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SALA CORPORATION, June-August (3Q) Ordinary Profit Turns to Loss

Fri Oct 4, 2024 4:30 pm JST Earnings

2734 SALA CORPORATION 【J-GAAP】

Earnings Report

SALA CORPORATION <2734> [TSE-P] announced its financial results after the market closed on October 4th (16:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending November 2024 (December 2023 to August 2024) was 5.78 billion yen, a 0.9% increase compared to the same period last year. However, The progress rate against the 8 billion yen full-year plan was 72.4%, also falling below the five-year average of 84.3%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the September to November period (4Q) is expected to grow by 3.6% from the same period last year, reaching 2.21 billion yen.

In the most recent three-month period, from June to August (3Q), the consolidated ordinary profit/loss turned to a loss of 338 million yen (compared to a profit of 56 million yen in the same period last year). However, the operating profit/loss margin improved from -1.2% in the same period last year to -0.5%.

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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
Dec - Aug, 2021 173,021 5,922 7,666 5,350 83.9 89.1 Oct 7, 2022 J-GAAP
Dec - Aug, 2022 181,291 4,341 5,736 4,903 76.8 72.9 Oct 6, 2023 J-GAAP
Dec - Aug, 2023 176,425 4,626 5,789 3,980 62.1 72.4 Oct 4, 2024 J-GAAP
YoY -2.7% +6.6% +0.9% -18.8% -19.1%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun - Nov, 2023 116,083 1,061 2,190 1,351 21.2 13 Jan 12, 2024 J-GAAP
Jun - Nov, 2024 Guidance 136,103 1,411 1,873 1,096 17.1 17 Jul 5, 2024 J-GAAP
YoY +17.2% +33.0% -14.5% -18.9% -19.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Nov, 2022 234,848 6,891 8,601 5,682 89.1 26 Jan 12, 2023 J-GAAP
Nov, 2023 242,059 6,083 7,870 6,099 95.5 26 Jan 12, 2024 J-GAAP
Nov, 2024 Guidance 255,000 6,300 8,000 5,400 84.1 30 Jul 5, 2024 J-GAAP
YoY +5.3% +3.6% +1.7% -11.5% -11.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 55,315 -681 56 155 2.4 -1.2 Oct 6, 2023 J-GAAP
Sep - Nov, 2023 60,768 1,742 2,134 1,196 18.7 2.9 Jan 12, 2024 J-GAAP
Dec - Feb, 2023 59,166 2,541 2,900 1,937 30.3 4.3 Apr 5, 2024 J-GAAP
Mar - May, 2024 59,731 2,348 3,227 2,367 37.0 3.9 Jul 5, 2024 J-GAAP
Jun - Aug, 2024 57,528 -263 -338 -324 -5.1 -0.5 Oct 4, 2024 J-GAAP
YoY +4.0% +61.4% － － －

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