SAFTEC, The Current Fiscal Year Ordinary Profit Revised Downward to an Unexpected 20% Decrease

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Fri Jan 31, 2025 3:10 pm JST Earnings

7464 SAFTEC CO.,LTD. 【J-GAAP】

Earnings Report

SAFTEC CO.,LTD. <7464> [TSE Std] announced its financial results in the afternoon session on January 31st (15:10). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 29.8% from the same period last year to 299 million yen.

In addition, the full-year consolidated ordinary profit has decreased 27.5%, from the previous forecast of 600 million yen to 435 million yen (compared to 547 million yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 20.5% decrease in profit.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) has decreased 33.3%, from the previous forecast of 495 million yen to 330 million yen (compared to 375 million yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 12.0% decrease in profit.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 194 million yen, a 23.6% decrease compared to the same period last year. The operating profit margin worsened from 8.8% in the same period last year to 6.8%.

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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	7,719	733	732	472	246.6	83.8	Jan 31, 2023	J-GAAP
Apr - Dec, 2023	7,790	415	426	254	140.3	77.9	Jan 31, 2024	J-GAAP
Apr - Dec, 2024	7,995	296	299	173	97.7	68.7	Jan 31, 2025	J-GAAP
YoY	+2.6%	-28.7%	-29.8%	-31.9%	-30.4%

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	5,157	484	495	364	205.0	85	Oct 31, 2024	J-GAAP
Oct - Mar, 2024 New	5,157	325	330	256	144.2	85	Jan 31, 2025	J-GAAP
Revision Rate	0.0%	-32.9%	-33.3%	-29.7%	-29.7%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	10,333	588	600	395	222.5	85	May 9, 2024	J-GAAP
Mar, 2025 New	10,333	429	435	287	161.7	85	Jan 31, 2025	J-GAAP
Revision Rate	0.0%	-27.0%	-27.5%	-27.3%	-27.3%

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	5,176	371	375	244	135.2	85	May 9, 2024	J-GAAP
Oct - Mar, 2024 Guidance	5,157	325	330	256	144.2	85	Jan 31, 2025	J-GAAP
YoY	-0.4%	-12.4%	-12.0%	+4.9%	+6.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	9,967	874	874	575	300.6	85	May 9, 2023	J-GAAP
Mar, 2024	10,123	535	547	346	191.8	85	May 9, 2024	J-GAAP
Mar, 2025 Guidance	10,333	429	435	287	161.7	85	Jan 31, 2025	J-GAAP
YoY	+2.1%	-19.8%	-20.5%	-17.1%	-15.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	2,843	251	254	152	83.9	8.8	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	2,333	120	121	92	51.0	5.1	May 9, 2024	J-GAAP
Apr - Jun, 2024	2,544	-15	-14	-40	-22.5	-0.6	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	2,632	119	119	71	40.5	4.5	Oct 31, 2024	J-GAAP
Oct - Dec, 2024	2,819	192	194	142	80.2	6.8	Jan 31, 2025	J-GAAP
YoY	-0.8%	-23.5%	-23.6%	-6.6%	-4.5%