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Shinwa, First Half Ordinary Profit Increases by 34%

Fri Apr 11, 2025 4:00 pm JST Earnings

7607 Shinwa Co., Ltd. 【J-GAAP】

Earnings Report

Shinwa Co., Ltd. <7607> [TSE Prime] announced its financial results after the market closed on April 11th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending August 2025 (September 2024 to February 2025) expanded 2.46 billion yen, an increase 34.3% compared to the same period last year, exceeded the previous forecast of 2.1 billion yen.

The progress rate toward the full-year plan of 4.25 billion yen was 58.0%, also surpassing the five-year average of 52.5%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the March to August period (2H) is expected to decrease 13.6% from the same period last year to 1.78 billion yen.

In the most recent three-month period, from December to February (2Q), the consolidated ordinary profit increased 34.6% from the same period last year, reaching 1.47 billion yen. The operating profit margin improved from 5.0% in the same period last year to 6.3%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Sep - Feb, 2022 41,514 3,365 3,333 2,291 171.4 64.8 Apr 10, 2023 J-GAAP
Sep - Feb, 2023 38,434 1,603 1,836 1,275 95.3 47.1 Apr 11, 2024 J-GAAP
Sep - Feb, 2024 42,199 2,290 2,465 1,659 123.9 58.0 Apr 11, 2025 J-GAAP
YoY +9.8% +42.9% +34.3% +30.1% +29.9%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2024 Guidance 40,000 2,000 2,100 1,470 109.7 56 Oct 15, 2024 J-GAAP
Sep - Feb, 2024 Results 42,199 2,290 2,465 1,659 123.9 56 Apr 11, 2025 J-GAAP
Revision Rate +5.5% +14.5% +17.4% +12.9% +12.9%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar - Aug, 2024 39,411 1,956 2,065 1,454 108.7 52 Oct 15, 2024 J-GAAP
Mar - Aug, 2025 Guidance 38,801 1,810 1,785 1,341 100.1 56 Apr 11, 2025 J-GAAP
YoY -1.5% -7.5% -13.6% -7.8% -7.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug, 2023 76,114 4,995 5,144 3,585 268.1 90 Oct 13, 2023 J-GAAP
Aug, 2024 77,845 3,559 3,901 2,729 203.9 102 Oct 15, 2024 J-GAAP
Aug, 2025 Guidance 81,000 4,100 4,250 3,000 223.9 112 Oct 15, 2024 J-GAAP
YoY +4.1% +15.2% +8.9% +9.9% +9.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Dec - Feb, 2023 21,437 1,069 1,097 788 58.9 5.0 Apr 11, 2024 J-GAAP
Mar - May, 2024 18,557 737 798 537 40.1 4.0 Jul 12, 2024 J-GAAP
Jun - Aug, 2024 20,854 1,219 1,267 917 68.5 5.8 Oct 15, 2024 J-GAAP
Sep - Nov, 2024 19,269 848 988 636 47.6 4.4 Jan 10, 2025 J-GAAP
Dec - Feb, 2024 22,930 1,442 1,477 1,023 76.4 6.3 Apr 11, 2025 J-GAAP
YoY +7.0% +34.9% +34.6% +29.8% +29.6%

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