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JUKI CORPORATION, The Current Fiscal Year Ordinary Profit Loss Widened in Downward Revision

Tue Nov 12, 2024 4:00 pm JST Earnings

6440 JUKI CORPORATION 【J-GAAP】

Earnings Report

JUKI CORPORATION <6440> [TSE-P] announced its financial results after the market closed on November 12th (16:00). The consolidated ordinary loss for the cumulative third quarter of the fiscal year ending December 2024 (January to September) expanded to a loss of 4.44 billion yen (compared to a loss of 3.11 billion yen in the same period last year).

In addition, the full-year consolidated ordinary profit/loss has been revised downward from an expected loss of 3 billion yen to a loss of 4.2 billion yen (compared to a loss of 3.68 billion yen in the previous period), indicating an expansion in the loss margin.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit/loss for the July to December period (second half) has been revised downward from an expected loss of 881 million yen to a loss of 2.08 billion yen (compared to a loss of 2.36 billion yen in the same period of the previous year), indicating an expansion in the loss margin.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary loss expanded to a loss of 2.32 billion yen (compared to a loss of 1.8 billion yen in the same period last year). However, the operating profit/loss margin significantly improved from -5.2% in the same period last year to -2.0%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jan - Sep, 2022 87,087 2,487 2,035 1,011 34.5 175.0 Nov 4, 2022 J-GAAP
Jan - Sep, 2023 67,546 -2,870 -3,117 -4,062 -137.8 ー Nov 6, 2023 J-GAAP
Jan - Sep, 2024 67,435 -1,869 -4,444 -4,550 -153.4 ー Nov 12, 2024 J-GAAP
YoY -0.2% +34.9% -42.6% -12.0% -11.3%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 Prev 55,118 -472 -881 -2,001 -67.3 0 Aug 7, 2024 J-GAAP
Jul - Dec, 2024 New 48,118 -172 -2,081 -2,201 -74.0 0 Nov 12, 2024 J-GAAP
Revision Rate -12.7% +63.6% -136.2% -10.0% -10.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2024 Prev 101,000 -1,900 -3,000 -4,000 -134.5 0 Aug 7, 2024 J-GAAP
Dec, 2024 New 94,000 -1,600 -4,200 -4,200 -141.2 0 Nov 12, 2024 J-GAAP
Revision Rate -6.9% +15.8% -40.0% -5.0% -5.0%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2023 49,980 -1,010 -2,367 -5,494 -186.3 15 Feb 9, 2024 J-GAAP
Jul - Dec, 2024 Guidance 48,118 -172 -2,081 -2,201 -74.0 0 Nov 12, 2024 J-GAAP
YoY -3.7% +83.0% +12.1% +59.9% +60.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 117,454 2,858 1,163 -78 -2.7 20 Feb 9, 2023 J-GAAP
Dec, 2023 94,750 -2,699 -3,684 -7,035 -238.5 15 Feb 9, 2024 J-GAAP
Dec, 2024 Guidance 94,000 -1,600 -4,200 -4,200 -141.2 0 Nov 12, 2024 J-GAAP
YoY -0.8% +40.7% -14.0% +40.3% +40.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 22,776 -1,181 -1,800 -2,521 -85.5 -5.2 Nov 6, 2023 J-GAAP
Oct - Dec, 2023 27,204 171 -567 -2,973 -100.8 0.6 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 23,237 -145 -581 -833 -28.2 -0.6 May 13, 2024 J-GAAP
Apr - Jun, 2024 22,645 -1,283 -1,538 -1,166 -39.4 -5.7 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 21,553 -441 -2,325 -2,551 -86.0 -2.0 Nov 12, 2024 J-GAAP
YoY -5.4% +62.7% -29.2% -1.2% -0.6%

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