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Kyosan Electric Manufacturing Co.,Ltd., First Half Ordinary Profit Loss Narrows, July-September Ordinary Profit Turns to Profit

Wed Nov 13, 2024 3:30 pm JST Earnings

6742 Kyosan Electric Manufacturing Co.,Ltd. 【J-GAAP】

Earnings Report

Kyosan Electric Manufacturing Co.,Ltd. <6742> [TSE-P] announced its financial results after the market closed on November 13th (15:30). The consolidated ordinary loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was a reduced loss of 1.11 billion yen (compared to a loss of 2.37 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 for the October to March period (second half) is expected to grow by 26.3% from the same period last year, reaching 7.11 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a profit of profit of 20 million yen (compared to a loss of 710 million yen in the same period last year). The operating profit/loss margin drastically improved from -6.2% in the same period last year to 0.3%.

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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 26,919 -2,085 -1,756 -1,497 -23.9 ー Nov 11, 2022 J-GAAP
Apr - Sep, 2023 23,915 -2,920 -2,378 -730 -11.7 ー Nov 10, 2023 J-GAAP
Apr - Sep, 2024 26,186 -1,412 -1,118 -597 -9.5 ー Nov 13, 2024 J-GAAP
YoY +9.5% +51.6% +53.0% +18.2% +18.3%

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 26,500 -1,500 -1,200 -1,100 -17.5 5 Sep 20, 2024 J-GAAP
Apr - Sep, 2024 Results 26,186 -1,412 -1,118 -597 -9.5 5 Nov 13, 2024 J-GAAP
Revision Rate -1.2% +5.9% +6.8% +45.7% +45.7%

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 46,610 5,411 5,637 4,164 66.4 15 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 57,814 7,112 7,118 4,997 79.7 15 Nov 13, 2024 J-GAAP
YoY +24.0% +31.4% +26.3% +20.0% +20.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 72,327 2,207 2,683 2,070 33.0 18 May 12, 2023 J-GAAP
Mar, 2024 70,525 2,491 3,259 3,434 54.8 20 May 13, 2024 J-GAAP
Mar, 2025 Guidance 84,000 5,700 6,000 4,400 70.2 20 May 13, 2024 J-GAAP
YoY +19.1% +128.8% +84.1% +28.1% +28.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 13,205 -819 -710 552 8.8 -6.2 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 14,867 101 227 449 7.2 0.7 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 31,743 5,310 5,410 3,715 59.2 16.7 May 13, 2024 J-GAAP
Apr - Jun, 2024 9,808 -1,467 -1,138 -1,116 -17.8 -15.0 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 16,378 55 20 519 8.3 0.3 Nov 13, 2024 J-GAAP
YoY +24.0% － － -6.0% -6.0%

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