Imasen Electric Industrial Co.,Ltd., First Half Ordinary Profit Revised Downward to a Loss

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Fri Nov 8, 2024 4:00 pm JST Earnings

7266 Imasen Electric Industrial Co.,Ltd. 【J-GAAP】

Earnings Report

Imasen Electric Industrial Co.,Ltd. <7266> [TSE-S] announced its financial results after the market closed on November 8th (16:00). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a loss of 252 million yen (compared to a profit of 208 million yen in the same period last year), reversing from the forecast of a 100 million yen to a loss

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 surge by 11 times that of the same period last year, reaching 552 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary loss expanded to a loss of 612 million yen (compared to a loss of 115 million yen in the same period last year). However, the operating profit/loss margin improved from -1.3% in the same period last year to -0.8%.

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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	45,859	-1,137	73	-562	-24.5	260.7	Nov 7, 2022	J-GAAP
Apr - Sep, 2023	47,332	-276	208	-1,114	-50.4	80.0	Nov 7, 2023	J-GAAP
Apr - Sep, 2024	46,519	-437	-252	1,821	83.2	ー	Nov 8, 2024	J-GAAP
YoY	-1.7%	-58.3%	－	－	－

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	46,000	-500	100	2,000	91.3	7.50	Aug 9, 2024	J-GAAP
Apr - Sep, 2024 Results	46,519	-437	-252	1,821	83.2	7.50	Nov 8, 2024	J-GAAP
Revision Rate	+1.1%	+12.6%	－	-9.0%	-8.9%

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	52,398	290	52	1,043	47.9	6	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	46,981	537	552	-421	-19.2	7.50	Nov 8, 2024	J-GAAP
YoY	-10.3%	+85.2%	+961.5%	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	99,730	-770	28	-2,053	-89.7	15	May 12, 2023	J-GAAP
Mar, 2024	99,730	14	260	-71	-3.3	12	May 13, 2024	J-GAAP
Mar, 2025 Guidance	93,500	100	300	1,400	63.9	15	May 13, 2024	J-GAAP
YoY	-6.2%	+614.3%	+15.4%	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	23,205	-296	-115	-206	-9.3	-1.3	Nov 7, 2023	J-GAAP
Oct - Dec, 2023	25,981	66	120	142	6.5	0.3	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	26,417	224	-68	901	41.4	0.8	May 13, 2024	J-GAAP
Apr - Jun, 2024	23,319	-245	360	2,156	98.5	-1.1	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	23,200	-192	-612	-335	-15.3	-0.8	Nov 8, 2024	J-GAAP
YoY	0.0%	+35.1%	-432.2%	-62.6%	-64.4%