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Shinwa, Apr-Dec (Cumulative 3Q) Net Income Increases by 97%, Oct-Dec Net Income Increases by 3.4 times

Fri Feb 14, 2025 1:00 pm JST Earnings

3447 Shinwa Co., Ltd. 【IFRS】

Earnings Report

Shinwa Co., Ltd. <3447> [TSE Std] announced its financial results (based on IFRS) in the afternoon session on February 14th (13:00). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 0.86 billion yen, an increase 97.5% compared to the same period last year. The progress rate toward the full-year plan of 1 billion yen was 86.7%, it was below the five-year average of 90.7%.

Based on the cumulative third-quarter performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income/loss for the January to March period (4Q) is expected to turn into a profit of 0.13 billion yen (compared to a loss of 0.03 billion yen in the same period last year).

In the most recent three-month period, from October to December (3Q), the consolidated net income surged 3.4 times that of the same period last year, reaching 0.33 billion yen. The operating profit margin drastically improved from 5.7% in the same period last year to 12.7%.

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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 12,130 1,389 1,338 932 67.1 93.3 Feb 14, 2023 IFRS
Apr - Dec, 2023 9,675 694 656 439 31.6 100.6 Feb 14, 2024 IFRS
Apr - Dec, 2024 12,840 1,418 1,325 867 62.4 88.6 Feb 14, 2025 IFRS
YoY +32.7% +104.3% +102.0% +97.5% +97.7%

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 7,458 729 679 470 33.8 16 Nov 11, 2024 IFRS
Oct - Mar, 2024 New 7,958 749 681 470 33.8 16 Feb 14, 2025 IFRS
Revision Rate +6.7% +2.7% +0.3% 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 16,000 1,600 1,494 1,000 71.9 32 May 10, 2024 IFRS
Mar, 2025 New 16,500 1,620 1,496 1,000 71.9 32 Feb 14, 2025 IFRS
Revision Rate +3.1% +1.3% +0.1% 0.0% 0.0%

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 6,057 180 156 70 5.0 16 May 10, 2024 IFRS
Oct - Mar, 2024 Guidance 7,958 749 681 470 33.8 16 Feb 14, 2025 IFRS
YoY +31.4% +316.1% +336.5% +571.4% +570.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 14,757 1,501 1,434 1,007 72.5 32 May 12, 2023 IFRS
Mar, 2024 12,678 700 652 409 29.5 32 May 10, 2024 IFRS
Mar, 2025 Guidance 16,500 1,620 1,496 1,000 71.9 32 Feb 14, 2025 IFRS
YoY +30.1% +131.4% +129.4% +144.5% +144.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 3,054 174 160 100 7.2 5.7 Feb 14, 2024 IFRS
Jan - Mar, 2024 3,003 6 -4 -30 -2.2 0.2 May 10, 2024 IFRS
Apr - Jun, 2024 4,038 421 395 265 19.2 10.4 Aug 9, 2024 IFRS
Jul - Sep, 2024 4,504 450 420 265 19.1 10.0 Nov 14, 2024 IFRS
Oct - Dec, 2024 4,298 547 510 337 24.3 12.7 Feb 14, 2025 IFRS
YoY +40.7% +214.4% +218.8% +237.0% +237.6%

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