAP
YoY	-5.0%	-18.4%	-16.9%	-22.2%	-21.6%