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SHIMOJIMA Co.,Ltd., First Half Ordinary Profit Decreases by 35%, July-September Ordinary Profit Decreases by 33%

Mon Nov 11, 2024 3:00 pm JST Earnings

7482 SHIMOJIMA Co.,Ltd. 【J-GAAP】

Earnings Report

SHIMOJIMA Co.,Ltd. <7482> [TSE-P] announced its financial results in the afternoon session on November 11th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 34.9% from the same period last year to 1.17 billion yen. The progress rate against the 4 billion yen full-year plan was 29.5%, also falling below the five-year average of 36.7%.

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 expand by 55.6% from the same period last year, reaching 2.82 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 607 million yen, a 33.2% decrease compared to the same period last year. The operating profit margin worsened from 5.8% in the same period last year to 3.4%.

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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 26,017 431 594 434 18.7 24.9 Nov 4, 2022 J-GAAP
Apr - Sep, 2023 28,130 1,620 1,809 1,187 50.9 49.9 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 29,265 1,065 1,178 821 35.2 29.5 Nov 11, 2024 J-GAAP
YoY +4.0% -34.3% -34.9% -30.8% -30.9%

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 ー ー ー ー － 27 May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 29,265 1,065 1,178 821 35.2 27 Nov 11, 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
Oct - Mar, 2023 29,664 1,642 1,814 1,185 50.8 40 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 32,535 2,735 2,822 1,679 71.9 27 Nov 11, 2024 J-GAAP
YoY +9.7% +66.6% +55.6% +41.7% +41.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 55,028 2,011 2,388 1,542 66.2 22 May 11, 2023 J-GAAP
Mar, 2024 57,794 3,262 3,623 2,372 101.7 51 May 13, 2024 J-GAAP
Mar, 2025 Guidance 61,800 3,800 4,000 2,500 107.0 54 May 13, 2024 J-GAAP
YoY +6.9% +16.5% +10.4% +5.4% +5.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 13,953 810 909 594 25.5 5.8 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 16,474 1,515 1,611 1,084 46.5 9.2 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 13,190 127 203 101 4.3 1.0 May 13, 2024 J-GAAP
Apr - Jun, 2024 14,464 556 571 366 15.7 3.8 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 14,801 509 607 455 19.5 3.4 Nov 11, 2024 J-GAAP
YoY +6.1% -37.2% -33.2% -23.4% -23.4%

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