SOMAR, The Current Fiscal Year Ordinary Profit Revised Upward by 12%, Exceeded Record Profit Forecast, Dividend Revised Upward by 30 yen

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Fri Feb 14, 2025 3:30 pm JST Earnings

8152 SOMAR CORPORATION 【J-GAAP】

Earnings Report

SOMAR CORPORATION <8152> [TSE Std] announced its financial results after the market closed on February 14th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 2.13 billion yen, an increase 51.4% compared to the same period last year.

In addition, the full-year consolidated ordinary profit has been revised upward 12.0%, from the previous forecast of 2.5 billion yen to 2.8 billion yen (compared to 1.9 billion yen in the previous period), increasing the growth rate from 31.0% to 46.8%. The company has further increased its previous forecast of record profits for the first time in thirty four years.

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 29.6%, from the previous forecast of 1.01 billion yen to 1.31 billion yen (compared to 1.09 billion yen in the same period of the previous year), turning to a 20.1% increase in the consolidated ordinary profit outlook.

In light of the strong performance, the company has significantly increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 70 yen to 100 yen (compared to 70 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 8.7% from the same period last year, reaching 0.64 billion yen. The operating profit margin improved from 7.6% in the same period last year to 8.9%.

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	18,606	552	690	554	285.8	77.9	Feb 10, 2023	J-GAAP
Apr - Dec, 2023	20,114	1,282	1,409	924	476.5	73.8	Feb 13, 2024	J-GAAP
Apr - Dec, 2024	22,944	2,064	2,133	2,101	1,084.3	76.2	Feb 14, 2025	J-GAAP
YoY	+14.1%	+61.0%	+51.4%	+127.4%	+127.5%

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	15,823	1,029	1,014	798	411.7	70	Nov 11, 2024	J-GAAP
Oct - Mar, 2024 New	15,823	1,329	1,314	1,398	721.3	100	Feb 14, 2025	J-GAAP
Revision Rate	0.0%	+29.2%	+29.6%	+75.2%	+75.2%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	31,000	2,400	2,500	2,000	1,031.8	70	Nov 11, 2024	J-GAAP
Mar, 2025 New	31,000	2,700	2,800	2,600	1,341.4	100	Feb 14, 2025	J-GAAP
Revision Rate	0.0%	+12.5%	+12.0%	+30.0%	+30.0%

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	13,618	1,052	1,094	928	478.6	70	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	15,823	1,329	1,314	1,398	721.3	100	Feb 14, 2025	J-GAAP
YoY	+16.2%	+26.3%	+20.1%	+50.6%	+50.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	25,059	796	886	611	315.1	50	May 15, 2023	J-GAAP
Mar, 2024	26,649	1,797	1,908	1,371	707.1	70	May 15, 2024	J-GAAP
Mar, 2025 Guidance	31,000	2,700	2,800	2,600	1,341.4	100	Feb 14, 2025	J-GAAP
YoY	+16.3%	+50.3%	+46.8%	+89.6%	+89.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	7,083	537	595	481	248.1	7.6	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	6,535	515	499	447	230.5	7.9	May 15, 2024	J-GAAP
Apr - Jun, 2024	7,315	694	860	689	355.5	9.5	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	7,862	677	626	513	264.7	8.6	Nov 11, 2024	J-GAAP
Oct - Dec, 2024	7,767	693	647	899	464.0	8.9	Feb 14, 2025	J-GAAP
YoY	+9.7%	+29.1%	+8.7%	+86.9%	+87.0%