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Yashima Denki Co.,Ltd., First Half Ordinary Profit Decreases by 29%, July-September Ordinary Profit Decreases by 50%

Thu Oct 31, 2024 3:10 pm JST Earnings

3153 Yashima Denki Co.,Ltd. 【J-GAAP】

Earnings Report

Yashima Denki Co.,Ltd. <3153> [TSE-P] announced its financial results after the market closed on October 31st (15:10). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 28.7% from the same period last year to 697 million yen. The progress rate against the 4.7 billion yen full-year plan was 14.8%, which was higher than the five-year average of 8.6%.

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 expand by 31.6% from the same period last year, reaching 4 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 341 million yen, a 49.8% decrease compared to the same period last year. The operating profit margin worsened from 4.5% in the same period last year to 2.5%.

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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 20,797 -571 -519 -405 -19.0 ー Oct 31, 2022 J-GAAP
Apr - Sep, 2023 25,891 923 978 623 29.4 24.3 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 23,416 641 697 502 23.7 14.8 Oct 31, 2024 J-GAAP
YoY -9.6% -30.6% -28.7% -19.4% -19.5%

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 － 0 May 15, 2024 J-GAAP
Apr - Sep, 2024 Results 23,416 641 697 502 23.7 0 Oct 31, 2024 J-GAAP
Revision Rate － － － － －

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 38,971 2,971 3,041 2,034 95.9 28 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 42,584 3,959 4,003 2,898 136.3 32 Oct 31, 2024 J-GAAP
YoY +9.3% +33.3% +31.6% +42.5% +42.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 60,270 2,794 2,929 1,916 90.1 25 May 15, 2023 J-GAAP
Mar, 2024 64,862 3,894 4,019 2,657 125.2 28 May 15, 2024 J-GAAP
Mar, 2025 Guidance 66,000 4,600 4,700 3,400 159.9 32 Sep 18, 2024 J-GAAP
YoY +1.8% +18.1% +16.9% +28.0% +27.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 14,452 652 679 429 20.3 4.5 Oct 31, 2023 J-GAAP
Oct - Dec, 2023 11,778 327 358 262 12.4 2.8 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 27,193 2,644 2,683 1,772 83.5 9.7 May 15, 2024 J-GAAP
Apr - Jun, 2024 10,670 325 356 205 9.7 3.0 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 12,746 316 341 297 14.0 2.5 Oct 31, 2024 J-GAAP
YoY -11.8% -51.5% -49.8% -30.8% -30.9%

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