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Sumitomo Forestry, 4% Increase in Ordinary Profit, Update Record High for Second Consecutive Term, Dividend Raised by 37 yen

Thu Feb 13, 2025 3:00 pm JST Earnings

1911 Sumitomo Forestry Co.,Ltd. 【J-GAAP】

Earnings Report

Sumitomo Forestry Co.,Ltd. <1911> [TSE Prime] announced its financial results in the afternoon session on February 13th (15:00). The consolidated ordinary profit for the fiscal year ending December 2024 increased 24.6% from the previous period to 197 billion yen. In the fiscal year ending December 2025, the profit is expected to grow by 3.6% to 205 billion yen, marking the second consecutive term of record-high profits. This will be the fourth consecutive term of revenue growth.

At the same time, the company has decided to increase the dividend this fiscal year to 182 yen, an increase of 37 yen from the previous fiscal year.

In the most recent three-month period, from October to December (4Q), the consolidated ordinary profit decreased to 55 billion yen, a 7.3% decrease compared to the same period last year. The operating profit margin worsened from 9.7% in the same period last year to 9.3%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 1,669,707 158,253 194,994 108,672 181.3 41.67 Feb 14, 2023 J-GAAP
Dec, 2023 1,733,169 146,258 158,921 102,170 168.0 41.67 Feb 14, 2024 J-GAAP
Dec, 2024 2,053,650 194,588 197,955 116,528 189.8 48.33 Feb 13, 2025 J-GAAP
YoY +18.5% +33.0% +24.6% +14.1% +13.0%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2024 Guidance 2,095,000 180,000 193,000 115,000 187.3 48.33 Aug 8, 2024 J-GAAP
Dec, 2024 Results 2,053,650 194,588 197,955 116,528 189.8 48.33 Feb 13, 2025 J-GAAP
Revision Rate -2.0% +8.1% +2.6% +1.3% +1.3%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2024 981,416 91,074 92,959 54,149 88.2 21.67 Aug 8, 2024 J-GAAP
Jan - Jun, 2025 Guidance ー ー ー ー － 30.33 Feb 13, 2025 J-GAAP
YoY － － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 1,733,169 146,258 158,921 102,170 168.0 41.67 Feb 14, 2024 J-GAAP
Dec, 2024 2,053,650 194,588 197,955 116,528 189.8 48.33 Feb 13, 2025 J-GAAP
Dec, 2025 Guidance 2,556,000 195,000 205,000 123,000 201.1 60.67 Feb 13, 2025 J-GAAP
YoY +24.5% +0.2% +3.6% +5.6% +6.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 500,285 48,643 59,342 38,373 63.1 9.7 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 453,632 39,529 38,670 21,457 35.0 8.7 Apr 30, 2024 J-GAAP
Apr - Jun, 2024 527,784 51,545 54,289 32,692 53.3 9.8 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 510,921 48,152 46,633 29,073 47.4 9.4 Oct 31, 2024 J-GAAP
Oct - Dec, 2024 561,313 55,362 58,363 33,306 54.3 9.9 Feb 13, 2025 J-GAAP
YoY +12.2% +13.8% -1.6% -13.2% -14.0%

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