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Sugimura Warehouse Co.,Ltd., First Half Ordinary Profit Increases by 11%, July-September Ordinary Profit Increases by 19%

Thu Oct 31, 2024 4:30 pm JST Earnings

9307 Sugimura Warehouse Co.,Ltd. 【J-GAAP】

Earnings Report

Sugimura Warehouse Co.,Ltd. <9307> [TSE-S] announced its financial results after the market closed on October 31st (16:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 10.9% from the same period last year, reaching 690 million yen. The progress rate against the 1.3 billion yen full-year plan was 53.1%, also surpassing the five-year average of 50.0%.

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 9.4% from the same period last year to 610 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 19.1% from the same period last year, reaching 362 million yen. The operating profit margin rose from 11.6% in the same period last year to 12.9%.

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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 5,249 537 529 341 20.9 51.0 Oct 28, 2022 J-GAAP
Apr - Sep, 2023 5,392 614 622 416 25.5 48.0 Oct 27, 2023 J-GAAP
Apr - Sep, 2024 5,594 682 690 459 28.1 53.1 Oct 31, 2024 J-GAAP
YoY +3.7% +11.1% +10.9% +10.3% +10.3%

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 5,500 650 650 450 27.5 5 Apr 26, 2024 J-GAAP
Apr - Sep, 2024 Results 5,594 682 690 459 28.1 5 Oct 31, 2024 J-GAAP
Revision Rate +1.7% +4.9% +6.2% +2.0% +2.2%

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 5,458 678 673 447 27.4 7 Apr 26, 2024 J-GAAP
Oct - Mar, 2024 Guidance 5,406 618 610 421 25.7 5 Oct 31, 2024 J-GAAP
YoY -1.0% -8.8% -9.4% -5.8% -6.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 10,553 1,052 1,037 716 43.9 8 Apr 28, 2023 J-GAAP
Mar, 2024 10,850 1,292 1,295 863 52.9 10 Apr 26, 2024 J-GAAP
Mar, 2025 Guidance 11,000 1,300 1,300 880 53.8 10 Apr 26, 2024 J-GAAP
YoY +1.4% +0.6% +0.4% +2.0% +1.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 2,709 315 304 203 12.4 11.6 Oct 27, 2023 J-GAAP
Oct - Dec, 2023 2,671 295 298 199 12.2 11.0 Jan 26, 2024 J-GAAP
Jan - Mar, 2024 2,787 383 375 248 15.2 13.7 Apr 26, 2024 J-GAAP
Apr - Jun, 2024 2,733 314 328 219 13.4 11.5 Jul 26, 2024 J-GAAP
Jul - Sep, 2024 2,861 368 362 240 14.7 12.9 Oct 31, 2024 J-GAAP
YoY +5.6% +16.8% +19.1% +18.2% +18.2%

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