Sanyo Trading (3176) Q3 2024 earnings summary

Executive summary

• Net sales for the first three quarters rose 6.4% year-over-year to ¥95,946 million, with operating profit up 13.1% to ¥5,877 million and profit attributable to owners of parent up 27.5% to ¥4,722 million.

• Ordinary profit increased 30.2% year-over-year to ¥7,293 million.

• Comprehensive income increased 34.7% year-over-year to ¥5,961 million.

• Progress toward the full-year plan reached 76% for net sales and 86% for operating profit, indicating steady performance.

• No change to full-year forecasts due to ongoing business environment uncertainty.

Financial highlights

• Gross profit increased 9.8% year-over-year to ¥16,696 million, with the gross profit ratio improving to 17.4%.

• Basic EPS for the period was ¥164.07, up from ¥128.90 year-over-year.

• Total assets increased to ¥77,032 million, with net assets at ¥48,266 million.

• Profit attributable to owners of parent increased 27.5% to ¥4,722 million.

• Ordinary profit surged 30.2% year-over-year to ¥7,293 million.

Outlook and guidance

• Full-year forecast remains unchanged: net sales of ¥126,000 million, operating profit of ¥7,500 million, ordinary profit of ¥6,800 million, and profit attributable to owners of parent of ¥4,900 million.

• Annual dividend forecast is ¥45.00 per share.

• Full-year forecasts remain unchanged despite strong progress, reflecting caution amid uncertain market conditions.