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Sagami Holdings Corporation, First Half Ordinary Profit Increases by 35%, July-September Ordinary Profit Increases by 15%

Wed Nov 13, 2024 3:00 pm JST Earnings

9900 Sagami Holdings Corporation 【J-GAAP】

Earnings Report

Sagami Holdings Corporation <9900> [TSE-P] announced its financial results in the afternoon session on November 13th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 1.3 billion yen, an increase of 34.8% compared to the same period last year. The progress rate against the 2.1 billion yen full-year plan was 62.3%, also surpassing the four-year average of 53.5%.

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 grow by 5.3% from the same period last year, reaching 792 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 15.3% from the same period last year, reaching 709 million yen. The operating profit margin improved from 7.5% in the same period last year to 7.9%.

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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 12,845 665 1,323 1,007 33.4 84.1 Nov 14, 2022 J-GAAP
Apr - Sep, 2023 15,027 930 970 734 24.4 56.3 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 17,164 1,282 1,308 989 32.8 62.3 Nov 13, 2024 J-GAAP
YoY +14.2% +37.8% +34.8% +34.7% +34.6%

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 17,100 1,280 1,300 980 32.4 0 Nov 5, 2024 J-GAAP
Apr - Sep, 2024 Results 17,164 1,282 1,308 989 32.8 0 Nov 13, 2024 J-GAAP
Revision Rate +0.4% +0.2% +0.6% +0.9% +1.3%

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 15,979 726 752 175 5.8 10 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 16,836 768 792 361 11.9 8 Nov 13, 2024 J-GAAP
YoY +5.4% +5.8% +5.3% +106.3% +105.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 26,423 910 1,574 886 29.4 7 May 12, 2023 J-GAAP
Mar, 2024 31,006 1,656 1,722 909 30.1 10 May 13, 2024 J-GAAP
Mar, 2025 Guidance 34,000 2,050 2,100 1,350 44.6 8 Nov 5, 2024 J-GAAP
YoY +9.7% +23.8% +22.0% +48.5% +47.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 7,950 594 615 482 16.0 7.5 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 7,916 556 576 321 10.6 7.0 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 8,063 170 176 -146 -4.8 2.1 May 13, 2024 J-GAAP
Apr - Jun, 2024 8,123 571 599 483 16.0 7.0 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 9,041 711 709 506 16.8 7.9 Nov 13, 2024 J-GAAP
YoY +13.7% +19.7% +15.3% +5.0% +4.9%

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