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Sun Messe Co.,Ltd., First Half Ordinary Profit Increases by 6%

Fri Nov 1, 2024 2:30 pm JST Earnings

7883 Sun Messe Co.,Ltd. 【J-GAAP】

Earnings Report

Sun Messe Co.,Ltd. <7883> [TSE-S] announced its financial results in the afternoon session on November 1st (14:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 6.2% from the same period last year, reaching 171 million yen. The progress rate against the 483 million yen full-year plan was 35.4%, exceeding the five-year average of 28.0%.

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 23.3% from the same period last year, reaching 312 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary loss expanded to a loss of 96 million yen (compared to a loss of 40 million yen in the same period last year). The operating profit/loss margin worsened from -1.6% in the same period last year to -3.5%.

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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 8,040 9 85 97 6.3 21.4 Nov 4, 2022 J-GAAP
Apr - Sep, 2023 7,962 78 161 92 6.0 38.9 Nov 1, 2023 J-GAAP
Apr - Sep, 2024 8,044 61 171 108 7.0 35.4 Nov 1, 2024 J-GAAP
YoY +1.0% -21.8% +6.2% +17.4% +16.5%

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 8,044 61 171 108 7.0 4 Oct 30, 2024 J-GAAP
Apr - Sep, 2024 Results 8,044 61 171 108 7.0 4 Nov 1, 2024 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% +0.1%

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 8,671 179 253 165 10.7 4 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 9,116 257 312 207 13.4 4 Oct 30, 2024 J-GAAP
YoY +5.1% +43.6% +23.3% +25.5% +25.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 17,148 240 397 327 21.2 7 May 12, 2023 J-GAAP
Mar, 2024 16,633 257 414 257 16.6 8 May 10, 2024 J-GAAP
Mar, 2025 Guidance 17,160 318 483 315 20.3 8 May 10, 2024 J-GAAP
YoY +3.2% +23.7% +16.7% +22.6% +22.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 3,735 -60 -40 -33 -2.2 -1.6 Nov 1, 2023 J-GAAP
Oct - Dec, 2023 4,341 65 123 89 5.8 1.5 Feb 2, 2024 J-GAAP
Jan - Mar, 2024 4,330 114 130 76 4.9 2.6 May 10, 2024 J-GAAP
Apr - Jun, 2024 4,352 189 267 178 11.5 4.3 Aug 2, 2024 J-GAAP
Jul - Sep, 2024 3,692 -128 -96 -70 -4.5 -3.5 Nov 1, 2024 J-GAAP
YoY -1.2% -113.3% -140.0% -112.1% -110.2%

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