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SWCC, The Current Fiscal Year Ordinary Profit Revised Downward to an Unexpected 14% Decrease

Fri Feb 7, 2025 2:30 pm JST Earnings

5805 SWCC Corporation 【J-GAAP】

Earnings Report

SWCC Corporation <5805> [TSE Prime] announced its financial results in the afternoon session on February 7th (14:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 22.7% from the same period last year to 7.08 billion yen.

In addition, the full-year consolidated ordinary profit has decreased 38.2%, from the previous forecast of 17 billion yen to 10.5 billion yen (compared to 12.2 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 14.0% decrease in profit.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) has decreased 65.6%, from the previous forecast of 9.9 billion yen to 3.4 billion yen (compared to 7.74 billion yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 56.0% decrease in profit.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit/loss turned to a loss of 0 billion yen (compared to a profit of 4.7 billion yen in the same period last year). However, the operating profit margin improved from 8.1% in the same period last year to 10.3%.

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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 158,048 7,084 6,884 6,414 214.7 66.2 Feb 3, 2023 J-GAAP
Apr - Dec, 2023 158,505 9,349 9,176 6,326 212.1 75.1 Feb 2, 2024 J-GAAP
Apr - Dec, 2024 178,234 16,660 7,089 7,748 262.2 67.5 Feb 7, 2025 J-GAAP
YoY +12.4% +78.2% -22.7% +22.5% +23.6%

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 116,622 10,084 9,906 6,421 217.2 70 Nov 12, 2024 J-GAAP
Oct - Mar, 2024 New 116,622 10,084 3,406 6,421 217.2 70 Feb 7, 2025 J-GAAP
Revision Rate 0.0% 0.0% -65.6% 0.0% 0.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 234,000 20,500 17,000 10,000 338.2 120 Nov 12, 2024 J-GAAP
Mar, 2025 New 234,000 20,500 10,500 10,000 338.2 120 Feb 7, 2025 J-GAAP
Revision Rate 0.0% 0.0% -38.2% 0.0% 0.0%

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 115,475 8,361 7,744 5,547 186.5 55 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 116,622 10,084 3,406 6,421 217.2 70 Feb 7, 2025 J-GAAP
YoY +1.0% +20.6% -56.0% +15.8% +16.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 209,111 10,474 10,393 9,410 315.0 60 May 12, 2023 J-GAAP
Mar, 2024 213,904 12,824 12,213 8,838 297.1 90 May 13, 2024 J-GAAP
Mar, 2025 Guidance 234,000 20,500 10,500 10,000 338.2 120 Feb 7, 2025 J-GAAP
YoY +9.4% +59.9% -14.0% +13.1% +13.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 60,076 4,886 4,707 3,035 101.8 8.1 Feb 2, 2024 J-GAAP
Jan - Mar, 2024 55,399 3,475 3,037 2,512 84.5 6.3 May 13, 2024 J-GAAP
Apr - Jun, 2024 56,943 4,867 4,630 2,929 99.2 8.5 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 60,435 5,549 2,464 650 22.0 9.2 Nov 12, 2024 J-GAAP
Oct - Dec, 2024 60,856 6,244 -5 4,169 141.1 10.3 Feb 7, 2025 J-GAAP
YoY +1.3% +27.8% +37.4% +38.6%

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