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SUZUDEN, First Half Ordinary Profit Decreases by 20%, Jul-Sep Ordinary Profit Decreases by 22%
7480 SUZUDEN CORPORATION 【J-GAAP】
Earnings ReportSUZUDEN CORPORATION <7480> [TSE Std] announced its financial results after the market closed on November 4th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) decreased 19.5% from the same period last year to 0.99 billion yen. Progress toward the full-year plan of 2.20 billion yen was 45.3%, 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 decrease 15.2% from the same period last year to 1.20 billion yen.
In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 0.54 billion yen, a 21.6% decrease compared to the same period last year. The operating profit margin worsened from 5.6% in the same period last year to 4.5%.
Kabutan News
Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| 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 | 46.6 | Nov 1, 2024 | J-GAAP |
| Apr - Sep, 2025 | 21,100 | 872 | 996 | 732 | 52.2 | 45.3 | Nov 4, 2025 | J-GAAP |
| YoY | -5.5% | -22.1% | -19.5% | -14.2% | -14.2% |
First Half Results vs. Previous Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2025 Guidance | 22,100 | 830 | 950 | 620 | 44.2 | 36 | May 7, 2025 | J-GAAP |
| Apr - Sep, 2025 Results | 21,100 | 872 | 996 | 732 | 52.2 | 36 | Nov 4, 2025 | J-GAAP |
| Revision Rate | -4.5% | +5.1% | +4.8% | +18.1% | +18.2% |
Current Period Guidance
Second Half Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Mar, 2024 | 24,295 | 1,304 | 1,420 | 936 | 66.8 | 64 | May 7, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 25,800 | 1,078 | 1,204 | 698 | 55.0 | 46 | Nov 4, 2025 | J-GAAP |
| YoY | +6.2% | -17.3% | -15.2% | -25.4% | -17.6% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 50,929 | 2,786 | 3,091 | 2,091 | 149.4 | 120 | May 7, 2024 | J-GAAP |
| Mar, 2025 | 46,631 | 2,423 | 2,658 | 1,789 | 127.7 | 103 | May 7, 2025 | J-GAAP |
| Mar, 2026 Guidance | 46,900 | 1,950 | 2,200 | 1,430 | 112.8 | 82 | May 7, 2025 | J-GAAP |
| YoY | +0.6% | -19.5% | -17.2% | -20.1% | -11.7% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jul - Sep, 2024 | 11,315 | 631 | 693 | 467 | 33.4 | 5.6 | Nov 1, 2024 | J-GAAP |
| Oct - Dec, 2024 | 12,378 | 668 | 733 | 478 | 34.1 | 5.4 | Feb 3, 2025 | J-GAAP |
| Jan - Mar, 2025 | 11,917 | 636 | 687 | 458 | 32.7 | 5.3 | May 7, 2025 | J-GAAP |
| Apr - Jun, 2025 | 10,288 | 381 | 453 | 303 | 21.6 | 3.7 | Aug 1, 2025 | J-GAAP |
| Jul - Sep, 2025 | 10,812 | 491 | 543 | 429 | 30.6 | 4.5 | Nov 4, 2025 | J-GAAP |
| YoY | -4.4% | -22.2% | -21.6% | -8.1% | -8.2% |
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