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SUNDAY CO.,LTD., First Half Ordinary Profit Decreases by 75%, June-Augus Ordinary Profit Decreases by 69%

Wed Oct 9, 2024 3:00 pm JST Earnings

7450 SUNDAY CO.,LTD. 【J-GAAP】

Earnings Report

SUNDAY CO.,LTD. <7450> [TSE-S] announced its financial results after the market closed on October 9th (15:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending February 2025 (March to August) significantly dropped by 74.5% from the same period last year to 155 million yen. The progress rate against the 470 million yen full-year plan was 33.0%, also falling below the five-year average of 92.4%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit/loss for the September to February period (second half) is expected to turn into a profit of 315 million yen (compared to a loss of 152 million yen in the same period last year).

In the most recent three-month period, from June to August (2Q), the ordinary profit significantly dropped to 77 million yen, a 69.1% decrease compared to the same period last year. The operating profit margin worsened from 1.9% in the same period last year to 0.6%.

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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
Mar - Aug, 2022 25,306 731 751 490 45.6 79.7 Oct 5, 2022 J-GAAP
Mar - Aug, 2023 24,956 561 608 357 33.2 133.3 Oct 11, 2023 J-GAAP
Mar - Aug, 2024 24,649 139 155 71 6.6 33.0 Oct 9, 2024 J-GAAP
YoY -1.2% -75.2% -74.5% -80.1% -80.1%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar - Aug, 2024 Guidance ー ー ー ー － 0 Apr 10, 2024 J-GAAP
Mar - Aug, 2024 Results 24,649 139 155 71 6.6 0 Oct 9, 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
Sep - Feb, 2023 22,421 -182 -152 -506 -47.2 20 Apr 10, 2024 J-GAAP
Sep - Feb, 2024 Guidance 23,851 261 315 149 13.8 15 Oct 9, 2024 J-GAAP
YoY +6.4% － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 49,094 883 942 508 47.3 15 Apr 12, 2023 J-GAAP
Feb, 2024 47,377 379 456 -149 -13.9 20 Apr 10, 2024 J-GAAP
Feb, 2025 Guidance 48,500 400 470 220 20.4 15 Apr 10, 2024 J-GAAP
YoY +2.4% +5.5% +3.1% － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 12,338 234 249 123 11.4 1.9 Oct 11, 2023 J-GAAP
Sep - Nov, 2023 11,470 28 39 11 1.0 0.2 Jan 11, 2024 J-GAAP
Dec - Feb, 2023 10,951 -210 -191 -517 -48.3 -1.9 Apr 10, 2024 J-GAAP
Mar - May, 2024 12,461 66 78 37 3.4 0.5 Jul 12, 2024 J-GAAP
Jun - Aug, 2024 12,188 73 77 34 3.2 0.6 Oct 9, 2024 J-GAAP
YoY -1.2% -68.8% -69.1% -72.4% -72.4%

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