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NEW COSMOS ELECTRIC CO., LTD, First Half Ordinary Profit Increases by 40%, July-September Ordinary Profit Increases by 30%

Mon Nov 11, 2024 4:00 pm JST Earnings

6824 NEW COSMOS ELECTRIC CO., LTD 【J-GAAP】

Earnings Report

NEW COSMOS ELECTRIC CO., LTD <6824> [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) expanded to 3.39 billion yen, an increase of 40.1% compared to the same period last year. The progress rate against the 4.15 billion yen full-year plan was 81.8%, also surpassing the five-year average of 46.0%.

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 significant drop by 68.3% from the same period last year to 756 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 29.6% from the same period last year, reaching 1.81 billion yen. The operating profit margin jumped from 12.0% in the same period last year to 19.1%.

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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 18,028 2,906 3,596 1,948 157.9 57.4 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 18,206 1,920 2,422 1,215 98.5 50.4 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 20,215 3,370 3,394 2,033 164.6 81.8 Nov 11, 2024 J-GAAP
YoY +11.0% +75.5% +40.1% +67.3% +67.2%

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 － 0 May 15, 2024 J-GAAP
Apr - Sep, 2024 Results 20,215 3,370 3,394 2,033 164.6 0 Nov 11, 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 20,340 2,166 2,387 1,744 141.2 48 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 21,446 730 756 347 28.1 48 Nov 11, 2024 J-GAAP
YoY +5.4% -66.3% -68.3% -80.1% -80.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 37,206 5,693 6,269 3,736 302.8 47 May 15, 2023 J-GAAP
Mar, 2024 38,546 4,086 4,809 2,959 239.6 48 May 15, 2024 J-GAAP
Mar, 2025 Guidance 41,661 4,100 4,150 2,380 192.5 48 May 15, 2024 J-GAAP
YoY +8.1% +0.3% -13.7% -19.6% -19.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 9,948 1,190 1,399 878 71.1 12.0 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 9,797 1,342 1,301 829 67.1 13.7 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 10,543 824 1,086 915 74.1 7.8 May 15, 2024 J-GAAP
Apr - Jun, 2024 9,446 1,317 1,581 800 64.8 13.9 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 10,769 2,053 1,813 1,233 99.8 19.1 Nov 11, 2024 J-GAAP
YoY +8.3% +72.5% +29.6% +40.4% +40.3%

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