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SHOEI CORPORATION, First Half Ordinary Profit Turns to Loss, July-September Ordinary Profit Turns to Loss

Tue Nov 12, 2024 4:00 pm JST Earnings

9385 SHOEI CORPORATION 【J-GAAP】

Earnings Report

SHOEI CORPORATION <9385> [TSE-S] announced its financial results after the market closed on November 12th (16:00). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a loss of 396 million yen (compared to a profit of 990 million yen in the same period last year).

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 surge by 4.0 times that of the same period last year, reaching 1.8 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a loss of 615 million yen (compared to a profit of 270 million yen in the same period last year). However, the operating profit margin improved from 3.3% in the same period last year to 4.9%.

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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 10,226 -30 63 71 9.3 ー Nov 11, 2022 J-GAAP
Apr - Sep, 2023 9,733 333 990 947 122.6 68.6 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 9,612 450 -396 -455 -58.9 ー Nov 12, 2024 J-GAAP
YoY -1.2% +35.1% － － －

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 － 0 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 9,612 450 -396 -455 -58.9 0 Nov 12, 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 9,713 443 453 62 8.0 20 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 11,106 983 1,808 1,444 186.9 20 Nov 12, 2024 J-GAAP
YoY +14.3% +121.9% +299.1% +2,229.0% +2,230.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 20,745 154 -332 -1,617 -209.3 20 May 15, 2023 J-GAAP
Mar, 2024 19,446 776 1,443 1,009 130.6 20 May 14, 2024 J-GAAP
Mar, 2025 Guidance 20,718 1,433 1,412 989 128.0 20 May 14, 2024 J-GAAP
YoY +6.5% +84.7% -2.1% -2.0% -2.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 4,752 158 270 372 48.2 3.3 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 5,006 249 282 192 24.9 5.0 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 4,707 194 171 -130 -16.8 4.1 May 14, 2024 J-GAAP
Apr - Jun, 2024 4,749 211 219 132 28.4 4.4 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 4,863 239 -615 -587 -76.0 4.9 Nov 12, 2024 J-GAAP
YoY +2.3% +51.3% － － －

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