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SAGAMI RUBBER, The Current Fiscal Year Ordinary Profit Revised Upward by 25%

Fri Feb 14, 2025 3:30 pm JST Earnings

5194 SAGAMI RUBBER INDUSTRIES CO.,LTD. 【J-GAAP】

Earnings Report

SAGAMI RUBBER INDUSTRIES CO.,LTD. <5194> [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) was 519 million yen, a 0.2% increase compared to the same period last year.

In addition, the full-year consolidated ordinary profit has been revised upward 25.0%, from the previous forecast of 400 million yen to 500 million yen (compared to 389 million yen in the previous period), increasing the growth rate from 2.8% to 28.5%.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit/loss for the October to March period (2H) has been revised upward from an expected loss of 138 million yen to a loss of 38 million yen (compared to a profit of 46 million yen in the same period of the previous year), indicating a reduction in the loss margin.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit/loss turned to a loss of 19 million yen (compared to a profit of 175 million yen in the same period last year). The operating profit/loss margin drastically worsened from 6.2% in the same period last year to -1.7%.

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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 4,480 648 1,236 937 86.4 117.2 Feb 13, 2023 J-GAAP
Apr - Dec, 2023 4,819 379 518 235 21.7 133.2 Feb 14, 2024 J-GAAP
Apr - Dec, 2024 4,406 15 519 319 29.4 103.8 Feb 14, 2025 J-GAAP
YoY -8.6% -96.0% +0.2% +35.7% +35.7%

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 3,276 462 -138 -150 -13.8 10 Nov 14, 2024 J-GAAP
Oct - Mar, 2024 New 2,876 42 -38 -90 -8.3 10 Feb 14, 2025 J-GAAP
Revision Rate -12.2% -90.9% +72.5% +40.0% +40.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 6,300 500 400 240 22.1 10 May 17, 2024 J-GAAP
Mar, 2025 New 5,900 80 500 300 27.6 10 Feb 14, 2025 J-GAAP
Revision Rate -6.3% -84.0% +25.0% +25.0% +25.0%

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 2,919 158 46 -105 -9.9 10 May 17, 2024 J-GAAP
Oct - Mar, 2024 Guidance 2,876 42 -38 -90 -8.3 10 Feb 14, 2025 J-GAAP
YoY -1.5% -73.4% － +14.3% +16.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 5,984 661 1,055 673 62.0 10 May 19, 2023 J-GAAP
Mar, 2024 6,112 436 389 40 3.8 10 May 17, 2024 J-GAAP
Mar, 2025 Guidance 5,900 80 500 300 27.6 10 Feb 14, 2025 J-GAAP
YoY -3.5% -81.7% +28.5% +650.0% +632.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 1,626 101 175 90 8.3 6.2 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 1,293 57 -129 -195 -18.4 4.4 May 17, 2024 J-GAAP
Apr - Jun, 2024 1,458 102 268 175 16.2 7.0 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 1,566 -64 270 215 19.8 -4.1 Nov 14, 2024 J-GAAP
Oct - Dec, 2024 1,382 -23 -19 -71 -6.5 -1.7 Feb 14, 2025 J-GAAP
YoY -15.0% － － － －

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