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Sanyo Homes Corporation, First Half Ordinary Profit Loss Widens, July-September Ordinary Profit Turns to Loss

Wed Nov 6, 2024 3:00 pm JST Earnings

1420 Sanyo Homes Corporation 【J-GAAP】

Earnings Report

Sanyo Homes Corporation <1420> [TSE-S] announced its financial results in the afternoon session on November 6th (15:00). The consolidated ordinary loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to a loss of 747 million yen (compared to a loss of 573 million yen in the same period last year).

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 October to March period (second half) is expected to grow by 29.1% from the same period last year, reaching 1.94 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a loss of 154 million yen (compared to a profit of 229 million yen in the same period last year). The operating profit/loss margin drastically worsened from 2.2% in the same period last year to -1.5%.

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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
Apr - Sep, 2022 16,822 -894 -906 -646 -58.3 ー Nov 7, 2022 J-GAAP
Apr - Sep, 2023 17,641 -549 -573 -382 -34.4 ー Nov 6, 2023 J-GAAP
Apr - Sep, 2024 15,823 -713 -747 -541 -48.6 ー Nov 6, 2024 J-GAAP
YoY -10.3% -29.9% -30.4% -41.6% -41.0%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Guidance ー ー ー ー － 0 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 15,823 -713 -747 -541 -48.6 0 Nov 6, 2024 J-GAAP
Revision Rate － － － － －

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 28,219 1,501 1,508 1,030 92.7 25 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 37,177 2,063 1,947 1,341 119.7 25 Nov 6, 2024 J-GAAP
YoY +31.7% +37.4% +29.1% +30.2% +29.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 40,970 -149 -191 -245 -22.2 25 May 12, 2023 J-GAAP
Mar, 2024 45,860 952 935 648 58.3 25 May 10, 2024 J-GAAP
Mar, 2025 Guidance 53,000 1,350 1,200 800 71.4 25 May 10, 2024 J-GAAP
YoY +15.6% +41.8% +28.3% +23.5% +22.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 10,781 232 229 177 16.0 2.2 Nov 6, 2023 J-GAAP
Oct - Dec, 2023 9,498 -314 -328 -240 -21.6 -3.3 Feb 5, 2024 J-GAAP
Jan - Mar, 2024 18,721 1,815 1,836 1,270 114.3 9.7 May 10, 2024 J-GAAP
Apr - Jun, 2024 7,059 -582 -593 -417 -37.5 -8.2 Aug 6, 2024 J-GAAP
Jul - Sep, 2024 8,764 -131 -154 -124 -11.1 -1.5 Nov 6, 2024 J-GAAP
YoY -18.7% － － － －

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