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Satoh&Co.,Ltd., First Half Ordinary Profit Unexpectedly Revised Upward by 12%

Wed Nov 13, 2024 3:30 pm JST Earnings

9996 Satoh&Co.,Ltd. 【J-GAAP】

Earnings Report

Satoh&Co.,Ltd. <9996> [TSE-S] announced its financial results after the market closed on November 13th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 12.1% from the same period last year, reaching 938 million yen, resulting in an increase in profits compared to the previous forecast of a 9.0% decrease.

The progress rate against the 1.78 billion yen full-year plan was 52.5%, also surpassing the five-year average of 45.5%.

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 decrease by 7.8% from the same period last year to 847 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 22.4% from the same period last year, reaching 524 million yen. The operating profit margin improved from 3.3% in the same period last year to 3.9%.

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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 20,765 648 731 498 59.8 54.0 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 23,136 729 837 568 68.1 47.7 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 24,097 801 938 639 76.7 52.5 Nov 13, 2024 J-GAAP
YoY +4.2% +9.9% +12.1% +12.5% +12.5%

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 24,233 659 762 511 61.3 22 May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 24,097 801 938 639 76.7 22 Nov 13, 2024 J-GAAP
Revision Rate -0.6% +21.5% +23.1% +25.0% +25.1%

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 24,470 798 919 659 79.1 20 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 25,333 759 847 606 72.7 23 Nov 13, 2024 J-GAAP
YoY +3.5% -4.9% -7.8% -8.0% -8.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 43,667 1,240 1,354 968 116.1 31 May 12, 2023 J-GAAP
Mar, 2024 47,606 1,527 1,756 1,227 147.2 40 May 13, 2024 J-GAAP
Mar, 2025 Guidance 49,430 1,560 1,785 1,245 149.3 45 May 13, 2024 J-GAAP
YoY +3.8% +2.2% +1.7% +1.5% +1.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 11,538 378 428 289 34.7 3.3 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 13,184 596 661 453 54.4 4.5 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 11,286 202 258 206 24.7 1.8 May 13, 2024 J-GAAP
Apr - Jun, 2024 11,994 326 414 283 34.0 2.7 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 12,103 475 524 356 42.7 3.9 Nov 13, 2024 J-GAAP
YoY +4.9% +25.7% +22.4% +23.2% +23.2%

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