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Denki Kogyo Company,Limited, First Half Ordinary Profit Loss Narrows, July-September Ordinary Profit Loss Narrows

Mon Nov 11, 2024 5:00 pm JST Earnings

6706 Denki Kogyo Company,Limited 【J-GAAP】

Earnings Report

Denki Kogyo Company,Limited <6706> [TSE-P] announced its financial results after the market closed on November 11th (17:00). The consolidated ordinary loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was a reduced loss of 533 million yen (compared to a loss of 1.03 billion yen in the same period last year).

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the October to March period (second half) is expected to turn into a profit of 1.13 billion yen (compared to a loss of 500 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary loss improved to a deficit of loss of 285 million yen (compared to a loss of 453 million yen in the same period last year). The operating profit/loss margin significantly improved from -6.8% in the same period last year to -2.9%.

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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 13,185 -1,192 -906 -637 -56.7 ー Nov 11, 2022 J-GAAP
Apr - Sep, 2023 12,529 -1,163 -1,037 -811 -79.9 ー Nov 10, 2023 J-GAAP
Apr - Sep, 2024 13,108 -529 -533 -454 -48.0 ー Nov 11, 2024 J-GAAP
YoY +4.6% +54.5% +48.6% +44.0% +39.9%

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 13,800 -350 -300 -300 -32.2 30 Aug 9, 2024 J-GAAP
Apr - Sep, 2024 Results 13,108 -529 -533 -454 -48.0 30 Nov 11, 2024 J-GAAP
Revision Rate -5.0% -51.1% -77.7% -51.3% -49.1%

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 16,335 -624 -500 -1,166 -117.3 30 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 19,892 1,029 1,133 854 92.9 30 Nov 11, 2024 J-GAAP
YoY +21.8% － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 31,817 -1,510 -1,219 -1,181 -107.8 60 May 11, 2023 J-GAAP
Mar, 2024 28,864 -1,787 -1,537 -1,977 -198.9 60 May 10, 2024 J-GAAP
Mar, 2025 Guidance 33,000 500 600 400 43.5 60 May 10, 2024 J-GAAP
YoY +14.3% － － － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 6,956 -470 -453 -341 -33.6 -6.8 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 7,748 -294 -189 -1,026 -102.3 -3.8 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 8,587 -330 -311 -140 -14.1 -3.8 May 10, 2024 J-GAAP
Apr - Jun, 2024 5,956 -319 -248 -218 -22.8 -5.4 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 7,152 -210 -285 -236 -25.0 -2.9 Nov 11, 2024 J-GAAP
YoY +2.8% +55.3% +37.1% +30.8% +25.7%

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