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Syuppin Co.,Ltd., July-September (2Q) Ordinary Profit Decreases by 4%

Fri Nov 8, 2024 3:30 pm JST Earnings

3179 Syuppin Co.,Ltd. 【J-GAAP】

Earnings Report

Syuppin Co.,Ltd. <3179> [TSE-P] announced its financial results after the market closed on November 8th (15:30). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 22.7% from the same period last year, reaching 2 billion yen. The progress rate against the 3.82 billion yen full-year plan was 52.4%, almost the same as the five-year average of 51.4%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to grow by 6.4% from the same period last year, reaching 1.82 billion yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit decreased to 778 million yen, a 4.4% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 6.7% in the same period last year to 6.5%.

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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 21,885 1,628 1,645 1,125 54.0 67.4 Nov 8, 2022 J-GAAP
Apr - Sep, 2023 23,381 1,625 1,632 1,111 52.7 48.8 Nov 8, 2023 J-GAAP
Apr - Sep, 2024 26,521 2,020 2,003 1,365 63.0 52.4 Nov 8, 2024 J-GAAP
YoY +13.4% +24.3% +22.7% +22.9% +19.5%

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 27,464 1,819 1,804 1,244 57.2 0 May 9, 2024 J-GAAP
Apr - Sep, 2024 Results 26,521 2,020 2,003 1,365 63.0 0 Nov 8, 2024 J-GAAP
Revision Rate -3.4% +11.1% +11.0% +9.7% +10.2%

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 25,460 1,718 1,712 1,211 57.4 36 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 30,096 1,834 1,821 1,274 58.5 40 Nov 8, 2024 J-GAAP
YoY +18.2% +6.8% +6.4% +5.2% +1.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 45,618 2,463 2,439 1,697 81.2 30 May 10, 2023 J-GAAP
Mar, 2024 48,841 3,343 3,344 2,322 110.1 36 May 9, 2024 J-GAAP
Mar, 2025 Guidance 56,617 3,854 3,824 2,639 121.2 40 May 9, 2024 J-GAAP
YoY +15.9% +15.3% +14.4% +13.7% +10.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 12,065 806 814 565 26.8 6.7 Nov 8, 2023 J-GAAP
Oct - Dec, 2023 13,092 949 941 666 31.6 7.2 Feb 7, 2024 J-GAAP
Jan - Mar, 2024 12,368 769 771 545 25.8 6.2 May 9, 2024 J-GAAP
Apr - Jun, 2024 13,716 1,186 1,225 843 39.1 8.6 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 12,805 834 778 522 24.1 6.5 Nov 8, 2024 J-GAAP
YoY +6.1% +3.5% -4.4% -7.6% -10.1%

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