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SEIBU HOLDINGS INC., July-September (2Q) Ordinary Profit Decreases by 31%

Thu Nov 7, 2024 3:30 pm JST Earnings

9024 SEIBU HOLDINGS INC. 【J-GAAP】

Earnings Report

SEIBU HOLDINGS INC. <9024> [TSE-P] announced its financial results after the market closed on November 7th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 3.7% from the same period last year, reaching 30.2 billion yen. The progress rate against the 40 billion yen full-year plan was 75.5%, also surpassing the five-year average of 70.6%.

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 29.4% from the same period last year to 9.79 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 10.6 billion yen, a 30.6% decrease compared to the same period last year. The operating profit margin decreased from 14.0% in the same period last year to 10.9%.

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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
Apr - Sep, 2022 212,595 13,415 12,729 64,641 215.0 63.2 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 238,882 31,818 29,130 27,458 91.2 67.7 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 252,269 33,789 30,204 77,011 255.9 75.5 Nov 7, 2024 J-GAAP
YoY +5.6% +6.2% +3.7% +180.5% +180.6%

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 250,000 33,000 30,000 76,000 252.4 15 Oct 2, 2024 J-GAAP
Apr - Sep, 2024 Results 252,269 33,789 30,204 77,011 255.9 15 Nov 7, 2024 J-GAAP
Revision Rate +0.9% +2.4% +0.7% +1.3% +1.4%

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 238,716 15,893 13,870 -468 -1.6 12.50 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 241,731 11,211 9,796 6,989 26.2 15 Nov 7, 2024 J-GAAP
YoY +1.3% -29.5% -29.4% － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 428,487 22,155 20,133 56,753 188.7 25 May 11, 2023 J-GAAP
Mar, 2024 477,598 47,711 43,000 26,990 89.7 25 May 9, 2024 J-GAAP
Mar, 2025 Guidance 494,000 45,000 40,000 84,000 315.2 30 Oct 2, 2024 J-GAAP
YoY +3.4% -5.7% -7.0% +211.2% +251.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 122,670 17,165 15,315 18,359 61.0 14.0 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 121,594 15,783 14,661 15,727 52.2 13.0 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 117,122 110 -791 -16,195 -53.8 0.1 May 9, 2024 J-GAAP
Apr - Jun, 2024 125,412 19,959 19,578 15,515 51.5 15.9 Aug 2, 2024 J-GAAP
Jul - Sep, 2024 126,857 13,830 10,626 61,496 204.4 10.9 Nov 7, 2024 J-GAAP
YoY +3.4% -19.4% -30.6% +235.0% +235.1%

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