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SHIGEMATSU WORKS, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 72%, Oct-Dec Ordinary Profit Increases by 45%

Thu Feb 6, 2025 3:30 pm JST Earnings

7980 SHIGEMATSU WORKS CO.,LTD. 【J-GAAP】

Earnings Report

SHIGEMATSU WORKS CO.,LTD. <7980> [TSE Std] announced its financial results after the market closed on February 6th (15:30). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 494 million yen, an increase 71.5% compared to the same period last year. However, the progress rate toward the full-year plan of 960 million yen was 51.5%, also falling below the five-year average of 58.2%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the January to March period (4Q) is expected to decrease 9.0% from the same period last year to 466 million yen.

In the most recent three-month period, from October to December (3Q), the ordinary profit increased 44.7% from the same period last year, reaching 191 million yen. The operating profit margin improved from 3.6% in the same period last year to 6.1%.

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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 8,996 701 759 535 75.3 74.0 Feb 7, 2023 J-GAAP
Apr - Dec, 2023 8,753 262 288 193 27.2 36.0 Feb 6, 2024 J-GAAP
Apr - Dec, 2024 9,690 471 494 297 41.8 51.5 Feb 6, 2025 J-GAAP
YoY +10.7% +79.8% +71.5% +53.9% +53.7%

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 7,394 634 644 480 67.5 12.50 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 6,947 679 657 423 59.5 15 Nov 7, 2024 J-GAAP
YoY -6.0% +7.1% +2.0% -11.9% -11.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 12,875 965 1,025 748 105.2 15 May 12, 2023 J-GAAP
Mar, 2024 12,995 784 800 584 82.1 12.50 May 10, 2024 J-GAAP
Mar, 2025 Guidance 13,200 940 960 620 87.2 15 May 10, 2024 J-GAAP
YoY +1.6% +19.9% +20.0% +6.2% +6.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 3,152 112 132 89 12.5 3.6 Feb 6, 2024 J-GAAP
Jan - Mar, 2024 4,242 522 512 391 55.0 12.3 May 10, 2024 J-GAAP
Apr - Jun, 2024 2,971 180 189 128 18.1 6.1 Aug 2, 2024 J-GAAP
Jul - Sep, 2024 3,282 81 114 69 9.8 2.5 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 3,437 210 191 100 14.1 6.1 Feb 6, 2025 J-GAAP
YoY +9.0% +87.5% +44.7% +12.4% +12.2%

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