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SANKO METAL INDUSTRIAL CO.,LTD., First Half Ordinary Profit Unexpectedly Revised Upward by 1%

Mon Oct 28, 2024 2:30 pm JST Earnings

1972 SANKO METAL INDUSTRIAL CO.,LTD. 【J-GAAP】

Earnings Report

SANKO METAL INDUSTRIAL CO.,LTD. <1972> [TSE-S] announced its financial results in the afternoon session on October 28th (14:30). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was 1.58 billion yen, a 1.2% increase compared to the same period last year, resulting in an increase in profits compared to the previous forecast of a 6.9% decrease.

The progress rate against the 3.5 billion yen full-year plan was 45.4%, exceeding the five-year average of 41.0%.

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 October to March period (second half) is expected to decrease by 10.7% from the same period last year to 1.91 billion yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit amounted to 1.56 billion yen, a 2.0% decrease compared to the same period last year. However, the operating profit margin rose from 12.3% in the same period last year to 12.5%.

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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 18,412 1,238 1,230 852 44.2 36.5 Oct 28, 2022 J-GAAP
Apr - Sep, 2023 20,494 1,569 1,569 1,061 55.1 42.3 Oct 27, 2023 J-GAAP
Apr - Sep, 2024 20,916 1,563 1,588 1,099 57.0 45.4 Oct 28, 2024 J-GAAP
YoY +2.1% -0.4% +1.2% +3.6% +3.6%

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 21,000 1,440 1,460 1,030 53.4 － Apr 26, 2024 J-GAAP
Apr - Sep, 2024 Results 20,916 1,563 1,588 1,099 57.0 － Oct 28, 2024 J-GAAP
Revision Rate -0.4% +8.5% +8.8% +6.7% +6.8%

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 22,420 2,142 2,140 1,532 79.5 40 Apr 26, 2024 J-GAAP
Oct - Mar, 2024 Guidance 24,084 1,917 1,912 1,361 70.6 38 Oct 28, 2024 J-GAAP
YoY +7.4% -10.5% -10.7% -11.2% -11.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 39,797 3,375 3,366 2,372 123.1 37 Apr 27, 2023 J-GAAP
Mar, 2024 42,914 3,711 3,709 2,593 134.5 40 Apr 26, 2024 J-GAAP
Mar, 2025 Guidance 45,000 3,480 3,500 2,460 127.6 38 Apr 26, 2024 J-GAAP
YoY +4.9% -6.2% -5.6% -5.1% -5.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 12,956 1,595 1,595 1,132 58.8 12.3 Oct 27, 2023 J-GAAP
Oct - Dec, 2023 10,577 962 961 665 34.5 9.1 Jan 26, 2024 J-GAAP
Jan - Mar, 2024 11,843 1,180 1,179 867 45.0 10.0 Apr 26, 2024 J-GAAP
Apr - Jun, 2024 8,381 1 25 6 0.3 0.0 Jul 26, 2024 J-GAAP
Jul - Sep, 2024 12,535 1,562 1,563 1,093 56.7 12.5 Oct 28, 2024 J-GAAP
YoY -3.2% -2.1% -2.0% -3.4% -3.5%

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