kabutan

SAXA, Inc., First Half Ordinary Profit Decreases by 44%

Fri Nov 8, 2024 3:30 pm JST Earnings

6675 SAXA, Inc. 【J-GAAP】

Earnings Report

SAXA, Inc. <6675> [TSE-S] announced its financial results after the market closed on November 8th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 43.8% from the same period last year to 1.23 billion yen. The progress rate against the 2.1 billion yen full-year plan was 58.9%, also surpassing the five-year average of 31.1%.

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 28.4% from the same period last year to 863 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 670 million yen, a 25.7% decrease compared to the same period last year. The operating profit margin worsened from 8.5% in the same period last year to 7.3%.

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 16,591 211 193 -279 -47.8 8.1 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 21,930 2,177 2,201 1,519 260.3 64.6 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 19,685 1,237 1,237 1,128 194.1 58.9 Nov 8, 2024 J-GAAP
YoY -10.2% -43.2% -43.8% -25.7% -25.4%

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 － － May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 19,685 1,237 1,237 1,128 194.1 0 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 19,018 1,168 1,205 1,281 219.5 135 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 22,315 863 863 272 47.0 135 Nov 8, 2024 J-GAAP
YoY +17.3% -26.1% -28.4% -78.8% -78.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 37,320 2,416 2,386 601 103.1 35 May 12, 2023 J-GAAP
Mar, 2024 40,948 3,345 3,406 2,800 479.9 135 May 10, 2024 J-GAAP
Mar, 2025 Guidance 42,000 2,100 2,100 1,400 241.8 135 May 29, 2024 J-GAAP
YoY +2.6% -37.2% -38.3% -50.0% -49.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 11,172 950 902 595 102.0 8.5 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 9,661 545 564 444 76.1 5.6 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 9,357 623 641 837 143.5 6.7 May 10, 2024 J-GAAP
Apr - Jun, 2024 9,120 467 567 256 44.1 5.1 Aug 2, 2024 J-GAAP
Jul - Sep, 2024 10,565 770 670 872 150.0 7.3 Nov 8, 2024 J-GAAP
YoY -5.4% -18.9% -25.7% +46.6% +47.1%

Related Articles