SOHGO SECURITY SERVICES, Oct-Dec (3Q) Ordinary Profit Increases by 20%

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Tue Feb 4, 2025 3:30 pm JST Earnings

2331 SOHGO SECURITY SERVICES CO.,LTD. 【J-GAAP】

Earnings Report

SOHGO SECURITY SERVICES CO.,LTD. <2331> [TSE Prime] announced its financial results after the market closed on February 4th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) was 28.8 billion yen, a 1.6% decrease compared to the same period last year. The progress rate toward the full-year plan of 43.1 billion yen was 66.9%, also falling below the five-year average of 70.8%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to grow 10.9% from the same period last year, reaching 14.2 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 19.6% from the same period last year, reaching 11.8 billion yen. The operating profit margin improved from 6.9% in the same period last year to 8.0%.

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Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Dec, 2022	357,817	24,688	26,543	15,783	31.2	67.7	Jan 31, 2023	J-GAAP
Apr - Dec, 2023	378,990	26,987	29,298	18,442	36.6	69.5	Jan 31, 2024	J-GAAP
Apr - Dec, 2024	400,501	26,588	28,826	17,519	35.7	66.9	Feb 4, 2025	J-GAAP
YoY	+5.7%	-1.5%	-1.6%	-5.0%	-2.5%

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	21,257	22,767	15,475	30.8	15	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	286,720	24,697	26,106	17,509	36.1	12.40	Nov 6, 2024	J-GAAP
YoY	+4.3%	+16.2%	+14.7%	+13.1%	+17.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	492,226	36,993	39,230	23,950	47.3	17.20	May 12, 2023	J-GAAP
Mar, 2024	521,400	39,082	42,173	27,327	54.3	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%	+3.1%	+2.2%	+1.0%	+4.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	132,611	9,162	9,892	6,590	13.1	6.9	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	142,410	12,095	12,875	8,885	17.7	8.5	May 14, 2024	J-GAAP
Apr - Jun, 2024	129,011	7,266	7,897	4,288	8.6	5.6	Aug 6, 2024	J-GAAP
Jul - Sep, 2024	134,269	8,337	9,097	5,803	11.8	6.2	Nov 6, 2024	J-GAAP
Oct - Dec, 2024	137,221	10,985	11,832	7,428	15.1	8.0	Feb 4, 2025	J-GAAP
YoY	+3.5%	+19.9%	+19.6%	+12.7%	+15.7%