SHIBUYA, First Half Ordinary Profit Increases by 53%

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Wed Feb 12, 2025 2:00 pm JST Earnings

6340 SHIBUYA CORPORATION 【J-GAAP】

Earnings Report

SHIBUYA CORPORATION <6340> [TSE Prime] announced its financial results in the afternoon session on February 12th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending June 2025 (July to December) expanded 7.38 billion yen, an increase 53.1% compared to the same period last year. The progress rate toward the full-year plan of 12.8 billion yen was 57.7%, also surpassing the five-year average of 36.3%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to June period (2H) is expected to drop 38.0% from the same period last year to 5.41 billion yen.

In the most recent three-month period, from October to December (2Q), the consolidated ordinary profit amounted to 4.02 billion yen, an increase of 2.0% compared to the same period last year. However, the operating profit margin decreased from 13.7% in the same period last year to 11.3%.

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Actual Results

Accumulated Results 2nd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jul - Dec, 2022	43,633	2,653	2,618	2,008	72.6	32.0	Feb 10, 2023	J-GAAP
Jul - Dec, 2023	51,393	4,882	4,823	3,409	123.2	35.6	Feb 9, 2024	J-GAAP
Jul - Dec, 2024	62,508	7,373	7,384	5,100	184.4	57.7	Feb 12, 2025	J-GAAP
YoY	+21.6%	+51.0%	+53.1%	+49.6%	+49.6%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2024 Guidance	ー	ー	ー	ー	－	45	Aug 9, 2024	J-GAAP
Jul - Dec, 2024 Results	62,508	7,373	7,384	5,100	184.4	45	Feb 12, 2025	J-GAAP
Revision Rate	－	－	－	－	－

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan - Jun, 2024	64,041	8,500	8,736	6,372	230.3	60	Aug 9, 2024	J-GAAP
Jan - Jun, 2025 Guidance	64,492	5,227	5,416	4,100	148.2	45	Feb 12, 2025	J-GAAP
YoY	+0.7%	-38.5%	-38.0%	-35.7%	-35.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jun, 2023	97,842	8,039	8,171	5,928	214.3	70	Aug 10, 2023	J-GAAP
Jun, 2024	115,434	13,382	13,559	9,781	353.5	90	Aug 9, 2024	J-GAAP
Jun, 2025 Guidance	127,000	12,600	12,800	9,200	332.5	90	Aug 9, 2024	J-GAAP
YoY	+10.0%	-5.8%	-5.6%	-5.9%	-5.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	28,988	3,963	3,940	2,800	101.2	13.7	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	28,826	4,173	4,271	3,140	113.5	14.5	May 10, 2024	J-GAAP
Apr - Jun, 2024	35,215	4,327	4,465	3,232	116.8	12.3	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	28,055	3,470	3,364	2,316	83.7	12.4	Nov 8, 2024	J-GAAP
Oct - Dec, 2024	34,453	3,903	4,020	2,784	100.6	11.3	Feb 12, 2025	J-GAAP
YoY	+18.9%	-1.5%	+2.0%	-0.6%	-0.6%