SEGA SAMMY HOLDINGS INC., First Half Ordinary Profit Decreases by 21%

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Fri Nov 8, 2024 11:30 am JST Earnings

6460 SEGA SAMMY HOLDINGS INC. 【J-GAAP】

Earnings Report

SEGA SAMMY HOLDINGS INC. <6460> [TSE-P] announced its financial results at noon (11:30) on November 8th. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 21.4% from the same period last year to 33 billion yen. However, The progress rate against the 48 billion yen full-year plan was 68.9%, also surpassing the five-year average of 47.4%.

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 14.9 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 11.2 billion yen, a 40.7% decrease compared to the same period last year. The operating profit margin decreased from 15.3% in the same period last year to 12.6%.

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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	150,095	9,574	12,300	9,619	43.6	24.9	Oct 31, 2022	J-GAAP
Apr - Sep, 2023	221,620	40,058	42,086	23,182	105.0	70.4	Nov 8, 2023	J-GAAP
Apr - Sep, 2024	211,663	32,816	33,095	30,385	140.8	68.9	Nov 8, 2024	J-GAAP
YoY	-4.5%	-18.1%	-21.4%	+31.1%	+34.0%

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	－	25	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	211,663	32,816	33,095	30,385	140.8	25	Nov 8, 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	246,276	16,778	17,692	9,873	45.0	27	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	233,337	12,184	14,905	8,615	40.4	25	Nov 8, 2024	J-GAAP
YoY	-5.3%	-27.4%	-15.8%	-12.7%	-10.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	389,635	46,789	49,473	45,938	208.1	59	Apr 28, 2023	J-GAAP
Mar, 2024	467,896	56,836	59,778	33,055	150.8	50	May 10, 2024	J-GAAP
Mar, 2025 Guidance	445,000	45,000	48,000	39,000	182.9	50	May 10, 2024	J-GAAP
YoY	-4.9%	-20.8%	-19.7%	+18.0%	+21.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	113,361	17,293	18,990	5,923	26.8	15.3	Nov 8, 2023	J-GAAP
Oct - Dec, 2023	128,304	14,387	15,210	12,145	55.1	11.2	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	117,972	2,391	2,482	-2,272	-10.4	2.0	May 10, 2024	J-GAAP
Apr - Jun, 2024	104,755	19,341	21,830	24,525	113.5	18.5	Aug 7, 2024	J-GAAP
Jul - Sep, 2024	106,908	13,475	11,265	5,860	27.1	12.6	Nov 8, 2024	J-GAAP
YoY	-5.7%	-22.1%	-40.7%	-1.1%	+1.2%