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SRE Holdings Corporation, First Half Ordinary Profit Increases by 2.2 times, July-September Ordinary Profit Increases by 4%

Mon Nov 11, 2024 3:30 pm JST Earnings

2980 SRE Holdings Corporation 【J-GAAP】

Earnings Report

SRE Holdings Corporation <2980> [TSE-P] announced its financial results after the market closed on November 11th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 2.2 times that of the same period last year, reaching 1.19 billion yen. The progress rate against the 2.9 billion yen full-year plan was 41.2%, exceeding the five-year average of 30.8%.

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 11.9% from the same period last year, reaching 1.7 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 3.5% from the same period last year, reaching 380 million yen. However, the operating profit margin significantly dropped from 12.6% in the same period last year to 8.6%.

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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 6,517 761 693 640 41.1 45.0 Oct 31, 2022 J-GAAP
Apr - Sep, 2023 7,500 608 534 368 22.8 25.9 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 10,152 1,289 1,195 663 41.2 41.2 Nov 11, 2024 J-GAAP
YoY +35.4% +112.0% +123.8% +80.2% +81.2%

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 ー ー ー ー － 0 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 10,152 1,289 1,195 663 41.2 0 Nov 11, 2024 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
Oct - Mar, 2023 16,718 1,604 1,524 1,020 63.1 0 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 16,848 1,761 1,705 1,187 73.7 0 Nov 11, 2024 J-GAAP
YoY +0.8% +9.8% +11.9% +16.4% +16.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 18,541 1,686 1,540 1,148 71.1 0 May 10, 2023 J-GAAP
Mar, 2024 24,218 2,212 2,058 1,388 85.8 0 May 14, 2024 J-GAAP
Mar, 2025 Guidance 27,000 3,050 2,900 1,850 114.9 0 May 14, 2024 J-GAAP
YoY +11.5% +37.9% +40.9% +33.3% +33.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 3,210 406 367 235 14.5 12.6 Oct 31, 2023 J-GAAP
Oct - Dec, 2023 5,297 902 859 564 34.9 17.0 Jan 29, 2024 J-GAAP
Jan - Mar, 2024 11,421 702 665 456 28.2 6.1 May 14, 2024 J-GAAP
Apr - Jun, 2024 5,067 851 815 497 30.9 16.8 Aug 6, 2024 J-GAAP
Jul - Sep, 2024 5,085 438 380 166 10.3 8.6 Nov 11, 2024 J-GAAP
YoY +58.4% +7.9% +3.5% -29.4% -28.9%

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