SANSO ELECTRIC CO.,LTD., First Half Ordinary Profit Turns to Loss, July-September Ordinary Profit Turns to Loss

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Thu Oct 31, 2024 3:30 pm JST Earnings

6518 SANSO ELECTRIC CO.,LTD. 【J-GAAP】

Earnings Report

SANSO ELECTRIC CO.,LTD. <6518> [TSE-S] announced its financial results after the market closed on October 31st (15:30). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a loss of 76 million yen (compared to a profit of 610 million yen in the same period last year).

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the October to March period (second half) is expected to turn into a loss of 74 million yen (compared to a profit of 186 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a loss of 25 million yen (compared to a profit of 249 million yen in the same period last year). The operating profit/loss margin drastically worsened from 4.8% in the same period last year to -0.7%.

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	8,516	429	498	342	75.6	47.2	Oct 31, 2022	J-GAAP
Apr - Sep, 2023	9,360	521	610	425	93.7	76.6	Oct 31, 2023	J-GAAP
Apr - Sep, 2024	7,616	-96	-76	-119	-26.2	ー	Oct 31, 2024	J-GAAP
YoY	-18.6%	－	－	－	－

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	7,616	-96	-76	-119	-26.1	0	Oct 28, 2024	J-GAAP
Apr - Sep, 2024 Results	7,616	-96	-76	-119	-26.2	0	Oct 31, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	-0.4%

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	8,306	156	186	68	15.0	27	May 9, 2024	J-GAAP
Oct - Mar, 2024 Guidance	7,984	-74	-74	-111	-24.3	25	Oct 28, 2024	J-GAAP
YoY	-3.9%	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	18,618	901	1,055	815	180.0	27	May 10, 2023	J-GAAP
Mar, 2024	17,666	677	796	493	108.5	27	May 9, 2024	J-GAAP
Mar, 2025 Guidance	15,600	-170	-150	-230	-50.4	25	Oct 28, 2024	J-GAAP
YoY	-11.7%	－	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	4,681	223	249	179	39.5	4.8	Oct 31, 2023	J-GAAP
Oct - Dec, 2023	4,379	165	178	117	25.8	3.8	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	3,927	-9	8	-49	-10.8	-0.2	May 9, 2024	J-GAAP
Apr - Jun, 2024	3,612	-66	-51	-54	-11.9	-1.8	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	4,004	-30	-25	-65	-14.3	-0.7	Oct 31, 2024	J-GAAP
YoY	-14.5%	－	－	－	－