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JAPAN POWER FASTENING CO.,LTD, July-September (3Q) Ordinary Profit Turns to Loss

Fri Nov 8, 2024 3:30 pm JST Earnings

5950 JAPAN POWER FASTENING CO.,LTD 【J-GAAP】

Earnings Report

JAPAN POWER FASTENING CO.,LTD <5950> [TSE-S] announced its financial results after the market closed on November 8th (15:30). The consolidated ordinary profit/loss for the cumulative third quarter of the fiscal year ending December 2024 (January to September) turned into a profit of 330 million yen (compared to a loss of 40 million yen in the same period last year). The progress rate against the 410 million yen full-year plan was 80.5%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the October to December period (4Q) is expected to turn into a profit of 80 million yen (compared to a loss of 4 million yen in the same period last year).

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit/loss turned to a loss of 60 million yen (compared to a profit of 44 million yen in the same period last year). However, the operating profit/loss margin improved from -3.1% in the same period last year to -1.4%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jan - Sep, 2022 3,953 75 -23 -3 -0.3 ー Nov 11, 2022 J-GAAP
Jan - Sep, 2023 3,779 -111 -40 -104 -6.6 ー Nov 14, 2023 J-GAAP
Jan - Sep, 2024 3,651 -110 330 441 27.8 80.5 Nov 8, 2024 J-GAAP
YoY -3.4% +0.9% － － －

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2023 2,606 -54 40 22 1.4 0 Feb 14, 2024 J-GAAP
Jul - Dec, 2024 Guidance 2,663 56 20 224 14.9 5 Aug 9, 2024 J-GAAP
YoY +2.2% － -50.0% +918.2% +972.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 5,354 85 14 40 2.5 2.50 Feb 14, 2023 J-GAAP
Dec, 2023 5,108 -125 -44 -108 -6.8 0 Feb 14, 2024 J-GAAP
Dec, 2024 Guidance 5,000 -35 410 540 36.0 25 Aug 9, 2024 J-GAAP
YoY -2.1% +72.0% － － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,277 -40 44 26 1.6 -3.1 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 1,329 -14 -4 -4 -0.3 -1.1 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 1,121 -35 -36 -43 -2.7 -3.1 May 10, 2024 J-GAAP
Apr - Jun, 2024 1,216 -56 426 359 22.6 -4.6 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 1,314 -19 -60 125 7.9 -1.4 Nov 8, 2024 J-GAAP
YoY +2.9% +52.5% － +380.8% +380.5%

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