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Sumitomo Warehouse, Oct-Dec (3Q) Ordinary Profit Increases by 6%

Wed Feb 5, 2025 1:20 pm JST Earnings

9303 The Sumitomo Warehouse Co.,Ltd. 【J-GAAP】

Earnings Report

The Sumitomo Warehouse Co.,Ltd. <9303> [TSE Prime] announced its financial results in the afternoon session on February 5th (13:20). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) was 14.2 billion yen, a 1.2% increase compared to the same period last year. The progress rate toward the full-year plan of 16.8 billion yen was 84.6%, also surpassing the five-year average of 79.5%.

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 for the January to March period (4Q) is expected to decrease 9.0% from the same period last year to 2.59 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 6.3% from the same period last year, reaching 5.93 billion yen. However, the operating profit margin remained almost flat, changing from 7.9% in the same period last year to 7.7%.

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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 177,863 22,286 25,420 19,118 238.8 87.3 Feb 7, 2023 J-GAAP
Apr - Dec, 2023 140,734 10,283 14,031 9,216 116.4 83.1 Feb 7, 2024 J-GAAP
Apr - Dec, 2024 143,753 10,124 14,206 9,275 118.7 84.6 Feb 5, 2025 J-GAAP
YoY +2.1% -1.5% +1.2% +0.6% +1.9%

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 91,129 6,646 8,428 7,002 88.6 50.50 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 96,514 6,932 8,524 14,043 181.7 52.50 Jan 31, 2025 J-GAAP
YoY +5.9% +4.3% +1.1% +100.6% +105.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 223,948 26,090 29,115 22,455 281.1 100 May 12, 2023 J-GAAP
Mar, 2024 184,661 13,187 16,880 12,490 158.0 101 May 10, 2024 J-GAAP
Mar, 2025 Guidance 191,800 13,300 16,800 19,200 248.4 103 Jan 31, 2025 J-GAAP
YoY +3.9% +0.9% -0.5% +53.7% +57.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 47,202 3,742 5,579 3,728 47.1 7.9 Feb 7, 2024 J-GAAP
Jan - Mar, 2024 43,927 2,904 2,849 3,274 41.4 6.6 May 10, 2024 J-GAAP
Apr - Jun, 2024 46,396 3,194 5,114 3,273 41.7 6.9 Aug 6, 2024 J-GAAP
Jul - Sep, 2024 48,890 3,174 3,162 1,884 24.1 6.5 Nov 7, 2024 J-GAAP
Oct - Dec, 2024 48,467 3,756 5,930 4,118 52.7 7.7 Feb 5, 2025 J-GAAP
YoY +2.7% +0.4% +6.3% +10.5% +11.8%

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