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Shinko Shoji, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 64%, Exceeds Full-Year Plan

Fri Jan 31, 2025 3:30 pm JST Earnings

8141 Shinko Shoji Co.,Ltd. 【J-GAAP】

Earnings Report

Shinko Shoji Co.,Ltd. <8141> [TSE Prime] announced its financial results after the market closed on January 31st (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) significantly dropped 63.6% from the same period last year to 1.72 billion yen. The progress rate toward the full-year plan of 1.6 billion yen is 107.9%, already exceeding the target and also exceeding the five-year average of 68.5%.

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/loss for the January to March period (4Q) is expected to turn into a loss of 0.12 billion yen (compared to a profit of 0.01 billion yen in the same period last year).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit significantly dropped to 0.55 billion yen, a 59.1% decrease compared to the same period last year. The operating profit margin worsened from 3.8% in the same period last year to 1.2%.

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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 133,174 5,280 5,211 3,493 101.3 76.2 Feb 13, 2023 J-GAAP
Apr - Dec, 2023 133,208 4,878 4,751 3,212 97.1 99.6 Jan 31, 2024 J-GAAP
Apr - Dec, 2024 92,905 1,686 1,727 1,040 31.7 107.9 Jan 31, 2025 J-GAAP
YoY -30.3% -65.4% -63.6% -67.6% -67.3%

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 82,218 1,490 1,381 927 28.0 22 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 47,117 442 431 675 22.7 8 Oct 31, 2024 J-GAAP
YoY -42.7% -70.3% -68.8% -27.2% -19.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 179,076 7,128 6,841 4,706 137.8 69 May 15, 2023 J-GAAP
Mar, 2024 175,847 4,878 4,768 3,194 96.5 48.50 May 15, 2024 J-GAAP
Mar, 2025 Guidance 112,000 1,800 1,600 1,000 33.6 15.50 Oct 31, 2024 J-GAAP
YoY -36.3% -63.1% -66.4% -68.7% -65.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 39,579 1,490 1,364 945 28.6 3.8 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 42,639 0 17 -18 -0.5 0.0 May 15, 2024 J-GAAP
Apr - Jun, 2024 32,574 747 953 321 9.7 2.3 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 32,309 611 216 4 0.1 1.9 Oct 31, 2024 J-GAAP
Oct - Dec, 2024 28,022 328 558 715 21.8 1.2 Jan 31, 2025 J-GAAP
YoY -29.2% -78.0% -59.1% -24.3% -23.6%

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