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Shinhokoku Material, Apr-Jun (2Q) Ordinary Profit Decreases by 24%
5542 Shinhokoku Material Corp. 【J-GAAP】
Earnings ReportShinhokoku Material Corp. <5542> [TSE Std] announced its financial results in the afternoon session on August 8th (13:30). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending December 2025 (January to June) was 365 million yen, a 1.4% increase compared to the same period last year. However, Progress toward the full-year plan of 770 million yen was 47.4%, also falling below the five-year average of 50.6%.
Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the July to December period (second half) is expected to expand 36.8% from the same period last year, reaching 405 million yen.
In the most recent three-month period, from April to June (2Q), the ordinary profit decreased to 149 million yen, a 24.4% decrease compared to the same period last year. The operating profit margin decreased from 12.3% in the same period last year to 9.6%.
Kabutan News
Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jan - Jun, 2023 | 2,977 | 249 | 259 | 195 | 29.1 | 40.2 | Aug 10, 2023 | J-GAAP |
| Jan - Jun, 2024 | 3,158 | 356 | 360 | 268 | 39.9 | 54.9 | Aug 9, 2024 | J-GAAP |
| Jan - Jun, 2025 | 3,177 | 358 | 365 | 275 | 41.2 | 47.4 | Aug 8, 2025 | J-GAAP |
| YoY | +0.6% | +0.6% | +1.4% | +2.6% | +3.2% |
First Half Results vs. Previous Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jan - Jun, 2025 Guidance | 3,100 | 370 | 375 | 280 | 42.3 | 10 | Feb 7, 2025 | J-GAAP |
| Jan - Jun, 2025 Results | 3,177 | 358 | 365 | 275 | 41.2 | 10 | Aug 8, 2025 | J-GAAP |
| Revision Rate | +2.5% | -3.2% | -2.7% | -1.8% | -2.5% |
Current Period Guidance
Second Half Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jul - Dec, 2024 | 3,051 | 289 | 296 | 308 | 45.8 | 15 | Feb 7, 2025 | J-GAAP |
| Jul - Dec, 2025 Guidance | 3,123 | 392 | 405 | 325 | 48.8 | 15 | Aug 8, 2025 | J-GAAP |
| YoY | +2.4% | +35.6% | +36.8% | +5.5% | +6.5% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Dec, 2023 | 6,484 | 628 | 644 | 476 | 70.8 | 20 | Feb 9, 2024 | J-GAAP |
| Dec, 2024 | 6,209 | 645 | 656 | 576 | 85.7 | 25 | Feb 7, 2025 | J-GAAP |
| Dec, 2025 Guidance | 6,300 | 750 | 770 | 600 | 90.1 | 25 | Feb 7, 2025 | J-GAAP |
| YoY | +1.5% | +16.3% | +17.4% | +4.2% | +5.2% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Jun, 2024 | 1,577 | 194 | 197 | 147 | 21.9 | 12.3 | Aug 9, 2024 | J-GAAP |
| Jul - Sep, 2024 | 1,361 | 75 | 81 | 63 | 9.4 | 5.5 | Nov 8, 2024 | J-GAAP |
| Oct - Dec, 2024 | 1,690 | 214 | 215 | 245 | 36.5 | 12.7 | Feb 7, 2025 | J-GAAP |
| Jan - Mar, 2025 | 1,645 | 211 | 216 | 161 | 24.1 | 12.8 | May 9, 2025 | J-GAAP |
| Apr - Jun, 2025 | 1,532 | 147 | 149 | 114 | 17.1 | 9.6 | Aug 8, 2025 | J-GAAP |
| YoY | -2.9% | -24.2% | -24.4% | -22.4% | -22.0% |
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