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Shinwa Co., Ltd., First Half Net Income Revised Upward to an Unexpected 56% Increase

Mon Nov 11, 2024 11:30 am JST Revision

3447 Shinwa Co., Ltd. 【IFRS】

Guidance Update Report

Shinwa Co., Ltd. <3447> [TSE-S] announced a performance revision at noon (11:30) on November 11th. The consolidated net income for the cumulative second quarter of the fiscal year ending March 2025 (April to September) has been revised upward by 79.1%, from the previous forecast of 296 million yen to 530 million yen (compared to 339 million yen in the same period of the previous year), turning to a 56.3% increase in the consolidated net income outlook.

Furthermore, the full-year net income forecast remains unchanged from the estimate of 1 billion yen(compared to 409 million yen in the previous period).

Kabutan News

Guidance Update

First Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Prev 6,647 495 441 296 21.3 16 May 10, 2024 IFRS
Apr - Sep, 2024 New 8,542 871 815 530 38.1 16 Nov 11, 2024 IFRS
Revision Rate +28.5% +76.0% +84.8% +79.1% +79.0%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2023 6,621 520 496 339 24.4 16 Nov 10, 2023 IFRS
Apr - Sep, 2024 Guidance 8,542 871 815 530 38.1 16 Nov 11, 2024 IFRS
YoY +29.0% +67.5% +64.3% +56.3% +56.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 14,757 1,501 1,434 1,007 72.5 32 May 12, 2023 IFRS
Mar, 2024 12,678 700 652 409 29.5 32 May 10, 2024 IFRS
Mar, 2025 Guidance 16,000 1,600 1,494 1,000 71.9 32 May 10, 2024 IFRS
YoY +26.2% +128.6% +129.1% +144.5% +144.0%

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