SUMIKEN MITSUI ROAD, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 59%, Oct-Dec Ordinary Profit Decreases by 5%

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Wed Feb 12, 2025 2:00 pm JST Earnings

1776 SUMIKEN MITSUI ROAD CO.,LTD. 【J-GAAP】

Earnings Report

SUMIKEN MITSUI ROAD CO.,LTD. <1776> [TSE Std] announced its financial results in the afternoon session on February 12th (14:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) significantly dropped 59.4% from the same period last year to 0.21 billion yen. The progress rate toward the full-year plan of 1.11 billion yen was 19.0%, also falling below the five-year average of 45.1%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to expand 77.3% from the same period last year, reaching 0.89 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 0.44 billion yen, a 5.0% decrease compared to the same period last year. The operating profit margin worsened from 5.3% in the same period last year to 4.9%.

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	22,849	335	340	207	22.8	33.5	Feb 8, 2023	J-GAAP
Apr - Dec, 2023	22,799	490	520	286	31.3	50.6	Feb 7, 2024	J-GAAP
Apr - Dec, 2024	21,444	170	211	106	11.5	19.0	Feb 12, 2025	J-GAAP
YoY	-5.9%	-65.3%	-59.4%	-62.9%	-63.1%

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	16,806	963	970	572	62.4	40	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	18,799	1,376	1,339	878	95.5	40	Nov 12, 2024	J-GAAP
YoY	+11.9%	+42.9%	+38.0%	+53.5%	+53.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	31,914	1,008	1,015	630	69.0	35	May 10, 2023	J-GAAP
Mar, 2024	30,913	994	1,027	587	64.1	40	May 10, 2024	J-GAAP
Mar, 2025 Guidance	31,400	1,110	1,110	690	75.1	40	May 10, 2024	J-GAAP
YoY	+1.6%	+11.7%	+8.1%	+17.5%	+17.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	8,692	459	463	271	29.7	5.3	Feb 7, 2024	J-GAAP
Jan - Mar, 2024	8,114	504	507	301	32.9	6.2	May 10, 2024	J-GAAP
Apr - Jun, 2024	5,614	-309	-277	-208	-22.7	-5.5	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	6,987	43	48	20	2.2	0.6	Nov 12, 2024	J-GAAP
Oct - Dec, 2024	8,843	436	440	294	32.0	4.9	Feb 12, 2025	J-GAAP
YoY	+1.7%	-5.0%	-5.0%	+8.5%	+7.9%