Shochiku, The Current Fiscal Year Operating Profit Revised Downward to a Loss

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Tue Jan 14, 2025 2:00 pm JST Earnings

9601 Shochiku Co;Ltd. 【J-GAAP】

Earnings Report

Shochiku Co;Ltd. <9601> [TSE Prime] announced its financial results in the afternoon session on January 14th (14:00). The consolidated operating profit for the cumulative third quarter of the fiscal year ending February 2025 (March to November) significantly dropped 96.0% from the same period last year to 0.07 billion yen.

In addition, the full-year consolidated operating profit/loss has been revised downward from an expected profit of 1 billion yen to a loss of 0.94 billion yen (compared to a profit of 3.58 billion yen in the previous period), turning to a loss outlook.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated operating profit/loss for the September to February period (2H) has been revised downward from an expected profit of 0.28 billion yen to a loss of 1.65 billion yen (compared to a profit of 1.23 billion yen in the same period of the previous year), turning to a loss outlook.

In the most recent three-month period, from September to November (3Q), the consolidated operating loss expanded to a loss of 0.64 billion yen (compared to a loss of 0.5 billion yen in the same period last year). The operating profit/loss margin worsened from -2.6% in the same period last year to -3.2%.

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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	57,596	-1,166	1,158	6,258	455.6	85.2	Jan 13, 2023	J-GAAP
Mar - Nov, 2023	62,464	1,848	847	2,505	182.4	29.6	Jan 12, 2024	J-GAAP
Mar - Nov, 2024	59,420	74	-4,196	-1,018	-74.1	ー	Jan 14, 2025	J-GAAP
YoY	-4.9%	-96.0%	－	－	－

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	47,113	285	298	101	7.4	30	Oct 11, 2024	J-GAAP
Sep - Feb, 2024 New	42,813	-1,655	-1,792	-1,189	-86.5	30	Jan 14, 2025	J-GAAP
Revision Rate	-9.1%	－	－	－	－

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2025 Prev	86,700	1,000	-2,850	-580	-42.2	30	Oct 11, 2024	J-GAAP
Feb, 2025 New	82,400	-940	-4,940	-1,870	-136.1	30	Jan 14, 2025	J-GAAP
Revision Rate	-5.0%	－	-73.3%	-222.4%	-222.4%

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	42,529	1,234	1,201	-299	-21.8	30	Apr 15, 2024	J-GAAP
Sep - Feb, 2024 Guidance	42,813	-1,655	-1,792	-1,189	-86.5	30	Jan 14, 2025	J-GAAP
YoY	+0.7%	－	－	-297.7%	-297.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	78,212	-776	1,359	5,484	399.3	30	Apr 14, 2023	J-GAAP
Feb, 2024	85,428	3,584	2,866	3,016	219.6	30	Apr 15, 2024	J-GAAP
Feb, 2025 Guidance	82,400	-940	-4,940	-1,870	-136.1	30	Jan 14, 2025	J-GAAP
YoY	-3.5%	－	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Sep - Nov, 2023	19,565	-502	-818	-810	-59.0	-2.6	Jan 12, 2024	J-GAAP
Dec - Feb, 2023	22,964	1,736	2,019	511	37.2	7.6	Apr 15, 2024	J-GAAP
Mar - May, 2024	19,483	346	4	-88	-6.4	1.8	Jul 12, 2024	J-GAAP
Jun - Aug, 2024	20,104	369	-3,152	-593	-43.2	1.8	Oct 11, 2024	J-GAAP
Sep - Nov, 2024	19,833	-641	-1,048	-337	-24.5	-3.2	Jan 14, 2025	J-GAAP
YoY	+1.4%	-27.7%	-28.1%	+58.4%	+58.4%