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SHIMAMURA Co.,Ltd., First Half Ordinary Profit Unexpectedly Revised Upward by 4%

Mon Sep 30, 2024 3:00 pm JST Earnings

8227 SHIMAMURA Co.,Ltd. 【J-GAAP】

Earnings Report

SHIMAMURA Co.,Ltd. <8227> [TSE-P] announced its financial results after the market closed on September 30th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2025 (March to August) increased by 4.1% from the same period last year, reaching 31.9 billion yen, resulting in an increase in profits compared to the previous forecast of a 4.2% decrease.

The progress rate against the 57.6 billion yen full-year plan was 55.4%, almost the same as the five-year average of 52.5%.

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 September to February period (second half) is expected to decrease by 1.1% from the same period last year to 25.7 billion yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit grew by 5.3% from the same period last year, reaching 16.8 billion yen. The operating profit margin improved from 9.8% in the same period last year to 10.1%.

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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
Mar - Aug, 2022 301,348 28,919 29,680 20,620 280.5 54.6 Oct 3, 2022 J-GAAP
Mar - Aug, 2023 316,838 30,173 30,725 20,954 285.1 54.2 Oct 2, 2023 J-GAAP
Mar - Aug, 2024 330,595 31,404 31,987 22,100 300.7 55.4 Sep 30, 2024 J-GAAP
YoY +4.3% +4.1% +4.1% +5.5% +5.5%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar - Aug, 2024 Guidance 327,593 28,774 29,438 20,204 274.9 95 Apr 1, 2024 J-GAAP
Mar - Aug, 2024 Results 330,595 31,404 31,987 22,100 300.7 95 Sep 30, 2024 J-GAAP
Revision Rate +0.9% +9.1% +8.7% +9.4% +9.4%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2023 318,253 25,135 25,991 19,130 260.3 75 Apr 1, 2024 J-GAAP
Sep - Feb, 2024 Guidance 329,027 24,958 25,707 18,094 246.2 95 Sep 30, 2024 J-GAAP
YoY +3.4% -0.7% -1.1% -5.4% -5.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 616,125 53,302 54,383 38,021 517.3 130 Apr 3, 2023 J-GAAP
Feb, 2024 635,091 55,308 56,716 40,084 545.4 140 Apr 1, 2024 J-GAAP
Feb, 2025 Guidance 659,622 56,362 57,694 40,194 546.8 190 Apr 1, 2024 J-GAAP
YoY +3.9% +1.9% +1.7% +0.3% +0.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 159,733 15,640 15,984 10,925 148.6 9.8 Oct 2, 2023 J-GAAP
Sep - Nov, 2023 162,822 15,476 16,065 12,123 164.9 9.5 Dec 25, 2023 J-GAAP
Dec - Feb, 2023 155,431 9,659 9,926 7,007 95.3 6.2 Apr 1, 2024 J-GAAP
Mar - May, 2024 164,466 14,579 15,161 10,435 142.0 8.9 Jun 24, 2024 J-GAAP
Jun - Aug, 2024 166,129 16,825 16,826 11,665 158.7 10.1 Sep 30, 2024 J-GAAP
YoY +4.0% +7.6% +5.3% +6.8% +6.8%

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