YOKOGAWA ELECTRIC CORPORATION, First Half Ordinary Profit Decreases by 3%

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.

Tue Nov 5, 2024 3:30 pm JST Earnings

6841 YOKOGAWA ELECTRIC CORPORATION 【J-GAAP】

Earnings Report

YOKOGAWA ELECTRIC CORPORATION <6841> [TSE-P] announced its financial results after the market closed on November 5th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 3.2% from the same period last year to 35.8 billion yen. The progress rate against the 75 billion yen full-year plan was 47.9%, which was higher than the five-year average of 42.7%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease by 16.8% from the same period last year to 39.1 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 18.7 billion yen, a 15.1% decrease compared to the same period last year. However, the operating profit margin rose from 15.2% in the same period last year to 15.6%.

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	205,918	13,537	15,870	9,239	34.6	32.6	Nov 1, 2022	J-GAAP
Apr - Sep, 2023	254,498	33,707	37,076	35,053	132.5	44.1	Nov 7, 2023	J-GAAP
Apr - Sep, 2024	266,580	36,314	35,897	24,573	94.5	47.9	Nov 5, 2024	J-GAAP
YoY	+4.7%	+7.7%	-3.2%	-29.9%	-28.7%

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	－	29	May 7, 2024	J-GAAP
Apr - Sep, 2024 Results	266,580	36,314	35,897	24,573	94.5	29	Nov 5, 2024	J-GAAP
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	285,654	45,093	47,022	26,632	101.4	23	May 7, 2024	J-GAAP
Oct - Mar, 2024 Guidance	296,420	38,686	39,103	24,427	93.9	29	Nov 5, 2024	J-GAAP
YoY	+3.8%	-14.2%	-16.8%	-8.3%	-7.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	456,479	44,409	48,608	38,920	145.8	34	May 9, 2023	J-GAAP
Mar, 2024	540,152	78,800	84,098	61,685	234.8	40	May 7, 2024	J-GAAP
Mar, 2025 Guidance	563,000	75,000	75,000	49,000	188.3	58	May 7, 2024	J-GAAP
YoY	+4.2%	-4.8%	-10.8%	-20.6%	-19.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	135,852	20,632	22,109	10,378	39.2	15.2	Nov 7, 2023	J-GAAP
Oct - Dec, 2023	138,591	24,673	23,939	17,060	64.8	17.8	Feb 6, 2024	J-GAAP
Jan - Mar, 2024	147,063	20,420	23,083	9,572	36.4	13.9	May 7, 2024	J-GAAP
Apr - Jun, 2024	128,924	14,826	17,131	10,054	38.7	11.5	Aug 6, 2024	J-GAAP
Jul - Sep, 2024	137,656	21,488	18,766	14,519	55.8	15.6	Nov 5, 2024	J-GAAP
YoY	+1.3%	+4.1%	-15.1%	+39.9%	+42.3%