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

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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%