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

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%

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