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

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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%