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SOHGO SECURITY SERVICES, Oct-Dec (3Q) Ordinary Profit Increases by 20%

Tue Feb 4, 2025 3:30 pm JST Earnings

2331 ALSOK CO.,LTD. 【J-GAAP】

Earnings Report

SOHGO SECURITY SERVICES CO.,LTD. <2331> [TSE Prime] announced its financial results after the market closed on February 4th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) was 28.8 billion yen, a 1.6% decrease compared to the same period last year. The progress rate toward the full-year plan of 43.1 billion yen was 66.9%, also falling below the five-year average of 70.8%.

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 grow 10.9% from the same period last year, reaching 14.2 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 19.6% from the same period last year, reaching 11.8 billion yen. The operating profit margin improved from 6.9% in the same period last year to 8.0%.

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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 357,817 23,915 25,769 15,247 31.2 67.5 Jan 31, 2023 J-GAAP
Apr - Dec, 2023 378,990 26,234 28,545 17,920 35.6 69.3 Jan 31, 2024 J-GAAP
Apr - Dec, 2024 400,501 26,070 28,308 17,160 35.0 65.7 Feb 4, 2025 J-GAAP
YoY +5.7% -0.6% -0.8% -4.2% -1.7%

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 275,021 20,755 22,265 15,125 30.1 15 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 286,720 25,042 26,452 17,748 36.6 12.40 Nov 6, 2024 J-GAAP
YoY +4.3% +20.7% +18.8% +17.3% +21.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 492,226 35,961 38,198 23,234 45.9 17.20 May 12, 2023 J-GAAP
Mar, 2024 521,400 38,078 41,169 26,630 53.0 23.70 May 14, 2024 J-GAAP
Mar, 2025 Guidance 550,000 40,300 43,100 27,600 56.9 24.80 May 14, 2024 J-GAAP
YoY +5.5% +5.8% +4.7% +3.6% +7.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 132,611 8,911 9,641 6,415 12.7 6.7 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 142,410 11,844 12,624 8,710 17.3 8.3 May 14, 2024 J-GAAP
Apr - Jun, 2024 129,011 7,094 7,724 4,168 8.4 5.5 Aug 6, 2024 J-GAAP
Jul - Sep, 2024 134,269 8,164 8,924 5,684 11.5 6.1 Nov 6, 2024 J-GAAP
Oct - Dec, 2024 137,221 10,812 11,660 7,308 14.9 7.9 Feb 4, 2025 J-GAAP
YoY +3.5% +21.3% +20.9% +13.9% +17.0%

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