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

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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%.

Kabutan News

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%