Consolidated Financial Results
for the Fiscal Year Ended February 28 , 2025
(JGAAP)
April 10, 2025
Listed company name: Sugi Holdings Co., Ltd.
Stock exchange listing: Tokyo Stock Exchange / Nagoya Stock Exchange
Securities code: | 7649 | |
URL: | https://www.sugi-hd.co.jp/ | |
Representative: | Katsunori Sugiura, Representative Director & President | |
Contact: | Makoto Kasai, Executive Managing Officer Responsible for corporate planning and finance | |
Phone: | +81-562-45-2744 | |
Scheduled date to annual general meeting of shareholders: | May 27,2025 | |
Scheduled date to commence dividend payments: | May 28,2025 | |
Scheduled date to file annual securities report: | May 28,2025 | |
Preparation of supplementary material on quarterly financial results: Yes | ||
Holding of financial results briefing: | Yes (For securities analysts and institutional investors) |
(Any fraction less than one million yen is rounded down to the nearest million yen)
1. Consolidated Financial Results for the Fiscal Year Ended February 28, 2025 ( March 1, 2024 to February 28, 2025)
(1) Consolidated Operating Results | (% changes represent changes from previous year) | ||||||||||||
Net sales | EBITDA | Operating profit | Ordinary profit | Profit attributable to | |||||||||
owners of parent | |||||||||||||
Fiscal Year ended | Million yen | % | Million yen | % | Million yen | % | Million yen | % | Million yen | % | |||
February 28, 2025 | 878,021 | 17.9 | 60,435 | 19.0 | 42,563 | 16.2 | 41,993 | 10.4 | 25,689 | 16.9 | |||
February 29, 2024 | 744,477 | 11.5 | 50,802 | 15.3 | 36,622 | 15.7 | 38,039 | 17.4 | 21,979 | 15.6 |
(Note) Comprehensive profit | ||||||
FY ended February 28, 2025: 25,589 million yen 【18.3％】, | FY ended February 29, 2024: 21,632 million yen 【 14.8%】 | |||||
Net profit per share - | Net profit per share - Diluted | Return on equity | Ratio of ordinary | Ratio of operating profit | ||
Basic | profit to total assets | to net sales | ||||
Fiscal Year ended | Yen | Yen | % | % | % | |
February 28, 2025 | 141.96 | ― | 10.6 | 9.5 | 4.8 | |
February 29, 2024 | 121.46 | ― | 9.8 | 10.2 | 4.9 |
(Reference) Equity method investment profit (loss) FY ended February 28, 2025 △2,688 million yen FY ended February 29, 2024 △43 million yen (Note) The company conducted a stock split on March 1, 2024 at a ratio of 3 shares for 1 common stock. Net income per share is calculated on the assumption that the stock split was conducted at the beginning of the previous fiscal year.
*EBITDA = Operating profit + Depreciation + Amortization of goodwill
(2) Consolidated Financial Position
Total assets | Net assets | Shareholders' equity ratio | Net assets per share | ||||
Fiscal Year ended | Million yen | Million yen | % | Yen | |||
February 28, 2025 | 495,116 | 250,704 | 50.6 | 1,385.37 | |||
February 29, 2024 | 390,563 | 233,362 | 59.8 | 1,289.59 | |||
(Reference) Shareholders' equity | |||||||
FY ended February 28, 2025 | 250,704 million yen | FY ended February 29, 2024 233,362 million yen |
(Note) The company conducted a stock split on March 1, 2024 at a ratio of 3 shares for 1 common stock. Net income per share is calculated on the assumption that the stock split was conducted at the beginning of the previous fiscal year.
(3) Consolidated Cash Flows
Cash flows from operating | Cash flows from investing | Cash flows from financing | Cash and cash equivalents | ||
activities | activities | activities | at end of period | ||
Fiscal Year ended | Million yen | Million yen | Million yen | Million yen | |
February 28, 2025 | 36,941 | △33,285 | 11,633 | 52,736 | |
February 29, 2024 | 39,041 | △30,976 | △5,284 | 37,406 | |
2. Dividends
Annual dividends | Total | Payout ratio | Ratio of dividends to net | |||||||||||||||||
dividends | (consolidate | assets | ||||||||||||||||||
End of Q1 | End of Q2 | End of Q3 | Year-end | Total | ||||||||||||||||
d) | (consolidated) | |||||||||||||||||||
Yen | Yen | Yen | Yen | Yen | Million yen | % | % | |||||||||||||
Fiscal Year ended | - | 40.00 | - | 40.00 | 80.00 | 4,825 | 22.0 | 2.1 | ||||||||||||
February 29, 2024 | ||||||||||||||||||||
Fiscal Year ended | - | 15.00 | - | 20.00 | 35.00 | 6,333 | 24.7 | 1.3 | ||||||||||||
February 28, 2025 | ||||||||||||||||||||
Fiscal Year ending | - | - | ||||||||||||||||||
February 28, 2026 | 15.00 | 20.00 | 35.00 | 18.6 | ||||||||||||||||
(forecast) | ||||||||||||||||||||
(Note) The company conducted a stock split on March 1, 2024 at a ratio of 3 shares for 1 common stock. For the fiscal years ended February 29, 2024, the actual dividend amounts prior to the stock split are shown.
