SHIMIZU, Apr-Dec (Cumulative 3Q) Ordinary Profit Turns to Profit, Oct-Dec Ordinary Profit Turns to Profit

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Fri Jan 31, 2025 1:00 pm JST Earnings

1803 SHIMIZU CORPORATION 【J-GAAP】

Earnings Report

SHIMIZU CORPORATION <1803> [TSE Prime] announced its financial results in the afternoon session on January 31st (13:00). The consolidated ordinary profit/loss for the cumulative third quarter of the fiscal year ending March 2025 (April to December) turned into a profit of 41.2 billion yen (compared to a loss of 46.9 billion yen in the same period last year). The progress rate toward the full-year plan of 54 billion yen was 76.3%, also surpassing the five-year average of 64.6%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to significant drop 52.9% from the same period last year to 12.7 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit/loss turned to a profit of 22.5 billion yen (compared to a loss of 52.1 billion yen in the same period last year). The operating profit/loss margin drastically improved from -10.2% in the same period last year to 3.7%.

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
Apr - Dec, 2022	1,320,044	28,151	29,891	21,468	29.0	52.9	Jan 31, 2023	J-GAAP
Apr - Dec, 2023	1,448,513	-51,953	-46,997	-20,855	-28.5	ー	Feb 8, 2024	J-GAAP
Apr - Dec, 2024	1,327,922	35,726	41,204	40,569	58.0	76.3	Jan 31, 2025	J-GAAP
YoY	-8.3%	－	－	－	－

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	1,068,640	-24,850	-24,989	914	1.3	6.50	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	1,022,613	38,300	35,315	49,324	72.0	17.50	Nov 12, 2024	J-GAAP
YoY	-4.3%	－	－	+5,296.5%	+5,611.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	1,933,814	54,647	56,546	49,057	66.3	21	May 11, 2023	J-GAAP
Mar, 2024	2,005,518	-24,685	-19,834	17,163	23.6	20	May 13, 2024	J-GAAP
Mar, 2025 Guidance	1,860,000	56,000	54,000	60,000	87.6	35	Nov 12, 2024	J-GAAP
YoY	-7.3%	－	－	+249.6%	+271.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	511,635	-52,118	-52,152	-37,104	-50.7	-10.2	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	557,005	27,268	27,163	38,018	52.2	4.9	May 13, 2024	J-GAAP
Apr - Jun, 2024	401,022	1,769	6,081	2,408	3.4	0.4	Jul 30, 2024	J-GAAP
Jul - Sep, 2024	436,365	15,931	12,604	8,268	11.8	3.7	Nov 12, 2024	J-GAAP
Oct - Dec, 2024	490,535	18,026	22,519	29,893	42.7	3.7	Jan 31, 2025	J-GAAP
YoY	-4.1%	－	－	－	－