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SAINT-CARE HOLDING CORPORATION, First Half Ordinary Profit Decreases by 18%, July-September Ordinary Profit Decreases by 18%

Fri Nov 8, 2024 3:30 pm JST Earnings

2374 SAINT-CARE HOLDING CORPORATION 【J-GAAP】

Earnings Report

SAINT-CARE HOLDING CORPORATION <2374> [TSE-P] announced its financial results after the market closed on November 8th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 18.3% from the same period last year to 1.33 billion yen. The progress rate against the 3.27 billion yen full-year plan was 40.7%, also falling below the five-year average of 51.3%.

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 27.6% from the same period last year, reaching 1.94 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 690 million yen, a 17.9% decrease compared to the same period last year. The operating profit margin worsened from 6.1% in the same period last year to 4.8%.

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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 26,185 1,375 1,391 893 35.8 51.3 Nov 8, 2022 J-GAAP
Apr - Sep, 2023 26,960 1,611 1,631 1,074 43.5 51.7 Nov 8, 2023 J-GAAP
Apr - Sep, 2024 27,993 1,287 1,333 808 32.8 40.7 Nov 8, 2024 J-GAAP
YoY +3.8% -20.1% -18.3% -24.8% -24.6%

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 28,235 1,407 1,409 893 36.2 0 May 15, 2024 J-GAAP
Apr - Sep, 2024 Results 27,993 1,287 1,333 808 32.8 0 Nov 8, 2024 J-GAAP
Revision Rate -0.9% -8.5% -5.4% -9.5% -9.6%

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 27,097 1,423 1,524 931 37.7 25 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 29,127 2,013 1,945 1,327 53.9 27 Nov 8, 2024 J-GAAP
YoY +7.5% +41.5% +27.6% +42.5% +42.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 52,551 2,539 2,709 1,713 68.9 24 May 15, 2023 J-GAAP
Mar, 2024 54,057 3,034 3,155 2,005 81.2 25 May 15, 2024 J-GAAP
Mar, 2025 Guidance 57,120 3,300 3,278 2,135 86.7 27 May 15, 2024 J-GAAP
YoY +5.7% +8.8% +3.9% +6.5% +6.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 13,560 826 840 589 23.9 6.1 Nov 8, 2023 J-GAAP
Oct - Dec, 2023 13,640 905 959 693 28.1 6.6 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 13,457 518 565 238 9.6 3.8 May 15, 2024 J-GAAP
Apr - Jun, 2024 13,808 610 643 381 15.4 4.4 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 14,185 677 690 427 17.3 4.8 Nov 8, 2024 J-GAAP
YoY +4.6% -18.0% -17.9% -27.5% -27.4%

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