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Sumitomo Riko, The Current Fiscal Year Net Income Revised Upward by 12%, Raises Record High Profit Forecast, Dividend Revised Upward by 7 yen

Wed Jan 29, 2025 12:00 pm JST Earnings

5191 Sumitomo Riko Company Limited 【IFRS】

Earnings Report

Sumitomo Riko Company Limited <5191> [TSE Prime] announced its financial results (based on IFRS) at noon (12:00) on January 29th. The consolidated net income for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 22.1 billion yen, an increase 65.7% compared to the same period last year.

In addition, the full-year consolidated net income has been revised upward 12.2%, from the previous forecast of 22.2 billion yen to 24.9 billion yen (compared to 18.6 billion yen in the previous period), increasing the growth rate from 19.1% to 33.6%, further surpassing the previous forecast of record-high profits for two consecutive terms.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated net income for the October to March period (2H) is expected to increase 22.2%, from the previous forecast of 12.1 billion yen to 14.8 billion yen (compared to 12.8 billion yen in the same period of the previous year), turning to a 16.0% increase in the consolidated net income outlook.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 53 yen to 60 yen (compared to 36 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated net income increased 60.8% from the same period last year, reaching 12.1 billion yen. The operating profit margin improved from 7.7% in the same period last year to 9.7%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Dec, 2022 395,106 4,835 3,964 -2,529 -24.4 26.6 Feb 1, 2023 IFRS
Apr - Dec, 2023 457,121 24,456 21,834 13,389 129.0 70.9 Jan 31, 2024 IFRS
Apr - Dec, 2024 471,271 33,119 30,914 22,188 213.7 84.7 Jan 29, 2025 IFRS
YoY +3.1% +35.4% +41.6% +65.7% +65.7%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Prev 305,831 18,922 17,080 12,170 117.2 29 Oct 31, 2024 IFRS
Oct - Mar, 2024 New 320,831 22,422 20,780 14,870 143.2 36 Jan 29, 2025 IFRS
Revision Rate +4.9% +18.5% +21.7% +22.2% +22.2%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 615,000 36,300 32,800 22,200 213.8 53 Oct 31, 2024 IFRS
Mar, 2025 New 630,000 39,800 36,500 24,900 239.8 60 Jan 29, 2025 IFRS
Revision Rate +2.4% +9.6% +11.3% +12.2% +12.2%

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 317,571 21,789 20,210 12,814 123.4 28 May 9, 2024 IFRS
Oct - Mar, 2024 Guidance 320,831 22,422 20,780 14,870 143.2 36 Jan 29, 2025 IFRS
YoY +1.0% +2.9% +2.8% +16.0% +16.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 541,010 16,560 14,908 6,683 64.4 15 May 10, 2023 IFRS
Mar, 2024 615,449 33,977 30,805 18,641 179.5 36 May 9, 2024 IFRS
Mar, 2025 Guidance 630,000 39,800 36,500 24,900 239.8 60 Jan 29, 2025 IFRS
YoY +2.4% +17.1% +18.5% +33.6% +33.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 159,243 12,268 11,239 7,562 72.8 7.7 Jan 31, 2024 IFRS
Jan - Mar, 2024 158,328 9,521 8,971 5,252 50.6 6.0 May 9, 2024 IFRS
Apr - Jun, 2024 157,615 8,998 8,563 5,924 57.1 5.7 Jul 31, 2024 IFRS
Jul - Sep, 2024 151,554 8,380 7,157 4,106 39.6 5.5 Oct 31, 2024 IFRS
Oct - Dec, 2024 162,102 15,741 15,194 12,158 117.1 9.7 Jan 29, 2025 IFRS
YoY +1.8% +28.3% +35.2% +60.8% +60.8%

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