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

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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%.

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	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%