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SUIDO KIKO KAISHA, The Current Fiscal Year Net Income Revised Downward to an Unexpected 18% Decrease

Thu Feb 6, 2025 4:30 pm JST Earnings

6403 SUIDO KIKO KAISHA,LTD 【J-GAAP】

Earnings Report

SUIDO KIKO KAISHA,LTD <6403> [TSE Std] announced its financial results after the market closed on February 6th (16:30). The consolidated net loss for the cumulative third quarter of the fiscal year ending March 2025 (April to December) was a reduced loss of 0.22 billion yen (compared to a loss of 0.68 billion yen in the same period last year).

However, the full-year consolidated net income has decreased 57.1%, from the previous forecast of 0.7 billion yen to 0.3 billion yen (compared to 0.36 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 18.3% decrease in profit.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated net income for the October to March period (2H) has decreased 46.2%, from the previous forecast of 0.86 billion yen to 0.46 billion yen (compared to 1.09 billion yen in the same period of the previous year), leading to an increase in the profit decline rate from 21.3% to 57.7%.

In the most recent three-month period, from October to December (3Q), the consolidated net income/loss turned to a loss of 0.05 billion yen (compared to a profit of 0.05 billion yen in the same period last year). The operating profit margin drastically worsened from 6.5% in the same period last year to 3.2%.

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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 13,710 -308 -588 -363 -84.7 ー Feb 7, 2023 J-GAAP
Apr - Dec, 2023 12,215 -523 -796 -681 -158.9 ー Feb 8, 2024 J-GAAP
Apr - Dec, 2024 15,693 -583 -400 -220 -51.4 ー Feb 6, 2025 J-GAAP
YoY +28.5% -11.5% +49.7% +67.7% +67.7%

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 18,086 1,886 1,366 865 202.0 55 Nov 7, 2024 J-GAAP
Oct - Mar, 2024 New 19,576 2,086 1,366 465 108.6 55 Feb 6, 2025 J-GAAP
Revision Rate +8.2% +10.6% 0.0% -46.2% -46.2%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 27,350 1,100 1,100 700 163.5 55 May 9, 2024 J-GAAP
Mar, 2025 New 28,840 1,300 1,100 300 70.1 55 Feb 6, 2025 J-GAAP
Revision Rate +5.4% +18.2% 0.0% -57.1% -57.1%

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 14,530 1,306 1,548 1,099 256.8 55 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 19,576 2,086 1,366 465 108.6 55 Feb 6, 2025 J-GAAP
YoY +34.7% +59.7% -11.8% -57.7% -57.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 21,929 761 409 273 63.9 55 May 11, 2023 J-GAAP
Mar, 2024 21,634 450 661 367 85.7 55 May 9, 2024 J-GAAP
Mar, 2025 Guidance 28,840 1,300 1,100 300 70.1 55 Feb 6, 2025 J-GAAP
YoY +33.3% +188.9% +66.4% -18.3% -18.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 5,111 333 91 51 11.9 6.5 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 9,419 973 1,457 1,048 244.8 10.3 May 9, 2024 J-GAAP
Apr - Jun, 2024 4,018 -618 -499 -249 -58.2 -15.4 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 5,246 -168 233 84 19.7 -3.2 Nov 7, 2024 J-GAAP
Oct - Dec, 2024 6,429 203 -134 -55 -12.9 3.2 Feb 6, 2025 J-GAAP
YoY +25.8% -39.0% － － －

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