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Japan Aviation Electronics Industry, Limited, First Half Ordinary Profit Decreases by 6%, July-Septembe Ordinary Profit Decreases by 15%

Wed Oct 23, 2024 3:00 pm JST Earnings

6807 Japan Aviation Electronics Industry, Limited 【J-GAAP】

Earnings Report

Japan Aviation Electronics Industry, Limited <6807> [TSE-P] announced its financial results after the market closed on October 23rd (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 5.7% from the same period last year to 8.11 billion yen. However, The progress rate against the 16 billion yen full-year plan was 50.7%, almost the same as the five-year average of 48.5%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow by 28.0% from the same period last year, reaching 7.88 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 4.74 billion yen, a 14.6% decrease compared to the same period last year. However, the operating profit margin improved from 8.0% in the same period last year to 9.4%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2022 122,206 10,822 14,314 10,725 117.8 74.9 Oct 26, 2022 J-GAAP
Apr - Sep, 2023 113,285 6,770 8,607 6,711 73.6 58.3 Oct 27, 2023 J-GAAP
Apr - Sep, 2024 113,451 9,218 8,119 6,631 98.5 50.7 Oct 23, 2024 J-GAAP
YoY +0.1% +36.2% -5.7% -1.2% +33.7%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Guidance 113,500 8,000 7,500 6,000 89.1 30 Apr 24, 2024 J-GAAP
Apr - Sep, 2024 Results 113,451 9,218 8,119 6,631 98.5 30 Oct 23, 2024 J-GAAP
Revision Rate 0.0% +15.2% +8.3% +10.5% +10.5%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2023 112,496 7,653 6,155 5,534 62.0 30 Apr 24, 2024 J-GAAP
Oct - Mar, 2024 Guidance 116,549 7,782 7,881 5,869 87.1 30 Oct 23, 2024 J-GAAP
YoY +3.6% +1.7% +28.0% +6.1% +40.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 235,864 17,562 19,115 14,639 160.8 50 Apr 27, 2023 J-GAAP
Mar, 2024 225,781 14,423 14,762 12,245 137.1 55 Apr 24, 2024 J-GAAP
Mar, 2025 Guidance 230,000 17,000 16,000 12,500 185.5 60 Apr 24, 2024 J-GAAP
YoY +1.9% +17.9% +8.4% +2.1% +35.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 61,551 4,942 5,561 4,211 46.2 8.0 Oct 27, 2023 J-GAAP
Oct - Dec, 2023 58,065 4,729 3,770 4,066 44.6 8.1 Jan 29, 2024 J-GAAP
Jan - Mar, 2024 54,431 2,924 2,385 1,468 16.4 5.4 Apr 24, 2024 J-GAAP
Apr - Jun, 2024 55,560 3,774 3,370 3,136 46.6 6.8 Jul 24, 2024 J-GAAP
Jul - Sep, 2024 57,891 5,444 4,749 3,495 51.9 9.4 Oct 23, 2024 J-GAAP
YoY -5.9% +10.2% -14.6% -17.0% +12.3%

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