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TEIKOKU ELECTRIC MFG.CO.,LTD., First Half Ordinary Profit Decreases by 8%

Mon Nov 11, 2024 5:00 pm JST Earnings

6333 TEIKOKU ELECTRIC MFG.CO.,LTD. 【J-GAAP】

Earnings Report

TEIKOKU ELECTRIC MFG.CO.,LTD. <6333> [TSE-P] announced its financial results after the market closed on November 11th (17:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 8.1% from the same period last year to 2.75 billion yen. However, The progress rate against the 4.96 billion yen full-year plan was 55.5%, also surpassing the five-year average of 46.6%.

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 9.7% from the same period last year to 2.2 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 1.13 billion yen, a 28.6% decrease compared to the same period last year. The operating profit margin decreased from 19.5% 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 12,909 2,288 2,774 1,894 100.6 50.7 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 14,306 2,599 2,996 2,074 114.4 55.1 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 14,383 2,710 2,752 1,424 80.9 55.5 Nov 11, 2024 J-GAAP
YoY +0.5% +4.3% -8.1% -31.3% -29.3%

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 ー ー ー ー － 41 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 14,383 2,710 2,752 1,424 80.9 41 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 14,911 2,283 2,446 1,051 58.5 46 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 15,197 2,040 2,208 1,446 87.1 41 Nov 11, 2024 J-GAAP
YoY +1.9% -10.6% -9.7% +37.6% +48.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 28,450 5,023 5,472 3,996 215.0 116 May 12, 2023 J-GAAP
Mar, 2024 29,217 4,882 5,442 3,125 173.8 92 May 10, 2024 J-GAAP
Mar, 2025 Guidance 29,580 4,750 4,960 2,870 172.8 82 May 10, 2024 J-GAAP
YoY +1.2% -2.7% -8.9% -8.2% -0.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 7,431 1,448 1,595 1,188 65.5 19.5 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 7,189 1,180 1,155 853 47.1 16.4 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 7,722 1,103 1,291 198 11.0 14.3 May 10, 2024 J-GAAP
Apr - Jun, 2024 6,940 1,290 1,613 819 46.6 18.6 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 7,443 1,420 1,139 605 34.4 19.1 Nov 11, 2024 J-GAAP
YoY +0.2% -1.9% -28.6% -49.1% -47.6%

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