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SUZUYO SHINWART CORPORATION, First Half Ordinary Profit Increases by 35%

Fri Nov 8, 2024 4:30 pm JST Earnings

9360 SUZUYO SHINWART CORPORATION 【J-GAAP】

Earnings Report

SUZUYO SHINWART CORPORATION <9360> [TSE-S] announced its financial results after the market closed on November 8th (16:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 435 million yen, an increase of 34.7% compared to the same period last year. The progress rate against the 1.15 billion yen full-year plan was 37.8%, exceeding the same period of the previous year of 30.3%.

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 3.9% from the same period last year to 715 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 267 million yen, a 6.3% decrease compared to the same period last year. The operating profit margin worsened from 6.6% in the same period last year to 5.7%.

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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 7,092 -46 -37 -44 -15.1 ー Nov 14, 2022 J-GAAP
Apr - Sep, 2023 7,923 301 323 222 75.8 30.3 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 8,803 403 435 302 106.5 37.8 Nov 8, 2024 J-GAAP
YoY +11.1% +33.9% +34.7% +36.0% +40.5%

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 ー ー ー ー － － May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 8,803 403 435 302 106.5 0 Nov 8, 2024 J-GAAP
Revision Rate － － － － －

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 9,237 720 744 548 188.7 60 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 9,697 707 715 528 185.6 60 Nov 8, 2024 J-GAAP
YoY +5.0% -1.8% -3.9% -3.6% -1.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 15,503 510 553 381 129.7 40 May 12, 2023 J-GAAP
Mar, 2024 17,160 1,021 1,067 770 265.2 60 May 14, 2024 J-GAAP
Mar, 2025 Guidance 18,500 1,110 1,150 830 291.7 60 May 14, 2024 J-GAAP
YoY +7.8% +8.7% +7.8% +7.8% +10.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 4,182 275 285 200 68.3 6.6 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 4,050 163 177 109 37.3 4.0 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 5,187 557 567 439 151.2 10.7 May 14, 2024 J-GAAP
Apr - Jun, 2024 4,195 141 168 115 40.7 3.4 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 4,608 262 267 187 65.9 5.7 Nov 8, 2024 J-GAAP
YoY +10.2% -4.7% -6.3% -6.5% -3.5%

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