EXEDY Corporation, First Half Net Income Increases by 17%, Current Fiscal Year Dividend Revised Upward by 80 yen

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Tue Oct 29, 2024 4:00 pm JST Earnings

7278 EXEDY Corporation 【IFRS】

Earnings Report

EXEDY Corporation <7278> [TSE-P] announced its financial results (based on IFRS) after the market closed on October 29th (16:00). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 17.4% from the same period last year, reaching 6.3 billion yen. The progress rate against the 10 billion yen full-year plan was 63.0%, almost the same as the five-year average of 60.1%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income/loss for the October to March period (second half) is expected to turn into a profit of 3.69 billion yen (compared to a loss of 15.3 billion yen in the same period last year).

At the same time, the company has significantly increased its planned annual dividend for the current fiscal year from the original plan of 120 yen to 200 yen (compared to 120 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated net income amounted to 2.77 billion yen, an increase of 0.1% compared to the same period last year. The operating profit margin significantly improved from 5.2% in the same period last year to 9.3%.

Kabutan News

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	138,206	3,573	6,097	3,867	82.4	61.5	Oct 31, 2022	IFRS
Apr - Sep, 2023	151,195	6,431	8,076	5,369	114.3	ー	Oct 30, 2023	IFRS
Apr - Sep, 2024	153,799	11,337	9,785	6,304	141.9	65.2	Oct 29, 2024	IFRS
YoY	+1.7%	+76.3%	+21.2%	+17.4%	+24.1%

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	ー	ー	ー	ー	－	60	Apr 25, 2024	IFRS
Apr - Sep, 2024 Results	153,799	11,337	9,785	6,304	141.9	100	Oct 29, 2024	IFRS
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	300,000	16,000	15,000	10,000	246.2	120	Apr 25, 2024	IFRS
Mar, 2025 New	300,000	16,000	15,000	10,000	246.2	200	Oct 29, 2024	IFRS
Revision Rate	0.0%	0.0%	0.0%	0.0%	0.0%

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	157,143	-21,869	-21,350	-15,392	-327.8	60	Apr 25, 2024	IFRS
Oct - Mar, 2024 Guidance	146,201	4,663	5,215	3,696	91.0	100	Oct 29, 2024	IFRS
YoY	-7.0%	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	285,639	8,760	9,916	4,591	97.8	90	Apr 28, 2023	IFRS
Mar, 2024	308,338	-15,438	-13,274	-10,023	-213.4	120	Apr 25, 2024	IFRS
Mar, 2025 Guidance	300,000	16,000	15,000	10,000	246.2	200	Oct 29, 2024	IFRS
YoY	-2.7%	－	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	77,828	4,017	4,511	2,771	59.0	5.2	Oct 30, 2023	IFRS
Oct - Dec, 2023	80,686	5,096	4,551	2,837	60.4	6.3	Jan 31, 2024	IFRS
Jan - Mar, 2024	76,457	-26,965	-25,901	-18,229	-388.2	-35.3	Apr 25, 2024	IFRS
Apr - Jun, 2024	75,447	4,083	5,453	3,529	76.6	5.4	Jul 30, 2024	IFRS
Jul - Sep, 2024	78,352	7,254	4,332	2,775	62.5	9.3	Oct 29, 2024	IFRS
YoY	+0.7%	+80.6%	-4.0%	+0.1%	+5.8%