Sincere, 47% Decrease in Ordinary Profit for The Current Fiscal Year, Dividend to Cut by 9 yen

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Fri Feb 14, 2025 3:30 pm JST Earnings

7782 Sincere Co., LTD. 【J-GAAP】

Earnings Report

Sincere Co., LTD. <7782> [TSE Std] announced its financial results after the market closed on February 14th (15:30). The consolidated ordinary profit for the fiscal year ending December 2024 increased 4.9% from the previous period to 468 million yen. However, for the fiscal year ending December 2025, the profit is expected to drop by 47.0% from the previous period to 248 million yen.

At the same time, the company has decided to reduce the dividend this fiscal year to 10 yen, a decrease of 9 yen from the previous fiscal year.

In the most recent three-month period, from October to December (4Q), the consolidated ordinary profit grew 26.1% from the same period last year, reaching 111 million yen. However, the operating profit margin worsened from 6.4% in the same period last year to 6.0%.

Kabutan News

Actual Results

Historical Performance

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	6,539	484	468	301	47.3	19	Feb 14, 2025	J-GAAP
YoY	+9.7%	+28.4%	+4.9%	+2.0%	+1.2%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Guidance	6,539	484	468	301	47.3	19	Jan 31, 2025	J-GAAP
Dec, 2024 Results	6,539	484	468	301	47.3	19	Feb 14, 2025	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	0.0%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan - Jun, 2024	3,089	182	180	94	14.9	0	Aug 14, 2024	J-GAAP
Jan - Jun, 2025 Guidance	ー	ー	ー	ー	－	0	Feb 14, 2025	J-GAAP
YoY	－	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2023	5,961	377	446	295	46.7	14	Feb 14, 2024	J-GAAP
Dec, 2024	6,539	484	468	301	47.3	19	Feb 14, 2025	J-GAAP
Dec, 2025 Guidance	6,652	268	248	155	24.2	10	Feb 14, 2025	J-GAAP
YoY	+1.7%	-44.6%	-47.0%	-48.5%	-48.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
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
Oct - Dec, 2024	1,694	102	111	83	13.0	6.0	Feb 14, 2025	J-GAAP
YoY	+12.6%	+6.3%	+26.1%	+48.2%	+47.1%