kabutan

SOHGO SECURITY SERVICES CO.,LTD., First Half Ordinary Profit Decreases by 12%, July-September Ordinary Profit Decreases by 11%

Wed Nov 6, 2024 3:30 pm JST Earnings

2331 ALSOK CO.,LTD. 【J-GAAP】

Earnings Report

SOHGO SECURITY SERVICES CO.,LTD. <2331> [TSE-P] announced its financial results after the market closed on November 6th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 12.4% from the same period last year to 16.9 billion yen. The progress rate against the 43.1 billion yen full-year plan was 39.4%, also falling below the five-year average of 46.4%.

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 14.7% from the same period last year, reaching 26.1 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 9.09 billion yen, a 10.9% decrease compared to the same period last year. The operating profit margin worsened from 7.3% in the same period last year to 6.2%.

Kabutan News

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 236,053 14,702 16,035 9,404 19.3 42.0 Oct 28, 2022 J-GAAP
Apr - Sep, 2023 246,379 17,323 18,904 11,505 22.8 45.9 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 263,280 15,258 16,648 9,852 20.0 38.6 Nov 6, 2024 J-GAAP
YoY +6.9% -11.9% -11.9% -14.4% -12.4%

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 262,100 16,100 17,600 11,300 23.3 12.40 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 263,280 15,258 16,648 9,852 20.0 12.40 Nov 6, 2024 J-GAAP
Revision Rate +0.5% -5.2% -5.4% -12.8% -14.3%

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 275,021 20,755 22,265 15,125 30.1 15 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 286,720 25,042 26,452 17,748 36.6 12.40 Nov 6, 2024 J-GAAP
YoY +4.3% +20.7% +18.8% +17.3% +21.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 492,226 35,961 38,198 23,234 45.9 17.20 May 12, 2023 J-GAAP
Mar, 2024 521,400 38,078 41,169 26,630 53.0 23.70 May 14, 2024 J-GAAP
Mar, 2025 Guidance 550,000 40,300 43,100 27,600 56.9 24.80 May 14, 2024 J-GAAP
YoY +5.5% +5.8% +4.7% +3.6% +7.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 124,786 8,875 9,962 6,484 12.8 7.1 Oct 31, 2023 J-GAAP
Oct - Dec, 2023 132,611 8,911 9,641 6,415 12.7 6.7 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 142,410 11,844 12,624 8,710 17.3 8.3 May 14, 2024 J-GAAP
Apr - Jun, 2024 129,011 7,094 7,724 4,168 8.4 5.5 Aug 6, 2024 J-GAAP
Jul - Sep, 2024 134,269 8,164 8,924 5,684 11.5 6.1 Nov 6, 2024 J-GAAP
YoY +7.6% -8.0% -10.4% -12.3% -10.3%

Related Articles