MATSUO ELECTRIC CO.,LTD., First Half Ordinary Profit Revised Downward to an Unexpected 13% Decrease, Full Year also Reduced

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Tue Nov 5, 2024 3:00 pm JST Revision

6969 MATSUO ELECTRIC CO.,LTD. 【J-GAAP】

Guidance Update Report

MATSUO ELECTRIC CO.,LTD. <6969> [TSE-S] announced a performance revision in the afternoon session on November 5th (15:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) has downwardly by 20.0%, from the previous forecast of 190 million yen to 152 million yen (compared to 175 million yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 13.1% decrease in profit.

Due to the deterioration of business performance in the first half of the year, the full-year ordinary profit has downwardly by 10.4%, from the previous forecast of 480 million yen to 430 million yen (compared to 220 million yen in the previous period), leading to a reduction in the profit growth rate from 2.2 times to 95.5%.

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	2,100	200	190	160	49.9	－	May 15, 2024	J-GAAP
Apr - Sep, 2024 New	2,146	167	152	79	24.6	－	Nov 5, 2024	J-GAAP
Revision Rate	+2.2%	-16.5%	-20.0%	-50.6%	-50.6%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	4,800	510	480	430	134.1	0	May 15, 2024	J-GAAP
Mar, 2025 New	4,700	460	430	330	102.9	0	Nov 5, 2024	J-GAAP
Revision Rate	-2.1%	-9.8%	-10.4%	-23.3%	-23.3%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2023	2,142	199	175	93	29.0	－	Nov 13, 2023	J-GAAP
Apr - Sep, 2024 Guidance	2,146	167	152	79	24.6	－	Nov 5, 2024	J-GAAP
YoY	+0.2%	-16.1%	-13.1%	-15.1%	-15.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	4,649	546	528	306	95.6	0	May 15, 2023	J-GAAP
Mar, 2024	4,209	254	220	28	9.0	0	May 15, 2024	J-GAAP
Mar, 2025 Guidance	4,700	460	430	330	102.9	0	Nov 5, 2024	J-GAAP
YoY	+11.7%	+81.1%	+95.5%	+1,078.6%	+1,045.8%