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SEIKAGAKU CORPORATION, July-September (2Q) Ordinary Profit Decreases by 54%

Fri Nov 8, 2024 4:00 pm JST Earnings

4548 SEIKAGAKU CORPORATION 【J-GAAP】

Earnings Report

SEIKAGAKU CORPORATION <4548> [TSE-P] announced its financial results after the market closed on November 8th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was 2.35 billion yen, a 1.2% increase compared to the same period last year. The progress rate against the 4.55 billion yen full-year plan was 51.7%, it was below the five-year average of 94.2%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the October to March period (second half) is expected to turn into a profit of 2.19 billion yen (compared to a loss of 636 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 168 million yen, a 54.3% decrease compared to the same period last year. However, the operating profit margin drastically improved from 2.2% in the same period last year to 8.8%.

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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 17,258 2,610 3,600 3,141 56.3 117.3 Nov 8, 2022 J-GAAP
Apr - Sep, 2023 18,061 1,482 2,327 2,102 38.5 137.6 Nov 8, 2023 J-GAAP
Apr - Sep, 2024 20,210 2,537 2,354 1,931 35.4 51.7 Nov 8, 2024 J-GAAP
YoY +11.9% +71.2% +1.2% -8.1% -8.2%

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 － 15 May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 20,210 2,537 2,354 1,931 35.4 15 Nov 8, 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 18,152 -1,049 -636 84 1.5 13 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 19,790 1,413 2,196 1,519 27.8 15 Nov 8, 2024 J-GAAP
YoY +9.0% － － +1,708.3% +1,707.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 33,456 2,114 3,069 2,236 40.5 26 May 12, 2023 J-GAAP
Mar, 2024 36,213 433 1,691 2,186 40.1 26 May 13, 2024 J-GAAP
Mar, 2025 Guidance 40,000 3,950 4,550 3,450 63.2 30 May 13, 2024 J-GAAP
YoY +10.5% +812.2% +169.1% +57.8% +57.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 8,400 184 368 215 3.9 2.2 Nov 8, 2023 J-GAAP
Oct - Dec, 2023 9,323 846 722 599 11.0 9.1 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 8,829 -1,895 -1,358 -515 -9.4 -21.5 May 13, 2024 J-GAAP
Apr - Jun, 2024 10,022 1,640 2,186 1,901 34.8 16.4 Aug 5, 2024 J-GAAP
Jul - Sep, 2024 10,188 897 168 30 0.6 8.8 Nov 8, 2024 J-GAAP
YoY +21.3% +387.5% -54.3% -86.0% -86.0%

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