SEYFERT LTD., The Current Fiscal Year Ordinary Profit Revised Downward to an Unexpected 87% Decrease

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Thu Nov 14, 2024 3:30 pm JST Earnings

9213 SEYFERT LTD. 【J-GAAP】

Earnings Report

SEYFERT LTD. <9213> [TSE-S] announced its financial results after the market closed on November 14th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) significantly dropped by 78.2% from the same period last year to 27 million yen.

In addition, the full-year consolidated ordinary profit has downwardly by 88.6%, from the previous forecast of 201 million yen to 23 million yen (compared to 174 million yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 86.8% decrease in profit.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit/loss for the July to December period (second half) has been revised downward from an expected profit of 114 million yen to a loss of 64 million yen (compared to a profit of 46 million yen in the same period of the previous year), turning to a loss outlook.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary loss expanded to a loss of 60 million yen (compared to a loss of 4 million yen in the same period last year). The operating profit/loss margin drastically worsened from -0.4% in the same period last year to -12.7%.

Kabutan News

Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jan - Sep, 2022	1,655	169	156	103	81.2	71.6	Nov 14, 2022	J-GAAP
Jan - Sep, 2023	1,613	124	124	87	65.9	71.3	Nov 13, 2023	J-GAAP
Jan - Sep, 2024	1,592	24	27	17	13.2	117.4	Nov 14, 2024	J-GAAP
YoY	-1.3%	-80.6%	-78.2%	-80.5%	-80.0%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2024 Prev	1,129	123	114	78	59.1	32	Aug 14, 2024	J-GAAP
Jul - Dec, 2024 New	967	-59	-64	-46	-34.8	32	Nov 14, 2024	J-GAAP
Revision Rate	-14.3%	－	－	－	－

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Prev	2,279	203	201	139	105.2	42	Feb 14, 2024	J-GAAP
Dec, 2024 New	2,117	21	23	15	11.4	42	Nov 14, 2024	J-GAAP
Revision Rate	-7.1%	-89.7%	-88.6%	-89.2%	-89.2%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	1,024	48	46	34	25.8	32	Feb 14, 2024	J-GAAP
Jul - Dec, 2024 Guidance	967	-59	-64	-46	-34.8	32	Nov 14, 2024	J-GAAP
YoY	-5.6%	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	2,241	234	218	149	116.6	45	Feb 14, 2023	J-GAAP
Dec, 2023	2,166	174	174	123	93.3	42	Feb 14, 2024	J-GAAP
Dec, 2024 Guidance	2,117	21	23	15	11.4	42	Nov 14, 2024	J-GAAP
YoY	-2.3%	-87.9%	-86.8%	-87.8%	-87.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	471	-2	-4	-2	-1.5	-0.4	Nov 13, 2023	J-GAAP
Oct - Dec, 2023	553	50	50	36	27.3	9.0	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	437	-36	-34	-23	-17.5	-8.2	May 15, 2024	J-GAAP
Apr - Jun, 2024	713	116	121	84	64.6	16.3	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	442	-56	-60	-44	-34.2	-12.7	Nov 14, 2024	J-GAAP
YoY	-6.2%	-2,700.0%	-1,400.0%	-2,100.0%	-2,147.4%