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MATSUO ELECTRIC CO.,LTD., First Half Ordinary Profit Decreases by 13%, July-September Ordinary Profit Decreases by 15%

Tue Nov 12, 2024 3:00 pm JST Earnings

6969 MATSUO ELECTRIC CO.,LTD. 【J-GAAP】

Earnings Report

MATSUO ELECTRIC CO.,LTD. <6969> [TSE-S] announced its financial results in the afternoon session on November 12th (15:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 13.1% from the same period last year to 152 million yen. The progress rate against the 430 million yen full-year plan was 35.3%, also falling below the five-year average of 47.0%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to surge by 6.2 times that of the same period last year, reaching 278 million yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit decreased to 73 million yen, a 15.1% decrease compared to the same period last year. The operating profit margin worsened from 8.8% in the same period last year to 7.3%.

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 2,289 276 262 218 68.1 49.6 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 2,142 199 175 93 29.0 79.5 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 2,146 167 152 79 24.7 35.3 Nov 12, 2024 J-GAAP
YoY +0.2% -16.1% -13.1% -15.1% -14.9%

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 2,146 167 152 79 24.6 － Nov 5, 2024 J-GAAP
Apr - Sep, 2024 Results 2,146 167 152 79 24.7 － Nov 12, 2024 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% +0.2%

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 2,067 55 45 -65 -20.9 0 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 2,554 293 278 251 78.3 0 Nov 5, 2024 J-GAAP
YoY +23.6% +432.7% +517.8% － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 4,649 546 528 306 95.6 0 May 15, 2023 J-GAAP
Mar, 2024 4,209 254 220 28 9.0 0 May 15, 2024 J-GAAP
Mar, 2025 Guidance 4,700 460 430 330 102.9 0 Nov 5, 2024 J-GAAP
YoY +11.7% +81.1% +95.5% +1,078.6% +1,045.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,054 93 86 -74 -23.1 8.8 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 1,026 39 37 28 8.8 3.8 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 1,041 16 8 -93 -29.8 1.5 May 15, 2024 J-GAAP
Apr - Jun, 2024 1,040 86 79 60 18.9 8.3 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 1,106 81 73 19 5.9 7.3 Nov 12, 2024 J-GAAP
YoY +4.9% -12.9% -15.1% － －

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