SUIDO KIKO KAISHA, The Current Fiscal Year Net Income Revised Downward to an Unexpected 18% Decrease

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Thu Feb 6, 2025 4:30 pm JST Earnings

6403 SUIDO KIKO KAISHA,LTD 【J-GAAP】

Earnings Report

SUIDO KIKO KAISHA,LTD <6403> [TSE Std] announced its financial results after the market closed on February 6th (16:30). The consolidated net loss for the cumulative third quarter of the fiscal year ending March 2025 (April to December) was a reduced loss of 0.22 billion yen (compared to a loss of 0.68 billion yen in the same period last year).

However, the full-year consolidated net income has decreased 57.1%, from the previous forecast of 0.7 billion yen to 0.3 billion yen (compared to 0.36 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 18.3% decrease in profit.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated net income for the October to March period (2H) has decreased 46.2%, from the previous forecast of 0.86 billion yen to 0.46 billion yen (compared to 1.09 billion yen in the same period of the previous year), leading to an increase in the profit decline rate from 21.3% to 57.7%.

In the most recent three-month period, from October to December (3Q), the consolidated net income/loss turned to a loss of 0.05 billion yen (compared to a profit of 0.05 billion yen in the same period last year). The operating profit margin drastically worsened from 6.5% in the same period last year to 3.2%.

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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	13,710	-308	-588	-363	-84.7	ー	Feb 7, 2023	J-GAAP
Apr - Dec, 2023	12,215	-523	-796	-681	-158.9	ー	Feb 8, 2024	J-GAAP
Apr - Dec, 2024	15,693	-583	-400	-220	-51.4	ー	Feb 6, 2025	J-GAAP
YoY	+28.5%	-11.5%	+49.7%	+67.7%	+67.7%

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	18,086	1,886	1,366	865	202.0	55	Nov 7, 2024	J-GAAP
Oct - Mar, 2024 New	19,576	2,086	1,366	465	108.6	55	Feb 6, 2025	J-GAAP
Revision Rate	+8.2%	+10.6%	0.0%	-46.2%	-46.2%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	27,350	1,100	1,100	700	163.5	55	May 9, 2024	J-GAAP
Mar, 2025 New	28,840	1,300	1,100	300	70.1	55	Feb 6, 2025	J-GAAP
Revision Rate	+5.4%	+18.2%	0.0%	-57.1%	-57.1%

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	14,530	1,306	1,548	1,099	256.8	55	May 9, 2024	J-GAAP
Oct - Mar, 2024 Guidance	19,576	2,086	1,366	465	108.6	55	Feb 6, 2025	J-GAAP
YoY	+34.7%	+59.7%	-11.8%	-57.7%	-57.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	21,929	761	409	273	63.9	55	May 11, 2023	J-GAAP
Mar, 2024	21,634	450	661	367	85.7	55	May 9, 2024	J-GAAP
Mar, 2025 Guidance	28,840	1,300	1,100	300	70.1	55	Feb 6, 2025	J-GAAP
YoY	+33.3%	+188.9%	+66.4%	-18.3%	-18.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	5,111	333	91	51	11.9	6.5	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	9,419	973	1,457	1,048	244.8	10.3	May 9, 2024	J-GAAP
Apr - Jun, 2024	4,018	-618	-499	-249	-58.2	-15.4	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	5,246	-168	233	84	19.7	-3.2	Nov 7, 2024	J-GAAP
Oct - Dec, 2024	6,429	203	-134	-55	-12.9	3.2	Feb 6, 2025	J-GAAP
YoY	+25.8%	-39.0%	－	－	－