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SUZUYO SHINWART, The Current Fiscal Year Ordinary Profit Revised Upward by 11%, Raises Record High Profit Forecast, Dividend Revised Upward by 30 yen

Fri Feb 7, 2025 4:00 pm JST Earnings

9360 SUZUYO SHINWART CORPORATION 【J-GAAP】

Earnings Report

SUZUYO SHINWART CORPORATION <9360> [TSE Std] announced its financial results after the market closed on February 7th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 0.78 billion yen, an increase 57.4% compared to the same period last year.

In addition, the full-year consolidated ordinary profit has been revised upward 11.3%, from the previous forecast of 1.15 billion yen to 1.28 billion yen (compared to 1.06 billion yen in the previous period), increasing the growth rate from 7.8% to 20.0%, further surpassing the previous forecast of record-high profits for two consecutive terms.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) is expected to increase 18.2%, from the previous forecast of 0.71 billion yen to 0.84 billion yen (compared to 0.74 billion yen in the same period of the previous year), turning to a 13.6% increase in the consolidated ordinary profit outlook.

In light of the strong performance, the company has significantly increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 60 yen to 90 yen (compared to 60 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 98.9% from the same period last year, reaching 0.35 billion yen. The operating profit margin significantly improved from 4.0% in the same period last year to 7.7%.

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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
Apr - Dec, 2022 10,763 29 51 15 5.2 9.2 Feb 14, 2023 J-GAAP
Apr - Dec, 2023 11,973 464 500 331 113.4 46.9 Feb 9, 2024 J-GAAP
Apr - Dec, 2024 13,288 747 787 593 210.9 61.5 Feb 7, 2025 J-GAAP
YoY +11.0% +61.0% +57.4% +79.2% +86.0%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Prev 9,697 707 715 528 185.6 60 Nov 8, 2024 J-GAAP
Oct - Mar, 2024 New 10,197 852 845 618 217.2 90 Feb 7, 2025 J-GAAP
Revision Rate +5.2% +20.5% +18.2% +17.0% +17.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 18,500 1,110 1,150 830 291.7 60 May 14, 2024 J-GAAP
Mar, 2025 New 19,000 1,255 1,280 920 323.4 90 Feb 7, 2025 J-GAAP
Revision Rate +2.7% +13.1% +11.3% +10.8% +10.8%

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 10,197 852 845 618 217.2 90 Feb 7, 2025 J-GAAP
YoY +10.4% +18.3% +13.6% +12.8% +15.1%

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 19,000 1,255 1,280 920 323.4 90 Feb 7, 2025 J-GAAP
YoY +10.7% +22.9% +20.0% +19.5% +21.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Oct - Dec, 2024 4,485 344 352 291 103.5 7.7 Feb 7, 2025 J-GAAP
YoY +10.7% +111.0% +98.9% +167.0% +177.1%

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