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Syuppin, Oct-Dec (3Q) Ordinary Profit Decreases by 33%

Fri Feb 7, 2025 3:30 pm JST Earnings

3179 Syuppin Co.,Ltd. 【J-GAAP】

Earnings Report

Syuppin Co.,Ltd. <3179> [TSE Prime] announced its financial results after the market closed on February 7th (15:30). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending March 2025 (April to December) was 2.63 billion yen, a 2.4% increase compared to the same period last year. However, the progress rate toward the full-year plan of 3.82 billion yen was 68.9%, also falling below the five-year average of 81.0%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the January to March period (4Q) is expected to expand 54.3% from the same period last year, reaching 1.19 billion yen.

In the most recent three-month period, from October to December (3Q), the ordinary profit dropped to 0.63 billion yen, a 32.9% decrease compared to the same period last year. The operating profit margin worsened from 7.2% in the same period last year to 4.8%.

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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
Apr - Dec, 2022 34,417 2,239 2,238 1,556 74.6 91.8 Feb 7, 2023 J-GAAP
Apr - Dec, 2023 36,473 2,574 2,573 1,777 84.3 76.9 Feb 7, 2024 J-GAAP
Apr - Dec, 2024 39,616 2,653 2,634 1,514 69.8 68.9 Feb 7, 2025 J-GAAP
YoY +8.6% +3.1% +2.4% -14.8% -17.2%

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
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
Oct - Dec, 2024 13,095 633 631 149 6.9 4.8 Feb 7, 2025 J-GAAP
YoY +0.0% -33.3% -32.9% -77.6% -78.3%

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