kabutan

Skymark Airlines, The Current Fiscal Year Ordinary Profit Revised Downward by 58%

Mon Feb 10, 2025 3:30 pm JST Earnings

9204 Skymark Airlines Inc. 【J-GAAP】

Earnings Report

Skymark Airlines Inc. <9204> [TSE Growth] 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) significantly dropped 68.2% from the same period last year to 2.03 billion yen.

In addition, the full-year ordinary profit has decreased 58.3%, from the previous forecast of 3.6 billion yen to 1.5 billion yen (compared to 7.46 billion yen in the previous period), leading to an increase in the profit decline rate from 51.8% to 79.9%.

Based on the full-year plan announced by the company after the downward revision, our estimate of the ordinary profit for the October to March period (2H) has decreased 59.9%, from the previous forecast of 3.5 billion yen to 1.4 billion yen (compared to 1.48 billion yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 5.4% decrease in profit.

At the same time, the year-end lump-sum dividend remains undecided.

In the most recent three-month period, from October to December (3Q), the ordinary profit surged 4.4 times that of the same period last year, reaching 1.94 billion yen. However, the operating profit/loss margin drastically worsened from 8.1% in the same period last year to -2.3%.

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 62,577 3,401 3,656 1,876 39.0 98.5 Feb 3, 2023 J-GAAP
Apr - Dec, 2023 78,210 5,289 6,418 3,590 59.5 86.0 Feb 9, 2024 J-GAAP
Apr - Dec, 2024 81,736 1,695 2,038 2,663 45.1 135.9 Feb 10, 2025 J-GAAP
YoY +4.5% -68.0% -68.2% -25.8% -24.3%

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 57,712 1,176 3,505 4,790 79.5 － Nov 11, 2024 J-GAAP
Oct - Mar, 2024 New 53,012 -1,724 1,405 2,090 34.7 － Feb 10, 2025 J-GAAP
Revision Rate -8.1% － -59.9% -56.4% -56.4%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 112,200 3,500 3,600 4,200 69.7 － May 15, 2024 J-GAAP
Mar, 2025 New 107,500 600 1,500 1,500 24.9 － Feb 10, 2025 J-GAAP
Revision Rate -4.2% -82.9% -58.3% -64.3% -64.3%

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 52,040 1,488 1,485 -321 -5.4 29 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 53,012 -1,724 1,405 2,090 34.7 － Feb 10, 2025 J-GAAP
YoY +1.9% － -5.4% － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 84,661 3,453 3,713 5,726 111.9 5 May 15, 2023 J-GAAP
Mar, 2024 104,075 4,668 7,463 2,997 49.9 29 May 15, 2024 J-GAAP
Mar, 2025 Guidance 107,500 600 1,500 1,500 24.9 － Feb 10, 2025 J-GAAP
YoY +3.3% -87.1% -79.9% -49.9% -50.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 26,175 2,109 440 272 4.5 8.1 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 25,865 -621 1,045 -593 -9.9 -2.4 May 15, 2024 J-GAAP
Apr - Jun, 2024 23,542 -2,182 -1,024 -1,516 -25.7 -9.3 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 30,946 4,506 1,119 926 15.7 14.6 Nov 11, 2024 J-GAAP
Oct - Dec, 2024 27,248 -629 1,943 3,253 55.1 -2.3 Feb 10, 2025 J-GAAP
YoY +4.1% － +341.6% +1,096.0% +1,120.8%

Related Articles