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SK KAKEN CO.,LTD., First Half Ordinary Profit Decreases by 35%, July-September Ordinary Profit Decreases by 93%

Mon Nov 11, 2024 3:30 pm JST Earnings

4628 SK KAKEN CO.,LTD. 【J-GAAP】

Earnings Report

SK KAKEN CO.,LTD. <4628> [TSE-S] announced its financial results after the market closed on November 11th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 34.7% from the same period last year to 6.19 billion yen. The progress rate against the 13.7 billion yen full-year plan was 45.2%, also falling below the five-year average of 50.3%.

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 nearly flat at 7.5 billion yen, down 0.9% from the same period last year.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 294 million yen, a 92.6% decrease compared to the same period last year. However, the operating profit margin rose from 10.8% in the same period last year to 11.0%.

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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 45,529 4,549 8,828 6,032 447.5 69.0 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 49,000 5,606 9,485 6,652 493.4 55.6 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 52,116 6,143 6,192 4,617 342.5 45.2 Nov 11, 2024 J-GAAP
YoY +6.4% +9.6% -34.7% -30.6% -30.6%

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 50,000 5,700 6,400 4,400 326.2 0 May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 52,116 6,143 6,192 4,617 342.5 0 Nov 11, 2024 J-GAAP
Revision Rate +4.2% +7.8% -3.3% +4.9% +5.0%

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 51,883 6,479 7,573 5,173 383.7 135 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 50,884 6,057 7,508 4,883 362.0 120 Nov 11, 2024 J-GAAP
YoY -1.9% -6.5% -0.9% -5.6% -5.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 95,580 9,941 12,803 9,034 670.2 80 May 12, 2023 J-GAAP
Mar, 2024 100,883 12,085 17,058 11,825 877.2 135 May 13, 2024 J-GAAP
Mar, 2025 Guidance 103,000 12,200 13,700 9,500 704.2 120 May 13, 2024 J-GAAP
YoY +2.1% +1.0% -19.7% -19.7% -19.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 24,440 2,635 3,954 2,802 207.8 10.8 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 28,872 3,966 2,940 2,132 158.2 13.7 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 23,011 2,513 4,633 3,041 225.6 10.9 May 13, 2024 J-GAAP
Apr - Jun, 2024 26,249 3,294 5,898 4,130 306.4 12.5 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 25,867 2,849 294 487 36.1 11.0 Nov 11, 2024 J-GAAP
YoY +5.8% +8.1% -92.6% -82.6% -82.6%

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