kabutan

SHIBAURA ELECTRONICS CO.,LTD., First Half Ordinary Profit Decreases by 3%

Mon Nov 11, 2024 4:00 pm JST Earnings

6957 SHIBAURA ELECTRONICS CO.,LTD. 【J-GAAP】

Earnings Report

SHIBAURA ELECTRONICS CO.,LTD. <6957> [TSE-S] announced its financial results after the market closed on November 11th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was 2.65 billion yen, a 2.7% decrease compared to the same period last year. The progress rate against the 4.8 billion yen full-year plan was 55.3%, also surpassing the five-year average of 45.1%.

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 16.7% from the same period last year to 2.14 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 1.19 billion yen, a 13.1% decrease compared to the same period last year. However, the operating profit margin rose from 15.5% in the same period last year to 16.1%.

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 16,370 2,606 2,787 1,829 119.0 49.6 Nov 14, 2022 J-GAAP
Apr - Sep, 2023 16,183 2,575 2,726 1,869 122.8 51.4 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 16,775 2,747 2,653 1,759 116.2 55.3 Nov 11, 2024 J-GAAP
YoY +3.7% +6.7% -2.7% -5.9% -5.4%

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 16,000 2,400 2,400 1,680 111.4 0 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 16,775 2,747 2,653 1,759 116.2 0 Nov 11, 2024 J-GAAP
Revision Rate +4.8% +14.5% +10.5% +4.7% +4.3%

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 16,218 2,529 2,577 1,953 128.1 150 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 15,225 2,053 2,147 1,601 106.2 150 Nov 11, 2024 J-GAAP
YoY -6.1% -18.8% -16.7% -18.0% -17.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 33,193 5,460 5,617 3,830 250.3 100 May 11, 2023 J-GAAP
Mar, 2024 32,401 5,104 5,303 3,822 250.7 150 May 10, 2024 J-GAAP
Mar, 2025 Guidance 32,000 4,800 4,800 3,360 222.9 150 May 10, 2024 J-GAAP
YoY -1.2% -6.0% -9.5% -12.1% -11.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 8,292 1,285 1,373 997 65.5 15.5 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 8,292 1,404 1,392 1,019 66.9 16.9 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 7,926 1,125 1,185 934 61.3 14.2 May 10, 2024 J-GAAP
Apr - Jun, 2024 8,247 1,376 1,460 945 62.3 16.7 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 8,528 1,371 1,193 814 53.8 16.1 Nov 11, 2024 J-GAAP
YoY +2.8% +6.7% -13.1% -18.4% -17.9%

Related Articles