kabutan

SUZUDEN CORPORATION, First Half Ordinary Profit Decreases by 27%

Fri Nov 1, 2024 2:30 pm JST Earnings

7480 SUZUDEN CORPORATION 【J-GAAP】

Earnings Report

SUZUDEN CORPORATION <7480> [TSE-S] announced its financial results in the afternoon session on November 1st (14:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 26.9% from the same period last year to 1.23 billion yen. However, The progress rate against the 2.38 billion yen full-year plan was 52.0%, also surpassing the five-year average of 47.5%.

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 18.3% from the same period last year to 1.14 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 693 million yen, a 12.6% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 5.6% in the same period last year to 5.6%.

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 33,134 2,189 2,386 1,600 114.6 50.2 Nov 1, 2022 J-GAAP
Apr - Sep, 2023 27,311 1,534 1,694 1,139 81.4 54.8 Nov 1, 2023 J-GAAP
Apr - Sep, 2024 22,336 1,119 1,238 853 60.9 52.0 Nov 1, 2024 J-GAAP
YoY -18.2% -27.1% -26.9% -25.1% -25.2%

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 23,100 890 1,020 670 47.8 39 May 7, 2024 J-GAAP
Apr - Sep, 2024 Results 22,336 1,119 1,238 853 60.9 39 Nov 1, 2024 J-GAAP
Revision Rate -3.3% +25.7% +21.4% +27.3% +27.5%

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 23,618 1,252 1,397 952 68.0 67 May 7, 2024 J-GAAP
Oct - Mar, 2024 Guidance 27,264 1,001 1,142 697 49.7 50 Nov 1, 2024 J-GAAP
YoY +15.4% -20.0% -18.3% -26.8% -27.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 67,439 4,399 4,756 3,309 236.7 190 May 8, 2023 J-GAAP
Mar, 2024 50,929 2,786 3,091 2,091 149.4 120 May 7, 2024 J-GAAP
Mar, 2025 Guidance 49,600 2,120 2,380 1,550 110.5 89 May 7, 2024 J-GAAP
YoY -2.6% -23.9% -23.0% -25.9% -26.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 13,030 729 793 528 37.7 5.6 Nov 1, 2023 J-GAAP
Oct - Dec, 2023 12,619 677 766 520 37.2 5.4 Feb 1, 2024 J-GAAP
Jan - Mar, 2024 10,999 575 631 432 30.9 5.2 May 7, 2024 J-GAAP
Apr - Jun, 2024 11,021 488 545 386 27.6 4.4 Aug 1, 2024 J-GAAP
Jul - Sep, 2024 11,315 631 693 467 33.4 5.6 Nov 1, 2024 J-GAAP
YoY -13.2% -13.4% -12.6% -11.6% -11.6%

Related Articles