DMG MORI CO., LTD., The Current Fiscal Year Net Income Revised Downward to an Unexpected 71% Decrease

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.

Fri Nov 1, 2024 3:00 pm JST Earnings

6141 DMG MORI CO., LTD. 【IFRS】

Earnings Report

DMG MORI CO., LTD. <6141> [TSE-P] announced its financial results (based on IFRS) after the market closed on November 1st (15:00). The consolidated net income for the cumulative third quarter of the fiscal year ending December 2024 (January to September) significantly dropped by 97.4% from the same period last year to 606 million yen.

In addition, the full-year consolidated net income has downwardly by 72.2%, from the previous forecast of 36 billion yen to 10 billion yen (compared to 33.9 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 70.5% decrease in profit.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated net income for the July to December period (second half) has downwardly by 70.4%, from the previous forecast of 36.9 billion yen to 10.9 billion yen (compared to 19 billion yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 42.6% decrease in profit.

In the most recent three-month period, from July to September (3Q), the consolidated net income significantly dropped to 1.53 billion yen, a 81.0% decrease compared to the same period last year. The operating profit margin significantly dropped from 10.0% in the same period last year to 5.5%.

Kabutan News

Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jan - Sep, 2022	333,032	26,755	24,309	16,576	121.8	66.5	Nov 7, 2022	IFRS
Jan - Sep, 2023	380,161	35,672	31,456	23,020	173.0	65.6	Oct 25, 2023	IFRS
Jan - Sep, 2024	387,960	30,004	25,255	606	-4.9	ー	Nov 1, 2024	IFRS
YoY	+2.1%	-15.9%	-19.7%	-97.4%	－

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2024 Prev	286,283	35,287	ー	36,933	261.2	50	Jul 31, 2024	IFRS
Jul - Dec, 2024 New	286,283	20,787	ー	10,933	77.3	50	Nov 1, 2024	IFRS
Revision Rate	0.0%	-41.1%	－	-70.4%	-70.4%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Prev	550,000	58,500	ー	36,000	254.6	100	Apr 26, 2024	IFRS
Dec, 2024 New	550,000	44,000	ー	10,000	70.7	100	Nov 1, 2024	IFRS
Revision Rate	0.0%	-24.8%	－	-72.2%	-72.2%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	289,912	31,568	28,215	19,035	143.9	50	Feb 5, 2024	IFRS
Jul - Dec, 2024 Guidance	286,283	20,787	ー	10,933	77.3	50	Nov 1, 2024	IFRS
YoY	-1.3%	-34.2%	－	-42.6%	-46.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	474,771	41,213	36,528	25,406	188.6	70	Feb 8, 2023	IFRS
Dec, 2023	539,450	54,150	47,927	33,944	256.7	90	Feb 5, 2024	IFRS
Dec, 2024 Guidance	550,000	44,000	ー	10,000	70.7	100	Nov 1, 2024	IFRS
YoY	+2.0%	-18.7%	－	-70.5%	-72.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	130,623	13,090	11,744	8,111	60.9	10.0	Oct 25, 2023	IFRS
Oct - Dec, 2023	159,289	18,478	16,471	10,924	82.6	11.6	Feb 5, 2024	IFRS
Jan - Mar, 2024	132,851	10,772	9,268	-8,661	-72.3	8.1	Apr 26, 2024	IFRS
Apr - Jun, 2024	130,866	12,441	11,263	7,728	110.4	9.5	Jul 31, 2024	IFRS
Jul - Sep, 2024	124,243	6,791	4,724	1,539	8.4	5.5	Nov 1, 2024	IFRS
YoY	-4.9%	-48.1%	-59.8%	-81.0%	-86.2%