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SHINKO ELECTRIC INDUSTRIES CO., LTD., First Half Ordinary Profit Revised Downward to an Unexpected 18% Decrease, Full Year also Reduced

Fri Oct 25, 2024 3:00 pm JST Revision

6967 SHINKO ELECTRIC INDUSTRIES CO., LTD. 【J-GAAP】

Guidance Update Report

SHINKO ELECTRIC INDUSTRIES CO., LTD. <6967> [TSE-P] announced a performance revision after the market closed on October 25th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) has downwardly by 28.1%, from the previous forecast of 16 billion yen to 11.5 billion yen (compared to 14 billion yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 18.3% decrease in profit.

Due to the deterioration of business performance in the first half of the year, the full-year consolidated ordinary profit has downwardly by 10.0%, from the previous forecast of 45 billion yen to 40.5 billion yen (compared to 27.2 billion yen in the previous period), leading to a reduction in the profit growth rate from 65.1% to 48.6%.

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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 115,000 16,000 16,000 11,000 81.4 0 Apr 25, 2024 J-GAAP
Apr - Sep, 2024 New 108,300 12,700 11,500 8,200 60.7 0 Oct 25, 2024 J-GAAP
Revision Rate -5.8% -20.6% -28.1% -25.5% -25.5%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 250,000 44,000 45,000 30,000 222.0 0 Apr 25, 2024 J-GAAP
Mar, 2025 New 243,300 40,700 40,500 27,200 201.3 0 Oct 25, 2024 J-GAAP
Revision Rate -2.7% -7.5% -10.0% -9.3% -9.3%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2023 105,109 11,470 14,073 9,780 72.4 25 Oct 26, 2023 J-GAAP
Apr - Sep, 2024 Guidance 108,300 12,700 11,500 8,200 60.7 0 Oct 25, 2024 J-GAAP
YoY +3.0% +10.7% -18.3% -16.2% -16.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 286,358 76,712 78,755 54,488 403.3 50 Apr 27, 2023 J-GAAP
Mar, 2024 209,972 24,810 27,257 18,609 137.7 25 Apr 25, 2024 J-GAAP
Mar, 2025 Guidance 243,300 40,700 40,500 27,200 201.3 0 Oct 25, 2024 J-GAAP
YoY +15.9% +64.0% +48.6% +46.2% +46.2%

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