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SRA Holdings,Inc., First Half Ordinary Profit Decreases by 32%, July-September Ordinary Profit Decreases by 73%

Wed Nov 13, 2024 4:00 pm JST Earnings

3817 SRA Holdings,Inc. 【J-GAAP】

Earnings Report

SRA Holdings,Inc. <3817> [TSE-P] announced its financial results after the market closed on November 13th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 31.8% from the same period last year to 3.14 billion yen. The progress rate against the 7.35 billion yen full-year plan was 42.7%, also falling below the five-year average of 48.8%.

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 October to March period (second half) is expected to grow by 6.0% from the same period last year, reaching 4.2 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 614 million yen, a 72.9% decrease compared to the same period last year. However, the operating profit margin rose from 16.0% in the same period last year to 16.7%.

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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 20,949 2,782 5,021 2,564 207.9 69.7 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 22,612 3,270 4,604 2,883 232.0 53.7 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 23,849 3,615 3,142 2,062 163.5 42.7 Nov 13, 2024 J-GAAP
YoY +5.5% +10.6% -31.8% -28.5% -29.5%

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 ー ー ー ー － 80 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 23,849 3,615 3,142 2,062 163.5 80 Nov 13, 2024 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
Oct - Mar, 2023 24,513 3,637 3,971 1,701 136.5 120 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 25,651 3,685 4,208 2,538 200.9 90 Nov 13, 2024 J-GAAP
YoY +4.6% +1.3% +6.0% +49.2% +47.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 42,864 6,004 7,201 879 71.1 140 May 18, 2023 J-GAAP
Mar, 2024 47,125 6,907 8,575 4,584 367.8 160 May 14, 2024 J-GAAP
Mar, 2025 Guidance 49,500 7,300 7,350 4,600 364.1 170 May 14, 2024 J-GAAP
YoY +5.0% +5.7% -14.3% +0.3% -1.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 11,911 1,911 2,262 1,447 116.4 16.0 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 10,918 1,776 1,272 723 58.1 16.3 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 13,595 1,861 2,699 978 78.5 13.7 May 14, 2024 J-GAAP
Apr - Jun, 2024 11,822 1,609 2,528 1,617 128.4 13.6 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 12,027 2,006 614 445 35.3 16.7 Nov 13, 2024 J-GAAP
YoY +1.0% +5.0% -72.9% -69.2% -69.7%

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