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SATORI ELECTRIC, First Half Ordinary Profit Decreases by 15%, Sep-Nov Ordinary Profit Decreases by 27%

Tue Jan 14, 2025 3:30 pm JST Earnings

7420 SATORI ELECTRIC CO.,LTD. 【J-GAAP】

Earnings Report

SATORI ELECTRIC CO.,LTD. <7420> [TSE Prime] announced its financial results after the market closed on January 14th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending May 2025 (June to November) decreased 14.5% from the same period last year to 1.66 billion yen. The progress rate toward the full-year plan of 3.5 billion yen was 47.5%, also falling below the five-year average of 56.6%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the December to May period (2H) is expected to grow 7.6% from the same period last year, reaching 1.83 billion yen.

In the most recent three-month period, from September to November (2Q), the consolidated ordinary profit decreased to 0.87 billion yen, a 27.4% decrease compared to the same period last year. The operating profit margin worsened from 4.0% in the same period last year to 2.5%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jun - Nov, 2022 75,282 2,589 2,093 1,591 96.7 73.0 Jan 13, 2023 J-GAAP
Jun - Nov, 2023 74,148 2,679 1,947 1,277 87.3 53.3 Jan 15, 2024 J-GAAP
Jun - Nov, 2024 77,800 2,087 1,664 1,145 79.9 47.5 Jan 14, 2025 J-GAAP
YoY +4.9% -22.1% -14.5% -10.3% -8.5%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun - Nov, 2024 Guidance 75,000 2,000 1,600 1,200 83.8 40 Jul 12, 2024 J-GAAP
Jun - Nov, 2024 Results 77,800 2,087 1,664 1,145 79.9 40 Jan 14, 2025 J-GAAP
Revision Rate +3.7% +4.4% +4.0% -4.6% -4.6%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec - May, 2023 73,965 2,076 1,706 879 60.7 50 Jul 12, 2024 J-GAAP
Dec - May, 2024 Guidance 76,200 2,213 1,836 1,355 94.4 46 Jan 14, 2025 J-GAAP
YoY +3.0% +6.6% +7.6% +54.2% +55.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May, 2023 146,336 3,791 2,867 2,257 137.2 70 Jul 13, 2023 J-GAAP
May, 2024 148,113 4,755 3,653 2,156 148.9 80 Jul 12, 2024 J-GAAP
May, 2025 Guidance 154,000 4,300 3,500 2,500 174.2 86 Jul 12, 2024 J-GAAP
YoY +4.0% -9.6% -4.2% +16.0% +17.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Sep - Nov, 2023 38,849 1,563 1,206 878 60.0 4.0 Jan 15, 2024 J-GAAP
Dec - Feb, 2023 33,209 833 609 382 26.3 2.5 Apr 11, 2024 J-GAAP
Mar - May, 2024 40,756 1,243 1,097 497 34.3 3.0 Jul 12, 2024 J-GAAP
Jun - Aug, 2024 38,248 1,083 774 399 27.9 2.8 Oct 11, 2024 J-GAAP
Sep - Nov, 2024 39,552 1,004 890 746 52.1 2.5 Jan 14, 2025 J-GAAP
YoY +1.8% -35.8% -26.2% -15.0% -13.3%

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