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

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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	93.0	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	-277	-173	-1,030	-102.7	-3.6	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	8,587	-347	-327	-136	-13.7	-4.0	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%