kabutan

SHINDEN HIGHTEX, The Current Fiscal Year Ordinary Profit Revised Downward by 34%

Mon Feb 10, 2025 3:00 pm JST Earnings

3131 SHINDEN HIGHTEX CORPORATION 【J-GAAP】

Earnings Report

SHINDEN HIGHTEX CORPORATION <3131> [TSE Std] announced its financial results in the afternoon session on February 10th (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 12.0% from the same period last year, reaching 0.51 billion yen.

However, the full-year consolidated ordinary profit has decreased 34.4%, from the previous forecast of 1.25 billion yen to 0.82 billion yen (compared to 0.49 billion yen in the previous period), leading to a reduction in the profit growth rate from 2.5 times to 64.3%.

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 51.9%, from the previous forecast of 0.82 billion yen to 0.39 billion yen (compared to 0.67 billion yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 41.1% decrease in profit.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit significantly dropped to 0.09 billion yen, a 85.3% decrease compared to the same period last year. The operating profit margin drastically worsened from 5.7% in the same period last year to 1.1%.

Kabutan News

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 33,564 1,997 1,150 794 394.1 88.3 Feb 8, 2023 J-GAAP
Apr - Dec, 2023 31,955 877 460 309 157.1 92.2 Feb 8, 2024 J-GAAP
Apr - Dec, 2024 32,602 817 515 353 181.4 62.8 Feb 10, 2025 J-GAAP
YoY +2.0% -6.8% +12.0% +14.2% +15.4%

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 21,837 1,001 829 559 296.5 125 Nov 11, 2024 J-GAAP
Oct - Mar, 2024 New 21,837 551 399 239 126.8 125 Feb 10, 2025 J-GAAP
Revision Rate 0.0% -45.0% -51.9% -57.2% -57.2%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 43,400 1,700 1,250 850 450.9 125 May 10, 2024 J-GAAP
Mar, 2025 New 43,400 1,250 820 530 281.1 125 Feb 10, 2025 J-GAAP
Revision Rate 0.0% -26.5% -34.4% -37.6% -37.6%

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 22,126 978 677 426 216.3 60 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 21,837 551 399 239 126.8 125 Feb 10, 2025 J-GAAP
YoY -1.3% -43.7% -41.1% -43.9% -41.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 41,924 2,242 1,302 897 448.8 135 May 11, 2023 J-GAAP
Mar, 2024 42,285 1,184 499 292 148.3 60 May 10, 2024 J-GAAP
Mar, 2025 Guidance 43,400 1,250 820 530 281.1 125 Feb 10, 2025 J-GAAP
YoY +2.6% +5.6% +64.3% +81.5% +89.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 11,796 671 638 443 225.2 5.7 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 10,330 307 39 -17 -8.6 3.0 May 10, 2024 J-GAAP
Apr - Jun, 2024 9,525 227 -18 -4 -2.1 2.4 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 12,038 472 439 295 149.5 3.9 Nov 11, 2024 J-GAAP
Oct - Dec, 2024 11,039 118 94 62 31.9 1.1 Feb 10, 2025 J-GAAP
YoY -6.4% -82.4% -85.3% -86.0% -85.9%

Related Articles