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Panasonic Holdings Corporation, July-September (2Q) Net Income Increases by 35%

Thu Oct 31, 2024 3:30 pm JST Earnings

6752 Panasonic Holdings Corporation 【IFRS】

Earnings Report

Panasonic Holdings Corporation <6752> [TSE-P] announced its financial results (based on IFRS) after the market closed on October 31st (15:30). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 34.5% from the same period last year to 188 billion yen. The progress rate against the 310 billion yen full-year plan was 60.9%, also surpassing the five-year average of 47.9%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to decrease by 22.2% from the same period last year to 121 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income increased by 35.2% from the same period last year, reaching 118 billion yen. The operating profit margin improved from 4.9% in the same period last year to 6.2%.

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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 4,063,929 149,759 166,620 107,337 46.0 52.7 Oct 31, 2022 IFRS
Apr - Sep, 2023 4,119,424 192,835 224,331 288,379 123.6 52.8 Oct 30, 2023 IFRS
Apr - Sep, 2024 4,251,310 216,046 250,959 188,909 80.9 58.4 Oct 31, 2024 IFRS
YoY +3.2% +12.0% +11.9% -34.5% -34.5%

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 － 20 Aug 30, 2024 IFRS
Apr - Sep, 2024 Results 4,251,310 216,046 250,959 188,909 80.9 20 Oct 31, 2024 IFRS
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 4,376,996 168,127 200,908 155,615 66.7 17.50 May 9, 2024 IFRS
Oct - Mar, 2024 Guidance 4,348,690 163,954 179,041 121,091 51.9 20 Oct 31, 2024 IFRS
YoY -0.6% -2.5% -10.9% -22.2% -22.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 8,378,942 288,570 316,409 265,502 113.8 30 May 10, 2023 IFRS
Mar, 2024 8,496,420 360,962 425,239 443,994 190.2 35 May 9, 2024 IFRS
Mar, 2025 Guidance 8,600,000 380,000 430,000 310,000 132.8 40 Aug 30, 2024 IFRS
YoY +1.2% +5.3% +1.1% -30.2% -30.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 2,089,730 102,463 115,598 87,454 37.5 4.9 Oct 30, 2023 IFRS
Oct - Dec, 2023 2,180,882 127,422 144,453 110,799 47.5 5.8 Feb 2, 2024 IFRS
Jan - Mar, 2024 2,196,114 40,705 56,455 44,816 19.2 1.9 May 9, 2024 IFRS
Apr - Jun, 2024 2,121,689 83,761 104,713 70,633 30.3 3.9 Jul 31, 2024 IFRS
Jul - Sep, 2024 2,129,621 132,285 146,246 118,276 50.7 6.2 Oct 31, 2024 IFRS
YoY +1.9% +29.1% +26.5% +35.2% +35.2%

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