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SEIKITOKYU KOGYO CO.,LTD., First Half Ordinary Profit Increases by 45%, July-September Ordinary Profit Increases by 18%

Wed Nov 6, 2024 4:00 pm JST Earnings

1898 SEIKITOKYU KOGYO CO.,LTD. 【J-GAAP】

Earnings Report

SEIKITOKYU KOGYO CO.,LTD. <1898> [TSE-P] announced its financial results after the market closed on November 6th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 1.46 billion yen, an increase of 45.4% compared to the same period last year. However, The progress rate against the 5.45 billion yen full-year plan was 26.9%, almost the same as the five-year average of 24.9%.

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 29.8% from the same period last year, reaching 3.98 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 18.4% from the same period last year, reaching 1.2 billion yen. The operating profit margin improved from 4.7% in the same period last year to 5.2%.

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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 41,892 246 246 90 2.5 9.3 Nov 7, 2022 J-GAAP
Apr - Sep, 2023 39,634 993 1,007 861 23.6 24.7 Nov 6, 2023 J-GAAP
Apr - Sep, 2024 44,682 1,509 1,464 935 25.6 26.9 Nov 6, 2024 J-GAAP
YoY +12.7% +52.0% +45.4% +8.6% +8.6%

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 47,400 1,700 1,680 1,080 29.6 45 May 8, 2024 J-GAAP
Apr - Sep, 2024 Results 44,682 1,509 1,464 935 25.6 45 Nov 6, 2024 J-GAAP
Revision Rate -5.7% -11.2% -12.9% -13.4% -13.4%

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 48,403 3,098 3,071 1,879 51.5 45 May 8, 2024 J-GAAP
Oct - Mar, 2024 Guidance 52,218 4,011 3,986 2,765 75.5 45 Nov 6, 2024 J-GAAP
YoY +7.9% +29.5% +29.8% +47.2% +46.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 92,414 2,669 2,647 1,127 30.7 30 May 9, 2023 J-GAAP
Mar, 2024 88,037 4,091 4,078 2,740 75.2 90 May 8, 2024 J-GAAP
Mar, 2025 Guidance 96,900 5,520 5,450 3,700 101.1 90 May 8, 2024 J-GAAP
YoY +10.1% +34.9% +33.6% +35.0% +34.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 21,737 1,014 1,019 864 23.7 4.7 Nov 6, 2023 J-GAAP
Oct - Dec, 2023 25,192 1,766 1,719 1,169 32.1 7.0 Feb 6, 2024 J-GAAP
Jan - Mar, 2024 23,211 1,332 1,352 710 19.5 5.7 May 8, 2024 J-GAAP
Apr - Jun, 2024 20,624 249 258 123 3.4 1.2 Aug 5, 2024 J-GAAP
Jul - Sep, 2024 24,058 1,260 1,206 812 22.3 5.2 Nov 6, 2024 J-GAAP
YoY +10.7% +24.3% +18.4% -6.0% -6.0%

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