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Sobal, Mar-Nov (Cumulative 3Q) Ordinary Profit Increases by 11%, Sep-Nov Ordinary Profit Increases by 26%

Fri Jan 10, 2025 3:30 pm JST Earnings

2186 Sobal Corporation 【J-GAAP】

Earnings Report

Sobal Corporation <2186> [TSE Std] announced its financial results after the market closed on January 10th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending February 2025 (March to November) increased 10.7% from the same period last year, reaching 589 million yen. The progress rate toward the full-year plan of 610 million yen was 96.6%, also surpassing the five-year average of 81.2%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the December to February period (4Q) is expected to significant drop 86.8% from the same period last year to 21 million yen.

In the most recent three-month period, from September to November (3Q), the consolidated ordinary profit grew 25.9% from the same period last year, reaching 253 million yen. The operating profit margin improved from 9.4% in the same period last year to 10.8%.

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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 6,102 603 615 615 78.2 93.6 Dec 28, 2022 J-GAAP
Mar - Nov, 2023 6,048 519 532 356 45.3 77.0 Dec 28, 2023 J-GAAP
Mar - Nov, 2024 6,480 576 589 402 51.1 96.6 Jan 10, 2025 J-GAAP
YoY +7.1% +11.0% +10.7% +12.9% +12.8%

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 4,132 340 360 293 37.3 16.50 Apr 10, 2024 J-GAAP
Sep - Feb, 2024 Guidance 4,265 266 274 352 44.7 16.50 Sep 30, 2024 J-GAAP
YoY +3.2% -21.8% -23.9% +20.1% +20.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 8,159 643 657 683 86.8 33 Apr 12, 2023 J-GAAP
Feb, 2024 8,169 670 691 513 65.3 33 Apr 10, 2024 J-GAAP
Feb, 2025 Guidance 8,500 600 610 580 73.7 33 Sep 30, 2024 J-GAAP
YoY +4.1% -10.4% -11.7% +13.1% +12.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Sep - Nov, 2023 2,011 189 201 136 17.3 9.4 Dec 28, 2023 J-GAAP
Dec - Feb, 2023 2,121 151 159 157 20.0 7.1 Apr 10, 2024 J-GAAP
Mar - May, 2024 2,116 158 158 106 13.5 7.5 Jun 28, 2024 J-GAAP
Jun - Aug, 2024 2,119 176 178 122 15.5 8.3 Sep 30, 2024 J-GAAP
Sep - Nov, 2024 2,245 242 253 174 22.1 10.8 Jan 10, 2025 J-GAAP
YoY +11.6% +28.0% +25.9% +27.9% +27.9%

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