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SANIX INCORPORATED, First Half Ordinary Profit Decreases by 63%, July-September Ordinary Profit Decreases by 46%

Thu Nov 14, 2024 3:30 pm JST Earnings

4651 SANIX HOLDINGS INCORPORATED 【J-GAAP】

Earnings Report

SANIX INCORPORATED <4651> [TSE-S] announced its financial results after the market closed on November 14th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) significantly dropped by 62.8% from the same period last year to 499 million yen. The progress rate against the 1.44 billion yen full-year plan was 34.7%, also falling below the five-year average of 52.0%.

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 significant drop by 55.7% from the same period last year to 941 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 684 million yen, a 46.1% decrease compared to the same period last year. The operating profit margin significantly dropped from 11.5% in the same period last year to 7.0%.

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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 22,649 746 611 442 9.3 39.4 Nov 14, 2022 J-GAAP
Apr - Sep, 2023 22,589 1,481 1,343 1,126 23.6 38.7 Nov 14, 2023 J-GAAP
Apr - Sep, 2024 21,259 650 499 270 5.7 34.7 Nov 14, 2024 J-GAAP
YoY -5.9% -56.1% -62.8% -76.0% -76.0%

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 22,726 613 483 366 7.7 0 May 15, 2024 J-GAAP
Apr - Sep, 2024 Results 21,259 650 499 270 5.7 0 Nov 14, 2024 J-GAAP
Revision Rate -6.5% +6.0% +3.3% -26.2% -26.2%

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 24,578 2,263 2,123 1,571 32.9 0 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 24,987 1,065 941 823 17.2 0 Nov 14, 2024 J-GAAP
YoY +1.7% -52.9% -55.7% -47.6% -47.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 46,277 1,785 1,552 1,332 27.9 0 May 15, 2023 J-GAAP
Mar, 2024 47,167 3,744 3,466 2,697 56.4 0 May 15, 2024 J-GAAP
Mar, 2025 Guidance 46,246 1,715 1,440 1,093 22.9 0 May 15, 2024 J-GAAP
YoY -2.0% -54.2% -58.5% -59.5% -59.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 11,508 1,327 1,270 1,063 22.2 11.5 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 11,686 938 899 680 14.2 8.0 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 12,892 1,325 1,224 891 18.6 10.3 May 15, 2024 J-GAAP
Apr - Jun, 2024 10,288 -116 -185 -255 -5.3 -1.1 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 10,971 766 684 525 11.0 7.0 Nov 14, 2024 J-GAAP
YoY -4.7% -42.3% -46.1% -50.6% -50.6%

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