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SHOFU INC., First Half Ordinary Profit Increases by 26%, July-September Ordinary Profit Increases by 17%

Wed Nov 6, 2024 3:30 pm JST Earnings

7979 SHOFU INC. 【J-GAAP】

Earnings Report

SHOFU INC. <7979> [TSE-P] announced its financial results after the market closed on November 6th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 25.9% from the same period last year, reaching 3 billion yen. The progress rate against the 5.6 billion yen full-year plan was 53.6%, almost the same as the five-year average of 53.5%.

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 decrease by 4.9% from the same period last year to 2.59 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 17.1% from the same period last year, reaching 1.19 billion yen. The operating profit margin rose from 12.4% in the same period last year to 15.8%.

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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 15,831 2,237 2,745 2,133 59.9 64.8 Nov 2, 2022 J-GAAP
Apr - Sep, 2023 16,447 2,155 2,387 1,559 44.0 46.6 Nov 2, 2023 J-GAAP
Apr - Sep, 2024 18,887 3,042 3,006 2,364 66.6 53.6 Nov 6, 2024 J-GAAP
YoY +14.8% +41.2% +25.9% +51.6% +51.4%

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 18,996 2,921 3,189 2,598 73.1 18 Aug 2, 2024 J-GAAP
Apr - Sep, 2024 Results 18,887 3,042 3,006 2,364 66.6 18 Nov 6, 2024 J-GAAP
Revision Rate -0.6% +4.1% -5.7% -9.0% -8.9%

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 18,633 2,554 2,731 2,096 59.1 21 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 19,508 2,251 2,598 2,070 58.2 26 Nov 6, 2024 J-GAAP
YoY +4.7% -11.9% -4.9% -1.2% -1.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 31,678 3,824 4,238 3,135 88.1 28.50 May 10, 2023 J-GAAP
Mar, 2024 35,080 4,709 5,118 3,655 103.1 31 May 9, 2024 J-GAAP
Mar, 2025 Guidance 38,395 5,293 5,604 4,434 124.7 44 Aug 2, 2024 J-GAAP
YoY +9.4% +12.4% +9.5% +21.3% +21.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 8,182 1,011 1,020 873 24.6 12.4 Nov 2, 2023 J-GAAP
Oct - Dec, 2023 8,956 1,254 1,305 1,188 33.5 14.0 Feb 2, 2024 J-GAAP
Jan - Mar, 2024 9,677 1,300 1,426 908 25.6 13.4 May 9, 2024 J-GAAP
Apr - Jun, 2024 9,457 1,550 1,812 1,120 31.6 16.4 Aug 2, 2024 J-GAAP
Jul - Sep, 2024 9,430 1,492 1,194 1,244 35.0 15.8 Nov 6, 2024 J-GAAP
YoY +15.3% +47.6% +17.1% +42.5% +42.2%

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