SANKO CO.,LTD., First Half Ordinary Profit Decreases by 43%

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Fri Nov 8, 2024 4:00 pm JST Earnings

6964 SANKO CO.,LTD. 【J-GAAP】

Earnings Report

SANKO CO.,LTD. <6964> [TSE-S] announced its financial results after the market closed on November 8th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 42.7% from the same period last year to 326 million yen. The progress rate against the 570 million yen full-year plan was 57.2%, also surpassing the five-year average of 46.6%.

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 drop by 41.9% from the same period last year to 244 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 211 million yen, a 26.2% decrease compared to the same period last year. The operating profit margin worsened from 5.7% in the same period last year to 4.1%.

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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	7,601	228	306	224	25.2	53.9	Nov 4, 2022	J-GAAP
Apr - Sep, 2023	8,515	415	569	399	45.0	57.5	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	8,127	266	326	230	26.0	57.2	Nov 8, 2024	J-GAAP
YoY	-4.6%	-35.9%	-42.7%	-42.4%	-42.3%

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	8,200	220	250	180	20.3	0	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	8,127	266	326	230	26.0	0	Nov 8, 2024	J-GAAP
Revision Rate	-0.9%	+20.9%	+30.4%	+27.8%	+28.0%

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	8,421	356	420	305	34.4	22	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	8,873	234	244	180	20.3	20	Nov 8, 2024	J-GAAP
YoY	+5.4%	-34.3%	-41.9%	-41.0%	-41.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	15,674	494	568	420	47.3	13	May 12, 2023	J-GAAP
Mar, 2024	16,936	771	989	704	79.4	22	May 10, 2024	J-GAAP
Mar, 2025 Guidance	17,000	500	570	410	46.2	20	May 10, 2024	J-GAAP
YoY	+0.4%	-35.1%	-42.4%	-41.8%	-41.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	4,404	249	286	211	23.8	5.7	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	4,469	240	226	159	17.9	5.4	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	3,952	116	194	146	16.5	2.9	May 10, 2024	J-GAAP
Apr - Jun, 2024	3,998	96	115	87	9.8	2.4	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	4,129	170	211	143	16.2	4.1	Nov 8, 2024	J-GAAP
YoY	-6.2%	-31.7%	-26.2%	-32.2%	-32.1%