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SUZUKEN CO.,LTD., The Current Fiscal Year Ordinary Profit Revised Upward by 11%

Tue Nov 12, 2024 3:00 pm JST Earnings

9987 SUZUKEN CO.,LTD. 【J-GAAP】

Earnings Report

SUZUKEN CO.,LTD. <9987> [TSE-P] announced its financial results in the afternoon session on November 12th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 6.5% from the same period last year to 17 billion yen.

However, the full-year consolidated ordinary profit has been revised upward by 10.6%, from the previous forecast of 31 billion yen to 34.3 billion yen (compared to 38.3 billion yen in the previous period), and the declining rate is expected to decrease from 19.2% to 10.6%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease by 14.2% from the same period last year to 17.2 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 12 billion yen, a 8.9% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 2.0% in the same period last year to 1.9%.

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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 1,138,310 14,882 16,717 10,850 123.4 46.0 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 1,194,472 16,566 18,199 15,884 192.0 47.5 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 1,197,323 17,101 17,009 20,278 261.2 49.6 Nov 12, 2024 J-GAAP
YoY +0.2% +3.2% -6.5% +27.7% +36.0%

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 1,179,600 12,000 13,200 17,700 227.9 50 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 1,197,323 17,101 17,009 20,278 261.2 50 Nov 12, 2024 J-GAAP
Revision Rate +1.5% +42.5% +28.9% +14.6% +14.6%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 2,373,000 28,500 31,000 30,000 416.3 100 May 14, 2024 J-GAAP
Mar, 2025 New 2,391,000 33,600 34,300 33,300 462.1 100 Nov 12, 2024 J-GAAP
Revision Rate +0.8% +17.9% +10.6% +11.0% +11.0%

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 1,192,021 18,309 20,152 13,132 162.0 40 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 1,193,677 16,499 17,291 13,022 180.7 50 Nov 12, 2024 J-GAAP
YoY +0.1% -9.9% -14.2% -0.8% +11.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 2,314,828 32,605 36,376 20,345 236.5 72 May 15, 2023 J-GAAP
Mar, 2024 2,386,493 34,875 38,351 29,016 357.9 80 May 14, 2024 J-GAAP
Mar, 2025 Guidance 2,391,000 33,600 34,300 33,300 462.1 100 Nov 12, 2024 J-GAAP
YoY +0.2% -3.7% -10.6% +14.8% +29.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 620,828 12,511 13,217 12,542 151.6 2.0 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 619,850 9,954 10,843 9,613 117.0 1.6 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 572,171 8,355 9,309 3,519 43.4 1.5 May 14, 2024 J-GAAP
Apr - Jun, 2024 582,196 5,305 4,965 4,962 63.9 0.9 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 615,127 11,796 12,044 15,316 197.3 1.9 Nov 12, 2024 J-GAAP
YoY -0.9% -5.7% -8.9% +22.1% +30.1%

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