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Saikaya Department Store, First Half Ordinary Profit Increases by 78%

Mon Apr 14, 2025 3:30 pm JST Earnings

8254 Saikaya Department Store Co.,Ltd. 【J-GAAP】

Earnings Report

Saikaya Department Store Co.,Ltd. <8254> [TSE Std] announced its financial results after the market closed on April 14th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending August 2025 (September 2024 to February 2025) expanded 103 million yen, an increase 77.6% compared to the same period last year. The progress rate toward the full-year plan of 106 million yen was 97.2%, also surpassing the progress rate of 58.0% from the same period of the previous year.

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 March to August period (2H) is expected to significant drop 92.9% from the same period last year to 3 million yen.

In the most recent three-month period, from December to February (2Q), the consolidated ordinary profit decreased to 62 million yen, a 7.5% decrease compared to the same period last year. However, the operating profit margin improved from 5.0% in the same period last year to 5.9%.

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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
Sep - Feb, 2022 2,817 45 38 -84 -17.1 28.8 Apr 14, 2023 J-GAAP
Sep - Feb, 2023 2,641 66 58 48 9.8 58.0 Apr 15, 2024 J-GAAP
Sep - Feb, 2024 2,360 59 103 99 20.1 97.2 Apr 14, 2025 J-GAAP
YoY -10.6% -10.6% +77.6% +106.3% +105.2%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2024 Guidance 2,360 59 103 99 20.0 － Apr 8, 2025 J-GAAP
Sep - Feb, 2024 Results 2,360 59 103 99 20.1 － Apr 14, 2025 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% +0.7%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar - Aug, 2024 2,309 44 42 24 4.9 0 Oct 15, 2024 J-GAAP
Mar - Aug, 2025 Guidance 2,170 55 3 1 0.2 0 Apr 8, 2025 J-GAAP
YoY -6.0% +25.0% -92.9% -95.8% -95.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug, 2023 5,204 144 132 9 2.2 0 Oct 13, 2023 J-GAAP
Aug, 2024 4,950 110 100 72 14.7 0 Oct 15, 2024 J-GAAP
Aug, 2025 Guidance 4,530 114 106 100 20.2 0 Apr 8, 2025 J-GAAP
YoY -8.5% +3.6% +6.0% +38.9% +37.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Dec - Feb, 2023 1,419 71 67 65 13.3 5.0 Apr 15, 2024 J-GAAP
Mar - May, 2024 1,232 42 33 21 4.3 3.4 Jul 16, 2024 J-GAAP
Jun - Aug, 2024 1,077 2 9 3 0.6 0.2 Oct 15, 2024 J-GAAP
Sep - Nov, 2024 1,074 -17 41 38 7.8 -1.6 Jan 14, 2025 J-GAAP
Dec - Feb, 2024 1,286 76 62 61 12.4 5.9 Apr 14, 2025 J-GAAP
YoY -9.4% +7.0% -7.5% -6.2% -6.6%

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