SHOEI, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 50%

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Wed Feb 12, 2025 4:00 pm JST Earnings

9385 SHOEI CORPORATION 【J-GAAP】

Earnings Report

SHOEI CORPORATION <9385> [TSE Std] announced its financial results after the market closed on February 12th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) significantly dropped 50.2% from the same period last year to 0.63 billion yen. The progress rate toward the full-year plan of 1.41 billion yen was 44.9%, also falling below the five-year average of 110.0%.

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 surge 4.5 times that of the same period last year, reaching 0.77 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit surged 3.7 times that of the same period last year, reaching 1.03 billion yen. However, the operating profit margin remained almost flat, changing from 5.0% 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	15,803	76	-465	-574	-74.3	ー	Feb 9, 2023	J-GAAP
Apr - Dec, 2023	14,739	582	1,272	1,139	147.4	88.1	Feb 9, 2024	J-GAAP
Apr - Dec, 2024	14,391	685	634	386	50.0	44.9	Feb 12, 2025	J-GAAP
YoY	-2.4%	+17.7%	-50.2%	-66.1%	-66.1%

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	9,713	443	453	62	8.0	20	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	11,106	983	1,808	1,444	186.9	20	Nov 12, 2024	J-GAAP
YoY	+14.3%	+121.9%	+299.1%	+2,229.0%	+2,230.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	20,745	154	-332	-1,617	-209.3	20	May 15, 2023	J-GAAP
Mar, 2024	19,446	776	1,443	1,009	130.6	20	May 14, 2024	J-GAAP
Mar, 2025 Guidance	20,718	1,433	1,412	989	128.0	20	May 14, 2024	J-GAAP
YoY	+6.5%	+84.7%	-2.1%	-2.0%	-2.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	5,006	249	282	192	24.9	5.0	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	4,707	194	171	-130	-16.8	4.1	May 14, 2024	J-GAAP
Apr - Jun, 2024	4,749	211	219	132	28.4	4.4	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	4,863	239	-615	-587	-76.0	4.9	Nov 12, 2024	J-GAAP
Oct - Dec, 2024	4,779	235	1,030	841	108.9	4.9	Feb 12, 2025	J-GAAP
YoY	-4.5%	-5.6%	+265.2%	+338.0%	+338.1%