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.
(C) 2024 MINKABU THE INFONOID, Inc.

IHI Corporation, The Current Fiscal Year Net Income Revised Upward by 42%, Highest in Three Terms, Dividend Revised Upward by 20 yen

Wed Nov 6, 2024 1:00 pm JST Earnings

7013 IHI Corporation 【IFRS】

Earnings Report

IHI Corporation <7013> [TSE-P] announced its financial results (based on IFRS) in the afternoon session on November 6th (13:00). The consolidated net income/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a profit of 39.3 billion yen (compared to a loss of 137 billion yen in the same period last year).

In addition, the full-year consolidated net income has been revised upward by 41.7%, from the previous forecast of 60 billion yen to 85 billion yen (compared to a loss of 68.2 billion yen in the previous period), reaches new record high for the first time in three terms.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to drop by 34.1% from the same period last year to 45.6 billion 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 100 yen to 120 yen (compared to 100 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated net income/loss turned to a profit of profit of 20.7 billion yen (compared to a loss of 143 billion yen in the same period last year). The operating profit/loss margin drastically improved from -96.6% in the same period last year to 13.1%.

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 594,456 33,526 39,516 21,115 139.6 60.9 Nov 8, 2022 IFRS
Apr - Sep, 2023 470,310 -157,031 -151,083 -137,566 -909.3 ー Nov 7, 2023 IFRS
Apr - Sep, 2024 757,488 77,263 62,660 39,309 259.7 50.1 Nov 6, 2024 IFRS
YoY +61.1% － － － －

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 － 50 May 8, 2024 IFRS
Apr - Sep, 2024 Results 757,488 77,263 62,660 39,309 259.7 50 Nov 6, 2024 IFRS
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 1,600,000 110,000 100,000 60,000 396.4 100 May 8, 2024 IFRS
Mar, 2025 New 1,600,000 145,000 125,000 85,000 561.6 120 Nov 6, 2024 IFRS
Revision Rate 0.0% +31.8% +25.0% +41.7% +41.7%

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 852,281 86,893 78,803 69,352 458.3 50 May 8, 2024 IFRS
Oct - Mar, 2024 Guidance 842,512 67,737 62,340 45,691 301.9 70 Nov 6, 2024 IFRS
YoY -1.1% -22.0% -20.9% -34.1% -34.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 1,352,940 81,985 64,865 44,545 294.5 90 May 9, 2023 IFRS
Mar, 2024 1,322,591 -70,138 -72,280 -68,214 -450.8 100 May 8, 2024 IFRS
Mar, 2025 Guidance 1,600,000 145,000 125,000 85,000 561.6 120 Nov 6, 2024 IFRS
YoY +21.0% － － － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 171,853 -165,960 -163,814 -143,172 -946.3 -96.6 Nov 7, 2023 IFRS
Oct - Dec, 2023 396,353 53,244 41,174 27,967 184.8 13.4 Feb 9, 2024 IFRS
Jan - Mar, 2024 455,928 33,649 37,629 41,385 273.5 7.4 May 8, 2024 IFRS
Apr - Jun, 2024 348,163 23,830 31,682 18,583 122.8 6.8 Aug 6, 2024 IFRS
Jul - Sep, 2024 409,325 53,433 30,978 20,726 136.9 13.1 Nov 6, 2024 IFRS
YoY +138.2% － － － －

Related Articles