SK JAPAN, The Current Fiscal Year Ordinary Profit Revised Upward to an Unexpected 3% Increase, Raises Record High Profit, Dividend Revised Upward by 2 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.

Tue Jan 14, 2025 12:00 pm JST Earnings

7608 SK JAPAN CO., LTD. 【J-GAAP】

Earnings Report

SK JAPAN CO., LTD. <7608> [TSE Std] announced its financial results at noon (12:00) on January 14th. The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending February 2025 (March to November) increased 15.0% from the same period last year, reaching 0.99 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward 10.0%, from the previous forecast of 1 billion yen to 1.1 billion yen (compared to 1.07 billion yen in the previous period), record profits reach two consecutive terms, turning to a 2.5% increase in the consolidated ordinary profit outlook.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the September to February period (2H) is expected to increase 24.4%, from the previous forecast of 0.41 billion yen to 0.51 billion yen (compared to 0.42 billion yen in the same period of the previous year), turning to a 20.6% increase in the consolidated ordinary profit outlook.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 25 yen to 27 yen (compared to 17 yen in the previous period).

In the most recent three-month period, from September to November (3Q), the consolidated ordinary profit increased 86.8% from the same period last year, reaching 0.4 billion yen. The operating profit margin significantly improved from 8.6% in the same period last year to 12.0%.

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	7,138	500	473	323	39.2	86.2	Jan 12, 2023	J-GAAP
Mar - Nov, 2023	7,668	808	869	603	72.7	81.0	Jan 12, 2024	J-GAAP
Mar - Nov, 2024	9,661	984	999	704	84.6	90.8	Jan 14, 2025	J-GAAP
YoY	+26.0%	+21.8%	+15.0%	+16.7%	+16.3%

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	4,676	415	410	283	33.8	15	Oct 11, 2024	J-GAAP
Sep - Feb, 2024 New	6,176	515	510	353	42.2	17	Jan 14, 2025	J-GAAP
Revision Rate	+32.1%	+24.1%	+24.4%	+24.7%	+24.7%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2025 Prev	11,000	1,000	1,000	700	83.6	25	Apr 12, 2024	J-GAAP
Feb, 2025 New	12,500	1,100	1,100	770	92.0	27	Jan 14, 2025	J-GAAP
Revision Rate	+13.6%	+10.0%	+10.0%	+10.0%	+10.0%

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	5,428	397	423	303	36.5	10	Apr 12, 2024	J-GAAP
Sep - Feb, 2024 Guidance	6,176	515	510	353	42.2	17	Jan 14, 2025	J-GAAP
YoY	+13.8%	+29.7%	+20.6%	+16.5%	+15.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	9,731	577	549	379	45.9	12	Apr 14, 2023	J-GAAP
Feb, 2024	10,612	992	1,073	755	91.0	17	Apr 12, 2024	J-GAAP
Feb, 2025 Guidance	12,500	1,100	1,100	770	92.0	27	Jan 14, 2025	J-GAAP
YoY	+17.8%	+10.9%	+2.5%	+2.0%	+1.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Sep - Nov, 2023	2,484	213	219	151	18.2	8.6	Jan 12, 2024	J-GAAP
Dec - Feb, 2023	2,944	184	204	152	18.3	6.3	Apr 12, 2024	J-GAAP
Mar - May, 2024	2,811	292	309	222	26.8	10.4	Jul 12, 2024	J-GAAP
Jun - Aug, 2024	3,513	293	281	195	23.5	8.3	Oct 11, 2024	J-GAAP
Sep - Nov, 2024	3,337	399	409	287	34.5	12.0	Jan 14, 2025	J-GAAP
YoY	+34.3%	+87.3%	+86.8%	+90.1%	+89.3%