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SHIP HEALTHCARE HOLDINGS, INC., First Half Ordinary Profit Decreases by 17%, July-September Ordinary Profit Decreases by 28%

Fri Nov 8, 2024 3:30 pm JST Earnings

3360 SHIP HEALTHCARE HOLDINGS, INC. 【J-GAAP】

Earnings Report

SHIP HEALTHCARE HOLDINGS, INC. <3360> [TSE-P] announced its financial results after the market closed on November 8th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 16.8% from the same period last year to 8.41 billion yen. The progress rate against the 26 billion yen full-year plan was 32.4%, also falling below the five-year average of 40.9%.

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 16.5% from the same period last year, reaching 17.5 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 3.92 billion yen, a 28.1% decrease compared to the same period last year. The operating profit margin worsened from 3.6% in the same period last year to 2.7%.

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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 263,520 7,971 7,498 4,143 43.9 36.4 Nov 8, 2022 J-GAAP
Apr - Sep, 2023 296,771 9,238 10,116 3,686 39.1 40.1 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 310,032 7,743 8,414 5,539 58.7 32.4 Nov 8, 2024 J-GAAP
YoY +4.5% -16.2% -16.8% +50.3% +50.3%

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 300,000 8,500 8,500 5,000 53.0 0 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 310,032 7,743 8,414 5,539 58.7 0 Nov 8, 2024 J-GAAP
Revision Rate +3.3% -8.9% -1.0% +10.8% +10.8%

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 334,217 15,301 15,103 10,113 107.2 50 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 329,968 18,257 17,586 9,461 100.3 53 Nov 8, 2024 J-GAAP
YoY -1.3% +19.3% +16.4% -6.4% -6.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 572,285 21,144 20,607 12,063 127.9 42 May 12, 2023 J-GAAP
Mar, 2024 630,988 24,539 25,219 13,799 146.3 50 May 10, 2024 J-GAAP
Mar, 2025 Guidance 640,000 26,000 26,000 15,000 159.0 53 May 10, 2024 J-GAAP
YoY +1.4% +6.0% +3.1% +8.7% +8.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 150,304 5,396 5,468 688 7.3 3.6 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 156,286 5,892 5,672 3,538 37.5 3.8 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 177,931 9,409 9,431 6,575 69.7 5.3 May 10, 2024 J-GAAP
Apr - Jun, 2024 155,219 3,507 4,491 3,081 32.7 2.3 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 154,813 4,236 3,923 2,458 26.1 2.7 Nov 8, 2024 J-GAAP
YoY +3.0% -21.5% -28.3% +257.3% +257.3%

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