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SHIBUYA, First Half Ordinary Profit Increases by 53%

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%

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