Maxell, Ltd., First Half Ordinary Profit Decreases by 36%, July-September Ordinary Profit Decreases by 71%

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Thu Oct 31, 2024 3:00 pm JST Earnings

6810 Maxell, Ltd. 【J-GAAP】

Earnings Report

Maxell, Ltd. <6810> [TSE-P] announced its financial results after the market closed on October 31st (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 35.6% from the same period last year to 3.86 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 839 million yen, a 70.7% decrease compared to the same period last year. The operating profit margin worsened from 7.6% in the same period last year to 5.8%.

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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	65,205	2,461	3,850	3,140	64.6	57.2	Oct 28, 2022	J-GAAP
Apr - Sep, 2023	65,620	4,566	6,001	4,934	107.7	61.3	Oct 30, 2023	J-GAAP
Apr - Sep, 2024	63,122	4,177	3,865	3,085	69.0	ー	Oct 31, 2024	J-GAAP
YoY	-3.8%	-8.5%	-35.6%	-37.5%	-35.9%

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	－	25	Apr 26, 2024	J-GAAP
Apr - Sep, 2024 Results	63,122	4,177	3,865	3,085	69.0	25	Oct 31, 2024	J-GAAP
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	128,000	8,000	ー	6,000	139.1	50	Apr 26, 2024	J-GAAP
Mar, 2025 New	126,000	8,000	ー	6,000	139.1	50	Oct 31, 2024	J-GAAP
Revision Rate	-1.6%	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	63,519	3,517	3,785	2,610	56.9	30	Apr 26, 2024	J-GAAP
Oct - Mar, 2024 Guidance	62,878	3,823	ー	2,915	67.6	25	Oct 31, 2024	J-GAAP
YoY	-1.0%	+8.7%	－	+11.7%	+18.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	132,776	5,638	6,727	5,193	109.3	40	Apr 27, 2023	J-GAAP
Mar, 2024	129,139	8,083	9,786	7,544	164.6	50	Apr 26, 2024	J-GAAP
Mar, 2025 Guidance	126,000	8,000	ー	6,000	139.1	50	Oct 31, 2024	J-GAAP
YoY	-2.4%	-1.0%	－	-20.5%	-15.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	33,395	2,542	2,861	2,588	56.5	7.6	Oct 30, 2023	J-GAAP
Oct - Dec, 2023	31,684	1,905	1,645	751	16.4	6.0	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	31,835	1,612	2,140	1,859	40.6	5.1	Apr 26, 2024	J-GAAP
Apr - Jun, 2024	31,385	2,336	3,026	2,207	48.3	7.4	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	31,737	1,841	839	878	19.6	5.8	Oct 31, 2024	J-GAAP
YoY	-5.0%	-27.6%	-70.7%	-66.1%	-65.2%