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Solasto Corporation, First Half Ordinary Profit Increases by 39%, July-September Ordinary Profit Increases by 33%

Mon Nov 11, 2024 3:30 pm JST Earnings

6197 Solasto Corporation 【J-GAAP】

Earnings Report

Solasto Corporation <6197> [TSE-P] 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) expanded to 3.45 billion yen, an increase of 39.1% compared to the same period last year. The progress rate against the 6.05 billion yen full-year plan was 57.1%, also surpassing the five-year average of 48.7%.

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 decrease by 15.8% from the same period last year to 2.59 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 32.6% from the same period last year, reaching 1.85 billion yen. The operating profit margin improved from 3.9% in the same period last year to 5.7%.

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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 65,140 3,120 3,266 1,852 19.6 48.4 Nov 9, 2022 J-GAAP
Apr - Sep, 2023 66,983 2,510 2,483 3,890 41.1 44.6 Nov 8, 2023 J-GAAP
Apr - Sep, 2024 68,388 3,678 3,455 1,935 21.0 57.1 Nov 11, 2024 J-GAAP
YoY +2.1% +46.5% +39.1% -50.3% -49.0%

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 ー ー ー ー － 10 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 68,388 3,678 3,455 1,935 21.0 10 Nov 11, 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 68,156 3,007 3,081 -1,633 -17.4 10 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 70,612 2,522 2,595 565 6.1 10 Nov 11, 2024 J-GAAP
YoY +3.6% -16.1% -15.8% － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 131,088 6,325 6,747 3,172 33.5 20 May 11, 2023 J-GAAP
Mar, 2024 135,139 5,517 5,564 2,257 24.1 20 May 10, 2024 J-GAAP
Mar, 2025 Guidance 139,000 6,200 6,050 2,500 27.1 20 May 10, 2024 J-GAAP
YoY +2.9% +12.4% +8.7% +10.8% +12.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 34,060 1,315 1,402 500 5.3 3.9 Nov 8, 2023 J-GAAP
Oct - Dec, 2023 34,055 1,550 1,598 516 5.5 4.6 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 34,101 1,457 1,483 -2,149 -23.0 4.3 May 10, 2024 J-GAAP
Apr - Jun, 2024 34,101 1,714 1,596 853 9.3 5.0 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 34,287 1,964 1,859 1,082 11.7 5.7 Nov 11, 2024 J-GAAP
YoY +0.7% +49.4% +32.6% +116.4% +121.9%

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