Sincere Co., LTD., July-September (3Q) Ordinary Profit Increases by 59%

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Wed Nov 13, 2024 3:30 pm JST Earnings

7782 Sincere Co., LTD. 【J-GAAP】

Earnings Report

Sincere Co., LTD. <7782> [TSE-S] announced its financial results after the market closed on November 13th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) was 357 million yen, a 0.3% decrease compared to the same period last year. The progress rate against the 374 million yen full-year plan was 95.5%, almost the same as the five-year average of 94.2%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to significant drop by 80.7% from the same period last year to 17 million yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit increased by 59.5% from the same period last year, reaching 177 million yen. The operating profit margin significantly improved from 7.5% in the same period last year to 11.4%.

Kabutan News

Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jan - Sep, 2022	4,179	155	209	128	20.5	186.6	Nov 14, 2022	J-GAAP
Jan - Sep, 2023	4,457	281	358	239	37.9	80.3	Nov 13, 2023	J-GAAP
Jan - Sep, 2024	4,845	382	357	218	34.3	95.5	Nov 13, 2024	J-GAAP
YoY	+8.7%	+35.9%	-0.3%	-8.8%	-9.5%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	2,908	201	199	129	20.4	14	Feb 14, 2024	J-GAAP
Jul - Dec, 2024 Guidance	3,264	204	194	152	23.7	16	Oct 24, 2024	J-GAAP
YoY	+12.2%	+1.5%	-2.5%	+17.8%	+16.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	5,585	150	112	66	10.5	4	Feb 14, 2023	J-GAAP
Dec, 2023	5,961	377	446	295	46.7	14	Feb 14, 2024	J-GAAP
Dec, 2024 Guidance	6,353	386	374	246	38.4	16	Oct 24, 2024	J-GAAP
YoY	+6.6%	+2.4%	-16.1%	-16.6%	-17.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	1,404	105	111	73	11.6	7.5	Nov 13, 2023	J-GAAP
Oct - Dec, 2023	1,504	96	88	56	8.9	6.4	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	1,523	70	77	34	5.4	4.6	May 15, 2024	J-GAAP
Apr - Jun, 2024	1,566	112	103	60	9.5	7.2	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	1,756	200	177	124	19.5	11.4	Nov 13, 2024	J-GAAP
YoY	+25.1%	+90.5%	+59.5%	+69.9%	+68.6%