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Sintokogio,Ltd., The Current Fiscal Year Ordinary Profit Revised Downward by 47%

Wed Nov 6, 2024 3:40 pm JST Earnings

6339 Sintokogio,Ltd. 【J-GAAP】

Earnings Report

Sintokogio,Ltd. <6339> [TSE-P] announced its financial results after the market closed on November 6th (15:40). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) significantly dropped by 52.2% from the same period last year to 1.38 billion yen, fell short of the previous forecast of 2.8 billion yen.

In addition, the full-year consolidated ordinary profit has downwardly by 46.8%, from the previous forecast of 6.2 billion yen to 3.3 billion yen (compared to 7.51 billion yen in the previous period), leading to an increase in the profit decline rate from 17.4% to 56.1%.

Based on the first-half performance announced by the company and the 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 58.5% from the same period last year to 1.91 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 669 million yen, a 54.4% decrease compared to the same period last year. The operating profit margin worsened from 3.5% in the same period last year to 2.4%.

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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 52,007 243 1,473 741 14.1 37.3 Nov 8, 2022 J-GAAP
Apr - Sep, 2023 55,282 1,769 2,906 1,773 33.9 38.7 Nov 7, 2023 J-GAAP
Apr - Sep, 2024 67,995 631 458 -282 -5.4 13.9 Nov 6, 2024 J-GAAP
YoY +23.0% -64.3% -84.2% － －

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 67,000 2,700 2,800 1,800 34.3 22 May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 67,995 631 458 -282 -5.4 22 Nov 6, 2024 J-GAAP
Revision Rate +1.5% -76.6% -83.6% － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 147,000 5,800 6,200 4,000 76.3 44 May 13, 2024 J-GAAP
Mar, 2025 New 147,000 3,500 3,300 2,000 38.1 44 Nov 6, 2024 J-GAAP
Revision Rate 0.0% -39.7% -46.8% -50.0% -50.0%

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 60,213 3,640 4,604 6,933 132.4 24 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 79,005 2,869 2,842 2,282 43.5 22 Nov 6, 2024 J-GAAP
YoY +31.2% -21.2% -38.3% -67.1% -67.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 106,381 2,242 3,951 6,187 117.9 36 May 12, 2023 J-GAAP
Mar, 2024 115,495 5,409 7,510 8,706 166.2 44 May 13, 2024 J-GAAP
Mar, 2025 Guidance 147,000 3,500 3,300 2,000 38.1 44 Nov 6, 2024 J-GAAP
YoY +27.3% -35.3% -56.1% -77.0% -77.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 30,566 1,067 1,467 809 15.5 3.5 Nov 7, 2023 J-GAAP
Oct - Dec, 2023 28,696 1,570 1,909 1,342 25.6 5.5 Feb 7, 2024 J-GAAP
Jan - Mar, 2024 31,517 2,070 2,695 5,591 106.8 6.6 May 13, 2024 J-GAAP
Apr - Jun, 2024 25,766 535 720 254 4.9 2.1 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 42,229 96 -262 -536 -10.2 0.2 Nov 6, 2024 J-GAAP
YoY +38.2% -91.0% － － －

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