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Sanyo Trading, First Half Ordinary Profit Decreases by 11%, Jan-Mar Ordinary Profit Decreases by 31%

Fri May 9, 2025 2:00 pm JST Earnings

3176 Sanyo Trading Co., Ltd. 【J-GAAP】

Earnings Report

Sanyo Trading Co., Ltd. <3176> [TSE Prime] announced its financial results in the afternoon session on May 9th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending September 2025 (October 2024 to March 2025) decreased 10.6% from the same period last year to 4.41 billion yen. However, the progress rate toward the full-year plan of 7.5 billion yen was 58.8%, almost the same as the five-year average of 59.8%.

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 April to September period (2H) is expected to grow 4.0% from the same period last year, reaching 3.09 billion yen.

In the most recent three-month period, from January to March (2Q), the consolidated ordinary profit dropped to 1.86 billion yen, a 31.1% decrease compared to the same period last year. However, the operating profit margin remained almost flat, changing from 6.3% in the same period last year to 6.4%.

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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
Oct - Mar, 2022 62,154 3,791 3,757 2,521 87.8 53.0 May 10, 2023 J-GAAP
Oct - Mar, 2023 64,928 4,317 4,935 3,146 109.3 62.4 May 9, 2024 J-GAAP
Oct - Mar, 2024 68,129 4,104 4,410 3,451 119.9 58.8 May 9, 2025 J-GAAP
YoY +4.9% -4.9% -10.6% +9.7% +9.6%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Guidance ー ー ー ー － 28 Nov 7, 2024 J-GAAP
Oct - Mar, 2024 Results 68,129 4,104 4,410 3,451 119.9 28 May 9, 2025 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
Apr - Sep, 2024 64,335 2,755 2,970 2,061 71.6 33 Nov 7, 2024 J-GAAP
Apr - Sep, 2025 Guidance 63,871 2,996 3,090 1,449 50.3 29 May 9, 2025 J-GAAP
YoY -0.7% +8.7% +4.0% -29.7% -29.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2023 120,525 6,527 7,090 4,785 166.4 43 Nov 7, 2023 J-GAAP
Sep, 2024 129,263 7,072 7,905 5,207 180.9 55 Nov 7, 2024 J-GAAP
Sep, 2025 Guidance 132,000 7,100 7,500 4,900 170.1 57 Nov 7, 2024 J-GAAP
YoY +2.1% +0.4% -5.1% -5.9% -6.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2024 31,853 2,012 2,702 1,773 61.6 6.3 May 9, 2024 J-GAAP
Apr - Jun, 2024 31,018 1,560 2,358 1,576 54.8 5.0 Aug 6, 2024 J-GAAP
Jul - Sep, 2024 33,317 1,195 612 485 16.9 3.6 Nov 7, 2024 J-GAAP
Oct - Dec, 2024 33,983 1,931 2,547 1,479 51.4 5.7 Feb 7, 2025 J-GAAP
Jan - Mar, 2025 34,146 2,173 1,863 1,972 68.5 6.4 May 9, 2025 J-GAAP
YoY +7.2% +8.0% -31.1% +11.2% +11.2%

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