3.Forecast of Consolidated Results for the Fiscal Year Ending February 28,2026 (March 1, 2025 to February 28, 2026)
(% figures represent changes from previous period)
Net sales | EBITDA | Operating profit | Ordinary profit | Profit attributable to | Net profit per | |||||||||
owners of parent | share - Basic | |||||||||||||
Million yen | % | Million | % | Million | % | Million | % | Million | % | Yen | ||||
yen | yen | yen | yen | |||||||||||
Q2 (cumulative) | 495,000 | 19.6 | 32,400 | 15.0 | 23,000 | 13.4 | 24,000 | 11.8 | 16,500 | 26.3 | 91.18 | |||
Full year | 1,000,000 | 13.9 | 67,900 | 12.4 | 48,000 | 12.8 | 49,500 | 17.9 | 34,000 | 32.4 | 187.88 | |||
- Notes
(1) Material changes in subsidiaries during the period: Yes
Newly included subsidiaries: I&H Co., Ltd., Excluded subsidiaries: None
(Note) For more information, please refer to "(5) Notes to Consolidated Financial Statements (Material Changes in the Scope of Consolidation)" in "3. Consolidated Financial Statements and Significant Notes Thereto" on page 12 of the attached material.
-
Changes in accounting policies, changes in accounting estimates, and restatements
1)Changes in accounting policies due to revision of accounting standards: None
2)Changes in accounting principles due to reasons other than : None
3)Changes in accounting estimates: | None |
4)Restatements: | None |
- Number of issued shares (common stock)
- Total number of issued shares at the end of the period (including treasury shares)
- Number of treasury shares at the end of the period
- Average number of shares during the period
FY ended February 28, | 189,992,514 | FY ended February 29, | 189,992,514 |
2025 | 2024 | ||
FY ended February 28, | 9,026,618 | FY ended February 29, | 9,034,380 |
2025 | 2024 | ||
FY ended February 28, | 180,963,579 | FY ended February 29, | 180,955,716 |
2025 | 2024 |
(Note) The company conducted a stock split on March 1, 2024 at a ratio of 3 shares for 1 common stock. Total number of issued shares at the end of the period, number of treasury shares at the end of the period, and average number of shares during the period are calculated on the assumption that the stock split was conducted at the beginning of the previous fiscal year.
(Reference) Summary of Non-consolidated Financial Results
1. Non-consolidated Financial Results for the Fiscal Year Ended February 28, 2025 (March 1, 2024 to February 28, 2025)
(1) Non-consolidated Operating Results | (% changes represent changes from previous year) | |||||||||||||||
Net sales | Operating profit | Ordinary profit | Net profit | |||||||||||||
Million yen | % | Million yen | % | Million yen | % | Million yen | % | |||||||||
FY ended | 83,687 | 9.5 | 25,572 | 3.2 | 26,718 | 4.1 | 18,240 | △6.0 | ||||||||
February 28, 2025 | ||||||||||||||||
February 29, 2024 | 76,401 | 9.6 | 24,782 | 9.1 | 25,674 | 12.2 | 19,404 | 2.1 | ||||||||
Net profit per share - Basic | Net profit per share - Diluted | |||||||||||||||
Yen | Yen | |||||||||||||||
FY ended February 28, 2025 | 100.79 | - | ||||||||||||||
February 29, 2024 | 107.23 | - | ||||||||||||||
(Note) The company conducted a stock split on March 1, 2024 at a ratio of 3 shares for 1 common stock. Net assets per share is calculated on the assumption that the stock split was conducted at the beginning of the previous fiscal year.
(2) Non-consolidated Financial Position
Total assets | Net assets | Shareholders' equity ratio | Net assets per share | ||||
Million yen | Million yen | % | Yen | ||||
FY ended | 380,252 | 222,256 | 58.4 | 1,228.17 | |||
February 28, 2025 | |||||||
FY ended | 311,177 | 209,770 | 67.4 | 1,159.22 | |||
February 29, 2024 | |||||||
(Reference)Shareholders'equity | FY ended February 28, 2025 222,256 million yen | FY ended February 29, 2024 209,770 million yen |
(Note) The company conducted a stock split on March 1, 2024 at a ratio of 3 shares for 1 common stock. Net assets per share is calculated on the assumption that the stock split was conducted at the beginning of the previous fiscal year.
- This report has not been audited by the Company's external auditors.
- Explanation regarding the appropriate use of financial results forecasts and other important matters
The forward-looking statements concerning future performance included in this report are based on the information available at the time of this report and certain assumptions that the Company deemed reasonable, and the Company does not intend to promise that they will be materialized. Therefore, actual results may differ significantly from these forward-looking statements due to various factors. For notes regarding the conditions that serve as assumptions for the financial results forecast and the use of the financial results forecast, please refer to "(4) Outlook for FY2025" in "1. Results of Operations" on page 3 of the attached material.
(Note) Revision of the most recent consolidated operating results forecast: Yes
Please refer to the "Notice of revisions to performance forecasts" released today (January 9, 2025) for the revision of consolidated earnings forecasts.
*EBITDA = Operating income + Depreciation and amortization + Amortization of goodwill