Sumitomo Forestry, 4% Increase in Ordinary Profit, Update Record High for Second Consecutive Term, Dividend Raised by 37 yen

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Thu Feb 13, 2025 3:00 pm JST Earnings

1911 Sumitomo Forestry Co.,Ltd. 【J-GAAP】

Earnings Report

Sumitomo Forestry Co.,Ltd. <1911> [TSE Prime] announced its financial results in the afternoon session on February 13th (15:00). The consolidated ordinary profit for the fiscal year ending December 2024 increased 24.6% from the previous period to 197 billion yen. In the fiscal year ending December 2025, the profit is expected to grow by 3.6% to 205 billion yen, marking the second consecutive term of record-high profits. This will be the fourth consecutive term of revenue growth.

At the same time, the company has decided to increase the dividend this fiscal year to 182 yen, an increase of 37 yen from the previous fiscal year.

In the most recent three-month period, from October to December (4Q), the consolidated ordinary profit decreased to 55 billion yen, a 7.3% decrease compared to the same period last year. The operating profit margin worsened from 9.7% in the same period last year to 9.3%.

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Actual Results

Historical Performance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	1,669,707	158,253	194,994	108,672	543.8	125	Feb 14, 2023	J-GAAP
Dec, 2023	1,733,169	146,258	158,921	102,170	504.0	125	Feb 14, 2024	J-GAAP
Dec, 2024	2,053,650	194,588	197,955	116,528	569.4	145	Feb 13, 2025	J-GAAP
YoY	+18.5%	+33.0%	+24.6%	+14.1%	+13.0%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Guidance	2,095,000	180,000	193,000	115,000	561.9	145	Aug 8, 2024	J-GAAP
Dec, 2024 Results	2,053,650	194,588	197,955	116,528	569.4	145	Feb 13, 2025	J-GAAP
Revision Rate	-2.0%	+8.1%	+2.6%	+1.3%	+1.3%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan - Jun, 2024	981,416	93,307	95,192	55,709	272.2	65	Aug 8, 2024	J-GAAP
Jan - Jun, 2025 Guidance	ー	ー	ー	ー	－	91	Feb 13, 2025	J-GAAP
YoY	－	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2023	1,733,169	146,258	158,921	102,170	504.0	125	Feb 14, 2024	J-GAAP
Dec, 2024	2,053,650	194,588	197,955	116,528	569.4	145	Feb 13, 2025	J-GAAP
Dec, 2025 Guidance	2,556,000	195,000	205,000	123,000	601.0	182	Feb 13, 2025	J-GAAP
YoY	+24.5%	+0.2%	+3.6%	+5.6%	+5.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	500,285	48,643	59,342	38,373	189.3	9.7	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	453,632	40,631	39,772	22,231	108.6	9.0	Apr 30, 2024	J-GAAP
Apr - Jun, 2024	527,784	52,676	55,420	33,478	163.6	10.0	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	510,921	49,257	47,737	29,847	145.8	9.6	Oct 31, 2024	J-GAAP
Oct - Dec, 2024	561,313	52,024	55,026	30,972	151.3	9.3	Feb 13, 2025	J-GAAP
YoY	+12.2%	+7.0%	-7.3%	-19.3%	-20.1%