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SONOCOM, The Current Fiscal Year Ordinary Profit Revised Upward by 25%

Mon Feb 10, 2025 3:30 pm JST Earnings

7902 SONOCOM CO.,LTD. 【J-GAAP】

Earnings Report

SONOCOM CO.,LTD. <7902> [TSE Std] announced its financial results after the market closed on February 10th (15:30). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 17.6% from the same period last year to 271 million yen.

However, the full-year ordinary profit has been revised upward 25.0%, from the previous forecast of 200 million yen to 250 million yen (compared to 380 million yen in the previous period), and the declining rate is expected to decrease from 47.4% to 34.2%.

Based on the full-year plan announced by the company after the upward revision, our estimate of the ordinary profit for the October to March period (2H) has been revised upward 2.9 times, from the previous forecast of 27 million yen to 77 million yen (compared to 77 million yen in the same period of the previous year), and the declining rate is expected to decrease from 64.9% to 0.000%.

In the most recent three-month period, from October to December (3Q), the ordinary profit surged 3.8 times that of the same period last year, reaching 98 million yen. The operating profit margin improved from 4.1% in the same period last year to 5.7%.

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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 1,735 226 321 157 43.2 95.8 Feb 10, 2023 J-GAAP
Apr - Dec, 2023 1,601 126 329 218 61.0 86.6 Feb 9, 2024 J-GAAP
Apr - Dec, 2024 1,797 144 271 174 48.6 108.4 Feb 10, 2025 J-GAAP
YoY +12.2% +14.3% -17.6% -20.2% -20.3%

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 1,065 44 27 29 8.0 12 Nov 11, 2024 J-GAAP
Oct - Mar, 2024 New 1,165 44 77 59 16.3 12 Feb 10, 2025 J-GAAP
Revision Rate +9.4% 0.0% +185.2% +103.4% +103.4%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 2,200 150 200 140 38.8 12 May 13, 2024 J-GAAP
Mar, 2025 New 2,300 150 250 170 47.1 12 Feb 10, 2025 J-GAAP
Revision Rate +4.5% 0.0% +25.0% +21.4% +21.4%

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 1,044 32 77 34 9.5 12 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 1,165 44 77 59 16.3 12 Feb 10, 2025 J-GAAP
YoY +11.6% +37.5% 0.0% +73.5% +71.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 2,238 228 335 167 46.1 10 May 12, 2023 J-GAAP
Mar, 2024 2,134 137 380 240 67.2 12 May 13, 2024 J-GAAP
Mar, 2025 Guidance 2,300 150 250 170 47.1 12 Feb 10, 2025 J-GAAP
YoY +7.8% +9.5% -34.2% -29.2% -30.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 511 21 26 12 3.4 4.1 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 533 11 51 22 6.2 2.1 May 13, 2024 J-GAAP
Apr - Jun, 2024 568 49 99 64 18.1 8.6 Aug 13, 2024 J-GAAP
Jul - Sep, 2024 567 57 74 47 13.1 10.1 Nov 11, 2024 J-GAAP
Oct - Dec, 2024 662 38 98 63 17.6 5.7 Feb 10, 2025 J-GAAP
YoY +29.5% +81.0% +276.9% +425.0% +423.8%

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