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SPK CORPORATION, First Half Ordinary Profit Decreases by 11%, July-September Ordinary Profit Decreases by 8%

Thu Oct 31, 2024 3:00 pm JST Earnings

7466 SPK CORPORATION 【J-GAAP】

Earnings Report

SPK CORPORATION <7466> [TSE-P] announced its financial results after the market closed on October 31st (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 11.3% from the same period last year to 1.71 billion yen. However, The progress rate against the 3.42 billion yen full-year plan was 50.1%, almost the same as 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 grow by 19.8% from the same period last year, reaching 1.7 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 822 million yen, a 8.4% decrease compared to the same period last year. The operating profit margin worsened from 5.0% in the same period last year to 4.5%.

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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 25,761 1,049 1,185 816 81.4 40.7 Oct 31, 2022 J-GAAP
Apr - Sep, 2023 30,869 1,774 1,931 1,321 131.6 57.5 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 33,432 1,565 1,712 1,188 118.2 50.1 Oct 31, 2024 J-GAAP
YoY +8.3% -11.8% -11.3% -10.1% -10.2%

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 34,500 1,700 1,800 1,250 123.9 28 May 7, 2024 J-GAAP
Apr - Sep, 2024 Results 33,432 1,565 1,712 1,188 118.2 28 Oct 31, 2024 J-GAAP
Revision Rate -3.1% -7.9% -4.9% -5.0% -4.6%

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 32,433 1,371 1,426 1,071 106.7 27 May 7, 2024 J-GAAP
Oct - Mar, 2024 Guidance 33,568 1,635 1,708 1,212 120.1 32 Oct 31, 2024 J-GAAP
YoY +3.5% +19.3% +19.8% +13.2% +12.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 54,695 2,720 2,910 2,059 205.1 44 May 2, 2023 J-GAAP
Mar, 2024 63,302 3,145 3,357 2,392 238.2 50 May 7, 2024 J-GAAP
Mar, 2025 Guidance 67,000 3,200 3,420 2,400 237.9 60 May 7, 2024 J-GAAP
YoY +5.8% +1.7% +1.9% +0.3% -0.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 15,838 791 897 624 62.2 5.0 Oct 31, 2023 J-GAAP
Oct - Dec, 2023 16,878 892 929 648 64.6 5.3 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 15,555 479 497 423 42.1 3.1 May 7, 2024 J-GAAP
Apr - Jun, 2024 16,669 804 890 631 62.9 4.8 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 16,763 761 822 557 55.4 4.5 Oct 31, 2024 J-GAAP
YoY +5.8% -3.8% -8.4% -10.7% -10.9%

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