YAMASHIN-FILTER CORP., The Current Fiscal Year Ordinary Profit Revised Upward by 61%, Highest in Fourteen Terms, Dividend Revised Upward by 2 yen

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Tue Nov 5, 2024 3:00 pm JST Earnings

6240 YAMASHIN-FILTER CORP. 【J-GAAP】

Earnings Report

YAMASHIN-FILTER CORP. <6240> [TSE-P] announced its financial results in the afternoon session on November 5th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 3.4 times that of the same period last year, reaching 1.43 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward by 60.6%, from the previous forecast of 1.42 billion yen to 2.28 billion yen (compared to 1.41 billion yen in the previous period), increasing the growth rate from 0.4% to 61.1%, reaches new record high for the first time in fourteen terms.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease by 15.3% from the same period last year to 845 million yen.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 10 yen to 12 yen (compared to 6 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged to 2.7 times that of the same period last year, reaching 876 million yen. The operating profit margin drastically improved from 7.0% in the same period last year to 15.3%.

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	9,123	521	458	271	3.8	50.1	Nov 4, 2022	J-GAAP
Apr - Sep, 2023	8,709	420	417	226	3.2	29.5	Nov 6, 2023	J-GAAP
Apr - Sep, 2024	9,908	1,376	1,435	870	12.3	62.9	Nov 5, 2024	J-GAAP
YoY	+13.8%	+227.6%	+244.1%	+285.0%	+290.5%

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	－	5	May 15, 2024	J-GAAP
Apr - Sep, 2024 Results	9,908	1,376	1,435	870	12.3	5	Nov 5, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	17,690	1,410	1,420	980	13.8	10	May 15, 2024	J-GAAP
Mar, 2025 New	19,300	2,220	2,280	1,490	21.0	12	Nov 5, 2024	J-GAAP
Revision Rate	+9.1%	+57.4%	+60.6%	+52.0%	+52.0%

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	9,315	991	998	560	7.8	3	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	9,392	844	845	620	8.7	7	Nov 5, 2024	J-GAAP
YoY	+0.8%	-14.8%	-15.3%	+10.7%	+11.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	18,605	1,235	915	645	9.0	6	May 15, 2023	J-GAAP
Mar, 2024	18,024	1,411	1,415	786	11.0	6	May 15, 2024	J-GAAP
Mar, 2025 Guidance	19,300	2,220	2,280	1,490	21.0	12	Nov 5, 2024	J-GAAP
YoY	+7.1%	+57.3%	+61.1%	+89.6%	+90.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	4,407	308	322	207	2.9	7.0	Nov 6, 2023	J-GAAP
Oct - Dec, 2023	4,598	518	524	411	5.7	11.3	Feb 5, 2024	J-GAAP
Jan - Mar, 2024	4,717	473	474	149	2.1	10.0	May 15, 2024	J-GAAP
Apr - Jun, 2024	4,817	599	559	386	5.5	12.4	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	5,091	777	876	484	6.8	15.3	Nov 5, 2024	J-GAAP
YoY	+15.5%	+152.3%	+172.0%	+133.8%	+136.7%