SUGITA ACE CO.,LTD, July-September (2Q) Ordinary Profit Increases by 2.1 times

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Tue Nov 12, 2024 3:30 pm JST Earnings

7635 SUGITA ACE CO.,LTD 【J-GAAP】

Earnings Report

SUGITA ACE CO.,LTD <7635> [TSE-S] announced its financial results after the market closed on November 12th (15:30). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a loss of 14 million yen (compared to a profit of 190 million yen in the same period last year).

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 12.0% from the same period last year, reaching 1.11 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged to 2.1 times that of the same period last year, reaching 255 million yen. The operating profit margin improved from 0.6% in the same period last year to 1.2%.

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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	32,003	2	90	-28	-5.3	8.2	Nov 9, 2022	J-GAAP
Apr - Sep, 2023	34,017	142	190	79	14.8	16.0	Nov 14, 2023	J-GAAP
Apr - Sep, 2024	34,680	-73	-14	-95	-17.9	ー	Nov 12, 2024	J-GAAP
YoY	+1.9%	－	－	－	－

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	－	0	May 15, 2024	J-GAAP
Apr - Sep, 2024 Results	34,680	-73	-14	-95	-17.9	0	Nov 12, 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	39,729	932	995	639	119.2	50	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	43,320	1,058	1,114	705	131.4	40	Nov 12, 2024	J-GAAP
YoY	+9.0%	+13.5%	+12.0%	+10.3%	+10.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	71,400	928	1,091	600	111.9	40	May 10, 2023	J-GAAP
Mar, 2024	73,746	1,074	1,185	718	133.9	50	May 15, 2024	J-GAAP
Mar, 2025 Guidance	78,000	985	1,100	610	113.7	40	May 15, 2024	J-GAAP
YoY	+5.8%	-8.3%	-7.2%	-15.0%	-15.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	17,472	97	122	44	8.3	0.6	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	20,009	500	538	327	61.1	2.5	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	19,720	432	457	312	58.2	2.2	May 15, 2024	J-GAAP
Apr - Jun, 2024	16,591	-299	-269	-260	-48.5	-1.8	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	18,089	226	255	165	31.1	1.2	Nov 12, 2024	J-GAAP
YoY	+3.5%	+133.0%	+109.0%	+275.0%	+275.7%