Shinwa (7607) Q3 2024 earnings summary

Executive summary

• Net sales for the nine months ended May 31, 2024, were ¥56,991 million, a 2.6% decrease year-over-year.

• Operating profit dropped 43.9% to ¥2,340 million compared to the same period last year.

• Profit attributable to owners of parent declined 36.2% to ¥1,812 million year-over-year.

Financial highlights

• Gross profit for the period was ¥8,691 million, down from ¥10,060 million year-over-year.

• Ordinary profit decreased 35.5% to ¥2,634 million.

• Basic earnings per share fell to ¥135.41 from ¥212.49 in the prior year.

• Comprehensive income was ¥2,754 million, a 1.4% decrease year-over-year.

Outlook and guidance

• Full-year net sales forecast is ¥72,000 million, a 5.4% decrease from the previous year.

• Operating profit is projected at ¥3,500 million, down 29.9% year-over-year.

• Profit attributable to owners of parent is forecast at ¥2,500 million, a 30.3% decrease.

• Full-year basic earnings per share expected to be ¥186.89.