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

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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%.

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	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%	－	－	－	－