Shindengen Electric Manufacturing Co.,Ltd., First Half Net Income Revised Downward to a Loss, Full Year also Reduced

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Fri Nov 1, 2024 4:30 pm JST Revision

6844 Shindengen Electric Manufacturing Co.,Ltd. 【J-GAAP】

Guidance Update Report

Shindengen Electric Manufacturing Co.,Ltd. <6844> [TSE-P] announced a performance revision after the market closed on November 1st (16:30). The consolidated net income/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) has been revised downward from an expected profit of 200 million yen to a loss of 1.1 billion yen (compared to a loss of 958 million yen in the same period of the previous year), turning to a loss outlook.

Due to the deterioration of business performance in the first half of the year, the full-year consolidated net income has downwardly by 81.3%, from the previous forecast of 1.6 billion yen to 300 million yen (compared to a loss of 712 million yen in the previous period).

Kabutan News

Guidance Update

First Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Prev	50,800	600	600	200	19.4	0	May 14, 2024	J-GAAP
Apr - Sep, 2024 New	50,500	300	-300	-1,100	-106.6	0	Nov 1, 2024	J-GAAP
Revision Rate	-0.6%	-50.0%	－	－	－

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	106,600	2,500	2,600	1,600	155.1	130	May 14, 2024	J-GAAP
Mar, 2025 New	106,300	2,200	1,700	300	29.1	130	Nov 1, 2024	J-GAAP
Revision Rate	-0.3%	-12.0%	-34.6%	-81.3%	-81.2%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2023	49,602	406	673	-958	-93.0	0	Nov 8, 2023	J-GAAP
Apr - Sep, 2024 Guidance	50,500	300	-300	-1,100	-106.6	0	Nov 1, 2024	J-GAAP
YoY	+1.8%	-26.1%	－	-14.8%	-14.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	101,007	3,621	4,326	1,644	159.6	130	May 15, 2023	J-GAAP
Mar, 2024	102,261	1,278	1,660	-712	-69.1	130	May 14, 2024	J-GAAP
Mar, 2025 Guidance	106,300	2,200	1,700	300	29.1	130	Nov 1, 2024	J-GAAP
YoY	+3.9%	+72.1%	+2.4%	－	－