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SANKO METAL INDUSTRIAL, The Current Fiscal Year Ordinary Profit Revised Upward to an Unexpected 5% Increase, Dividend Revised Upward by 160 yen

Thu Jan 30, 2025 3:00 pm JST Earnings

1972 SANKO METAL INDUSTRIAL CO.,LTD. 【J-GAAP】

Earnings Report

SANKO METAL INDUSTRIAL CO.,LTD. <1972> [TSE Std] announced its financial results in the afternoon session on January 30th (15:00). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 14.2% from the same period last year, reaching 2.88 billion yen.

In addition, the full-year ordinary profit has been revised upward 11.4%, from the previous forecast of 3.5 billion yen to 3.9 billion yen (compared to 3.7 billion yen in the previous period), turning to a 5.1% increase in the ordinary profit outlook.

Based on the full-year plan announced by the company after the upward revision, our estimate of the ordinary profit for the October to March period (2H) is expected to increase 20.9%, from the previous forecast of 1.91 billion yen to 2.31 billion yen (compared to 2.14 billion yen in the same period of the previous year), turning to a 8.0% increase in the ordinary profit outlook.

In light of the strong performance, the company has significantly increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 190 yen to 350 yen (compared to 200 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the ordinary profit increased 35.3% from the same period last year, reaching 1.3 billion yen. The operating profit margin improved from 9.1% in the same period last year to 10.7%.

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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
Apr - Dec, 2022 28,893 2,384 2,377 1,642 85.2 70.6 Jan 27, 2023 J-GAAP
Apr - Dec, 2023 31,071 2,531 2,530 1,726 89.6 68.2 Jan 26, 2024 J-GAAP
Apr - Dec, 2024 33,096 2,862 2,888 1,978 102.6 74.1 Jan 30, 2025 J-GAAP
YoY +6.5% +13.1% +14.2% +14.6% +14.6%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Prev 24,084 1,917 1,912 1,361 70.6 38 Oct 28, 2024 J-GAAP
Oct - Mar, 2024 New 24,084 2,307 2,312 1,601 83.0 70 Jan 30, 2025 J-GAAP
Revision Rate 0.0% +20.3% +20.9% +17.6% +17.6%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 45,000 3,480 3,500 2,460 127.6 38 Apr 26, 2024 J-GAAP
Mar, 2025 New 45,000 3,870 3,900 2,700 140.1 70 Jan 30, 2025 J-GAAP
Revision Rate 0.0% +11.2% +11.4% +9.8% +9.7%

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 22,420 2,142 2,140 1,532 79.5 40 Apr 26, 2024 J-GAAP
Oct - Mar, 2024 Guidance 24,084 2,307 2,312 1,601 83.0 70 Jan 30, 2025 J-GAAP
YoY +7.4% +7.7% +8.0% +4.5% +4.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 39,797 3,375 3,366 2,372 123.1 37 Apr 27, 2023 J-GAAP
Mar, 2024 42,914 3,711 3,709 2,593 134.5 40 Apr 26, 2024 J-GAAP
Mar, 2025 Guidance 45,000 3,870 3,900 2,700 140.1 70 Jan 30, 2025 J-GAAP
YoY +4.9% +4.3% +5.1% +4.1% +4.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 10,577 962 961 665 34.5 9.1 Jan 26, 2024 J-GAAP
Jan - Mar, 2024 11,843 1,180 1,179 867 45.0 10.0 Apr 26, 2024 J-GAAP
Apr - Jun, 2024 8,381 1 25 6 0.3 0.0 Jul 26, 2024 J-GAAP
Jul - Sep, 2024 12,535 1,562 1,563 1,093 56.7 12.5 Oct 28, 2024 J-GAAP
Oct - Dec, 2024 12,180 1,299 1,300 879 45.6 10.7 Jan 30, 2025 J-GAAP
YoY +15.2% +35.0% +35.3% +32.2% +32.2%

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