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Sumitomo Mitsui Construction, The Current Fiscal Year Ordinary Profit Loss to Narrow

Wed Feb 12, 2025 3:30 pm JST Earnings

1821 Sumitomo Mitsui Construction Co.,Ltd. 【J-GAAP】

Earnings Report

Sumitomo Mitsui Construction Co.,Ltd. <1821> [TSE Prime] announced its financial results after the market closed on February 12th (15:30). The consolidated ordinary profit/loss for the cumulative third quarter of the fiscal year ending March 2025 (April to December) turned into a loss of 0.87 billion yen (compared to a profit of 8.35 billion yen in the same period last year).

However, the full-year consolidated ordinary profit/loss has been revised upward from an expected loss of 4.5 billion yen to a loss of 3 billion yen (compared to a profit of 6.29 billion yen in the previous period), indicating a reduction in the loss margin.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) is expected to increase 31.4%, from the previous forecast of 4.77 billion yen to 6.27 billion yen (compared to a loss of 2.06 billion yen in the same period of the previous year).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit/loss turned to a profit of 8.39 billion yen (compared to a loss of 0 billion yen in the same period last year). The operating profit margin drastically improved from 1.4% in the same period last year to 6.8%.

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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 333,372 1,896 1,903 275 1.8 ー Feb 8, 2023 J-GAAP
Apr - Dec, 2023 353,058 10,545 8,351 4,724 30.2 132.7 Feb 7, 2024 J-GAAP
Apr - Dec, 2024 343,243 1,628 -877 -7,489 -47.8 ー Feb 12, 2025 J-GAAP
YoY -2.8% -84.6% － － －

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 236,749 7,809 4,770 6,581 42.0 14 Nov 12, 2024 J-GAAP
Oct - Mar, 2024 New 236,749 9,309 6,270 9,081 57.9 14 Feb 12, 2025 J-GAAP
Revision Rate 0.0% +19.2% +31.4% +38.0% +38.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 455,000 1,000 -4,500 -8,000 -51.0 14 Nov 12, 2024 J-GAAP
Mar, 2025 New 455,000 2,500 -3,000 -5,500 -35.1 14 Feb 12, 2025 J-GAAP
Revision Rate 0.0% +150.0% +33.3% +31.3% +31.2%

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 248,849 -312 -2,062 -1,170 -7.5 14 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 236,749 9,309 6,270 9,081 57.9 14 Feb 12, 2025 J-GAAP
YoY -4.9% － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 458,622 -18,759 -18,483 -25,702 -164.3 14 May 10, 2023 J-GAAP
Mar, 2024 479,488 8,500 6,291 4,006 25.6 14 May 10, 2024 J-GAAP
Mar, 2025 Guidance 455,000 2,500 -3,000 -5,500 -35.1 14 Feb 12, 2025 J-GAAP
YoY -5.1% -70.6% － － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 122,419 1,733 -2 -452 -2.9 1.4 Feb 7, 2024 J-GAAP
Jan - Mar, 2024 126,430 -2,045 -2,060 -718 -4.6 -1.6 May 10, 2024 J-GAAP
Apr - Jun, 2024 111,891 1,665 1,453 780 5.0 1.5 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 106,360 -8,474 -10,723 -15,361 -98.0 -8.0 Nov 12, 2024 J-GAAP
Oct - Dec, 2024 124,992 8,437 8,393 7,092 45.2 6.8 Feb 12, 2025 J-GAAP
YoY +2.1% +386.8% － － －

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