kabutan

SANKYO CO.,LTD., First Half Ordinary Profit Decreases by 20%

Thu Nov 7, 2024 11:30 am JST Earnings

6417 SANKYO CO.,LTD. 【J-GAAP】

Earnings Report

SANKYO CO.,LTD. <6417> [TSE-P] announced its financial results at noon (11:30) on November 7th. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 19.9% from the same period last year to 36.7 billion yen. However, The progress rate against the 62 billion yen full-year plan was 59.3%, also surpassing the five-year average of 34.2%.

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 7.5% from the same period last year to 25.2 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 19.1 billion yen, a 27.4% decrease compared to the same period last year. The operating profit margin decreased from 40.2% in the same period last year to 39.2%.

Kabutan News

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 69,963 26,415 26,842 21,306 73.4 45.2 Nov 7, 2022 J-GAAP
Apr - Sep, 2023 116,190 45,460 45,863 32,787 113.1 62.7 Nov 7, 2023 J-GAAP
Apr - Sep, 2024 90,729 36,288 36,740 26,235 119.5 59.3 Nov 7, 2024 J-GAAP
YoY -21.9% -20.2% -19.9% -20.0% +5.7%

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 90,000 35,000 35,000 25,000 114.0 40 Sep 19, 2024 J-GAAP
Apr - Sep, 2024 Results 90,729 36,288 36,740 26,235 119.5 40 Nov 7, 2024 J-GAAP
Revision Rate +0.8% +3.7% +5.0% +4.9% +4.9%

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 82,909 27,035 27,319 21,004 79.6 50 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 89,271 24,712 25,260 15,765 71.8 40 Nov 7, 2024 J-GAAP
YoY +7.7% -8.6% -7.5% -24.9% -9.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 157,296 58,532 59,341 46,893 161.5 30 May 11, 2023 J-GAAP
Mar, 2024 199,099 72,495 73,182 53,791 203.8 80 May 9, 2024 J-GAAP
Mar, 2025 Guidance 180,000 61,000 62,000 42,000 191.3 80 Sep 19, 2024 J-GAAP
YoY -9.6% -15.9% -15.3% -21.9% -6.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 65,413 26,272 26,381 18,707 64.5 40.2 Nov 7, 2023 J-GAAP
Oct - Dec, 2023 54,398 19,804 20,016 15,457 55.9 36.4 Feb 7, 2024 J-GAAP
Jan - Mar, 2024 28,511 7,231 7,303 5,547 21.0 25.4 May 9, 2024 J-GAAP
Apr - Jun, 2024 42,210 17,273 17,575 12,503 57.0 40.9 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 48,519 19,015 19,165 13,732 62.6 39.2 Nov 7, 2024 J-GAAP
YoY -25.8% -27.6% -27.4% -26.6% -3.1%

Related Articles