SPACE SHOWER SKIYAKI, The Current Fiscal Year Net Income Revised Downward by 31%

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Thu Feb 13, 2025 3:30 pm JST Earnings

4838 SPACE SHOWER SKIYAKI HOLDINGS INC. 【J-GAAP】

Earnings Report

SPACE SHOWER SKIYAKI HOLDINGS INC. <4838> [TSE Std] announced its financial results after the market closed on February 13th (15:30). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2025 (April to December) dropped 30.3% from the same period last year to 280 million yen.

In addition, the full-year consolidated net income has decreased 31.0%, from the previous forecast of 406 million yen to 280 million yen (compared to 280 million yen in the previous period), leading to a reduction in the profit growth rate from 45.0% to 0.000%.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated net income/loss for the October to March period (2H) has been revised downward from an expected profit of 83 million yen to a loss of 43 million yen (compared to a loss of 144 million yen in the same period of the previous year), turning to a loss outlook.

In the most recent three-month period, from October to December (3Q), the consolidated net loss expanded to a loss of 43 million yen (compared to a loss of 22 million yen in the same period last year). However, the operating profit/loss margin significantly improved from -0.4% in the same period last year to 2.7%.

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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	11,338	167	354	259	31.2	62.9	Jan 27, 2023	J-GAAP
Apr - Dec, 2023	12,427	669	664	402	48.0	107.3	Feb 13, 2024	J-GAAP
Apr - Dec, 2024	15,427	714	723	280	16.8	93.1	Feb 13, 2025	J-GAAP
YoY	+24.1%	+6.7%	+8.9%	-30.3%	-65.0%

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	8,997	188	195	83	5.0	13	Nov 13, 2024	J-GAAP
Oct - Mar, 2024 New	8,997	188	195	-43	-2.6	13	Feb 13, 2025	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	－	－

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	19,578	769	777	406	24.4	13	Nov 13, 2024	J-GAAP
Mar, 2025 New	19,578	769	777	280	16.9	13	Feb 13, 2025	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	-31.0%	-31.0%

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	7,440	-65	-60	-144	-17.2	10	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	8,997	188	195	-43	-2.6	13	Feb 13, 2025	J-GAAP
YoY	+20.9%	－	－	+70.1%	+84.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	15,381	153	563	348	41.7	10	May 12, 2023	J-GAAP
Mar, 2024	16,362	618	619	280	33.4	10	May 14, 2024	J-GAAP
Mar, 2025 Guidance	19,578	769	777	280	16.9	13	Feb 13, 2025	J-GAAP
YoY	+19.7%	+24.4%	+25.5%	0.0%	-49.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	3,505	-14	-15	-22	-2.6	-0.4	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	3,935	-51	-45	-122	-14.6	-1.3	May 14, 2024	J-GAAP
Apr - Jun, 2024	4,920	233	243	153	9.2	4.7	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	5,661	348	339	170	10.2	6.1	Nov 13, 2024	J-GAAP
Oct - Dec, 2024	4,846	133	141	-43	-2.6	2.7	Feb 13, 2025	J-GAAP
YoY	+38.3%	－	－	-95.5%	+1.9%