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SANKYO KASEI CORPORATION, First Half Ordinary Profit Increases by 17%, July-September Ordinary Profit Increases by 4%

Wed Nov 6, 2024 2:30 pm JST Earnings

8138 SANKYO KASEI CORPORATION 【J-GAAP】

Earnings Report

SANKYO KASEI CORPORATION <8138> [TSE-S] announced its financial results in the afternoon session on November 6th (14:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 17.2% from the same period last year, reaching 211 million yen. However, The progress rate against the 530 million yen full-year plan was 39.8%, almost the same as the five-year average of 40.2%.

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 nearly flat at 319 million yen, down 0.9% from the same period last year.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 4.3% from the same period last year, reaching 97 million yen. The operating profit margin remained almost flat, changing from 1.1% in the same period last year to 1.1%.

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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 12,681 151 230 136 102.1 48.8 Nov 4, 2022 J-GAAP
Apr - Sep, 2023 12,689 113 180 117 88.2 35.9 Nov 6, 2023 J-GAAP
Apr - Sep, 2024 12,862 141 211 133 100.0 39.8 Nov 6, 2024 J-GAAP
YoY +1.4% +24.8% +17.2% +13.7% +13.4%

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 13,000 150 220 150 112.5 45 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 12,862 141 211 133 100.0 45 Nov 6, 2024 J-GAAP
Revision Rate -1.1% -6.0% -4.1% -11.3% -11.1%

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 13,538 269 322 229 172.0 45 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 14,338 269 319 227 247.0 45 Nov 6, 2024 J-GAAP
YoY +5.9% 0.0% -0.9% -0.9% +43.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 26,738 340 471 303 227.6 90 May 10, 2023 J-GAAP
Mar, 2024 26,227 382 502 346 259.9 90 May 10, 2024 J-GAAP
Mar, 2025 Guidance 27,200 410 530 360 391.7 90 May 10, 2024 J-GAAP
YoY +3.7% +7.3% +5.6% +4.0% +50.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 6,211 66 93 64 48.2 1.1 Nov 6, 2023 J-GAAP
Oct - Dec, 2023 6,964 153 184 135 101.6 2.2 Feb 5, 2024 J-GAAP
Jan - Mar, 2024 6,574 116 138 94 70.6 1.8 May 10, 2024 J-GAAP
Apr - Jun, 2024 6,412 70 114 72 54.5 1.1 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 6,450 71 97 61 45.9 1.1 Nov 6, 2024 J-GAAP
YoY +3.8% +7.6% +4.3% -4.7% -4.9%

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