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SUNNY SIDE UP, First Half Ordinary Profit Decreases by 12%, Oct-Dec Ordinary Profit Decreases by 4%

Thu Feb 13, 2025 3:00 pm JST Earnings

2180 SUNNY SIDE UP GROUP INC. 【J-GAAP】

Earnings Report

SUNNY SIDE UP GROUP INC. <2180> [TSE Std] announced its financial results in the afternoon session on February 13th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending June 2025 (July to December) decreased 12.2% from the same period last year to 0.88 billion yen. The progress rate toward the full-year plan of 1.66 billion yen was 53.1%, below the five-year average of 101.2%.

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 January to June period (2H) is expected to expand 56.5% from the same period last year, reaching 0.77 billion yen.

In the most recent three-month period, from October to December (2Q), the consolidated ordinary profit decreased to 0.68 billion yen, a 4.0% decrease compared to the same period last year. The operating profit margin decreased from 12.1% in the same period last year to 11.2%.

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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
Jul - Dec, 2022 10,828 851 891 520 34.9 66.7 Feb 13, 2023 J-GAAP
Jul - Dec, 2023 9,179 997 1,004 601 40.3 66.9 Feb 13, 2024 J-GAAP
Jul - Dec, 2024 9,890 877 882 567 38.1 53.1 Feb 13, 2025 J-GAAP
YoY +7.7% -12.0% -12.2% -5.7% -5.6%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 Guidance ー ー ー ー － 7 Aug 13, 2024 J-GAAP
Jul - Dec, 2024 Results 9,890 877 882 567 38.1 7 Feb 13, 2025 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
Jan - Jun, 2024 8,729 468 497 194 13.0 15 Aug 13, 2024 J-GAAP
Jan - Jun, 2025 Guidance 8,610 773 778 393 26.3 15 Feb 13, 2025 J-GAAP
YoY -1.4% +65.2% +56.5% +102.6% +102.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun, 2023 18,956 1,296 1,335 884 59.3 15 Aug 14, 2023 J-GAAP
Jun, 2024 17,908 1,465 1,501 795 53.3 20 Aug 13, 2024 J-GAAP
Jun, 2025 Guidance 18,500 1,650 1,660 960 64.3 22 Aug 13, 2024 J-GAAP
YoY +3.3% +12.6% +10.6% +20.8% +20.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 5,933 719 718 505 33.9 12.1 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 4,484 508 531 358 24.0 11.3 May 13, 2024 J-GAAP
Apr - Jun, 2024 4,245 -40 -34 -164 -11.0 -0.9 Aug 13, 2024 J-GAAP
Jul - Sep, 2024 3,679 180 193 128 8.6 4.9 Nov 14, 2024 J-GAAP
Oct - Dec, 2024 6,211 697 689 439 29.5 11.2 Feb 13, 2025 J-GAAP
YoY +4.7% -3.1% -4.0% -13.1% -13.0%

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