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Sanyo Engineering & Construction, First Half Ordinary Profit Turns to Profit

Wed Jan 15, 2025 6:00 pm JST Earnings

1960 Sanyo Engineering & Construction Inc. 【J-GAAP】

Earnings Report

Sanyo Engineering & Construction Inc. <1960> [TSE Std] announced its financial results after the market closed on January 15th (18:00). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a profit of 0.95 billion yen (compared to a loss of 0.32 billion yen in the same period last year), exceeded the previous forecast of 0.6 billion yen.

The progress rate toward the full-year plan of 1.5 billion yen was 63.6%, also surpassing the five-year average of 16.0%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the October to March period (2H) is expected to turn into a profit of 0.54 billion yen (compared to a loss of 0.33 billion yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged 2.7 times that of the same period last year, reaching 0.41 billion yen. The operating profit/loss margin significantly improved from -1.1% in the same period last year to 2.6%.

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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
Apr - Sep, 2022 15,960 -1,284 -633 -482 -33.0 ー Nov 7, 2022 J-GAAP
Apr - Sep, 2023 22,571 -762 -324 -404 -25.0 ー Nov 6, 2023 J-GAAP
Apr - Sep, 2024 27,715 666 954 401 26.2 63.6 Jan 15, 2025 J-GAAP
YoY +22.8% － － － －

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Guidance 26,000 300 600 400 26.1 － May 27, 2024 J-GAAP
Apr - Sep, 2024 Results 27,715 666 954 401 26.2 － Jan 15, 2025 J-GAAP
Revision Rate +6.6% +122.0% +59.0% +0.3% +0.4%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2023 28,160 -514 -476 -367 -23.1 30 May 27, 2024 J-GAAP
Oct - Mar, 2024 Guidance 26,285 234 546 499 32.5 30 Jan 15, 2025 J-GAAP
YoY -6.7% － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 38,877 -827 -323 479 29.4 30 May 10, 2023 J-GAAP
Mar, 2024 50,731 -1,276 -800 -771 -48.6 30 May 27, 2024 J-GAAP
Mar, 2025 Guidance 54,000 900 1,500 900 58.6 30 May 27, 2024 J-GAAP
YoY +6.4% － － － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 11,558 -128 156 143 8.9 -1.1 Nov 6, 2023 J-GAAP
Oct - Dec, 2023 12,002 -769 -611 -465 -27.7 -6.4 Feb 5, 2024 J-GAAP
Jan - Mar, 2024 16,158 255 135 98 6.2 1.6 May 27, 2024 J-GAAP
Apr - Jun, 2024 13,556 296 536 379 24.7 2.2 Jan 15, 2025 J-GAAP
Jul - Sep, 2024 14,159 370 418 22 1.4 2.6 Jan 15, 2025 J-GAAP
YoY +22.5% － +167.9% -84.6% -83.9%

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