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SHOWA SHINKU, Apr-Dec (Cumulative 3Q) Ordinary Profit Turns to Profit

Mon Feb 10, 2025 4:00 pm JST Earnings

6384 SHOWA SHINKU CO.,LTD. 【J-GAAP】

Earnings Report

SHOWA SHINKU CO.,LTD. <6384> [TSE Std] announced its financial results after the market closed on February 10th (16:00). The consolidated ordinary profit/loss for the cumulative third quarter of the fiscal year ending March 2025 (April to December) turned into a profit of 116 million yen (compared to a loss of 117 million yen in the same period last year). However, the progress rate toward the full-year plan of 465 million yen was 24.9%, also falling below the five-year average of 72.3%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to decrease 3.1% from the same period last year to 349 million yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit/loss turned to a profit of 132 million yen (compared to a loss of 152 million yen in the same period last year). The operating profit/loss margin drastically improved from -11.4% in the same period last year to 4.2%.

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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 7,262 725 762 554 90.0 70.8 Feb 9, 2023 J-GAAP
Apr - Dec, 2023 4,535 -139 -117 -105 -17.1 Feb 9, 2024 J-GAAP
Apr - Dec, 2024 4,483 90 116 53 8.7 24.9 Feb 10, 2025 J-GAAP
YoY -1.1%

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 4,201 189 208 150 24.4 70 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 6,072 456 481 337 54.7 70 Nov 8, 2024 J-GAAP
YoY +44.5% +141.3% +131.3% +124.7% +124.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 10,127 1,017 1,077 779 126.6 70 May 11, 2023 J-GAAP
Mar, 2024 7,463 195 243 164 26.7 70 May 10, 2024 J-GAAP
Mar, 2025 Guidance 8,662 466 465 297 48.2 70 Nov 8, 2024 J-GAAP
YoY +16.1% +139.0% +91.4% +81.1% +80.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 1,273 -145 -152 -119 -19.3 -11.4 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 2,928 334 360 269 43.8 11.4 May 10, 2024 J-GAAP
Apr - Jun, 2024 852 -101 -112 -95 -15.5 -11.9 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 1,738 111 96 55 9.0 6.4 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 1,893 80 132 93 15.2 4.2 Feb 10, 2025 J-GAAP
YoY +48.7%

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