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Kyosan Electric Manufacturing Co.,Ltd., First Half Ordinary Profit Loss Widened in Downward Revision

Fri Sep 20, 2024 3:30 pm JST Revision

6742 Kyosan Electric Manufacturing Co.,Ltd. 【J-GAAP】

Guidance Update Report

Kyosan Electric Manufacturing Co.,Ltd. <6742> [TSE-P] announced a performance revision after the market closed on September 20th (15:30). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) has been revised downward from an expected loss of 600 million yen to a loss of 1.2 billion yen (compared to a loss of 2.37 billion yen in the same period of the previous year), indicating an expansion in the loss margin.

Furthermore, the full-year ordinary profit forecast remains unchanged from the estimate of 6 billion yen(compared to 3.25 billion yen in the previous period).

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Guidance Update

First Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Prev 29,000 -800 -600 -300 -4.8 5 May 13, 2024 J-GAAP
Apr - Sep, 2024 New 26,500 -1,500 -1,200 -1,100 -17.5 5 Sep 20, 2024 J-GAAP
Revision Rate -8.6% -87.5% -100.0% -266.7% -266.9%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2023 23,915 -2,920 -2,378 -730 -11.7 5 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 Guidance 26,500 -1,500 -1,200 -1,100 -17.5 5 Sep 20, 2024 J-GAAP
YoY +10.8% +48.6% +49.5% -50.7% -50.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 72,327 2,207 2,683 2,070 33.0 18 May 12, 2023 J-GAAP
Mar, 2024 70,525 2,491 3,259 3,434 54.8 20 May 13, 2024 J-GAAP
Mar, 2025 Guidance 84,000 5,700 6,000 4,400 70.2 20 May 13, 2024 J-GAAP
YoY +19.1% +128.8% +84.1% +28.1% +28.1%

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