Senshu Electric Co (9824) Q2 2024 earnings summary

Executive summary

• Net sales for April 2024 reached ¥66,125 million, up 6.9% year-over-year.

• Operating profit rose 18.6% to ¥5,104 million compared to the same quarter last year.

• Profit attributable to owners of parent increased 22.7% to ¥4,381 million year-over-year.

Financial highlights

• Ordinary profit grew 18.8% to ¥5,327 million year-over-year.

• Comprehensive income rose 38.5% to ¥4,381 million compared to the same quarter last year.

• Basic earnings per share increased to ¥208.88 from ¥168.11 year-over-year.

• Total assets as of April 2024 were ¥105,823 million, up from ¥101,367 million in October 2023.

• Capital adequacy ratio improved to 50.1% from 49.7% as of October 2023.

Outlook and guidance

• Full-year net sales forecast set at ¥132,000 million, a 5.6% increase year-over-year.

• Operating profit forecast at ¥9,600 million, up 14.7% year-over-year.

• Ordinary profit forecast at ¥10,000 million, up 14.0% year-over-year.

• Profit attributable to owners of parent projected at ¥7,000 million, up 18.2% year-over-year.

• Full-year basic EPS forecast at ¥401.64.