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SEKICHU, Sep-Nov (3Q) Ordinary Profit Increases by 56%

Wed Dec 25, 2024 4:00 pm JST Earnings

9976 SEKICHU CO.,LTD. 【J-GAAP】

Earnings Report

SEKICHU CO.,LTD. <9976> [TSE Std] announced its financial results after the market closed on December 25th (16:00). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending February 2025 (March to November) decreased 18.7% from the same period last year to 592 million yen. The progress rate toward the full-year plan of 550 million yen is 107.6%, but was lower than the the five-year average of 109.7%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit/loss for the December to February period (4Q) is expected to turn into a loss of 42 million yen (compared to a profit of 68 million yen in the same period last year).

In the most recent three-month period, from September to November (3Q), the ordinary profit increased 56.2% from the same period last year, reaching 139 million yen. The operating profit margin improved from 1.0% in the same period last year to 1.6%.

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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
Mar - Nov, 2022 22,992 849 898 570 105.9 111.3 Dec 28, 2022 J-GAAP
Mar - Nov, 2023 22,645 680 728 500 92.9 91.5 Dec 28, 2023 J-GAAP
Mar - Nov, 2024 23,592 553 592 456 84.7 107.6 Dec 25, 2024 J-GAAP
YoY +4.2% -18.7% -18.7% -8.8% -8.8%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2023 14,990 124 157 69 12.8 30 Mar 28, 2024 J-GAAP
Sep - Feb, 2024 Guidance 14,347 74 97 -1 -0.2 20 Sep 25, 2024 J-GAAP
YoY -4.3% -40.3% -38.2% － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 30,943 751 807 477 88.7 30 Mar 30, 2023 J-GAAP
Feb, 2024 30,381 730 796 510 94.9 30 Mar 28, 2024 J-GAAP
Feb, 2025 Guidance 30,000 500 550 350 64.1 20 Mar 28, 2024 J-GAAP
YoY -1.3% -31.5% -30.9% -31.4% -32.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Sep - Nov, 2023 7,254 74 89 59 11.0 1.0 Dec 28, 2023 J-GAAP
Dec - Feb, 2023 7,736 50 68 10 1.9 0.6 Mar 28, 2024 J-GAAP
Mar - May, 2024 7,784 275 283 200 37.2 3.5 Jun 26, 2024 J-GAAP
Jun - Aug, 2024 7,869 151 170 151 28.1 1.9 Sep 25, 2024 J-GAAP
Sep - Nov, 2024 7,939 127 139 105 19.5 1.6 Dec 25, 2024 J-GAAP
YoY +9.4% +71.6% +56.2% +78.0% +77.9%

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