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Shirai Electronics Industrial Co.,Ltd., First Half Ordinary Profit Increases by 2%

Wed Nov 13, 2024 3:30 pm JST Earnings

6658 Shirai Electronics Industrial Co.,Ltd. 【J-GAAP】

Earnings Report

Shirai Electronics Industrial Co.,Ltd. <6658> [TSE-S] announced its financial results after the market closed on November 13th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was 1.26 billion yen, a 1.5% increase compared to the same period last year. The progress rate against the 2.2 billion yen full-year plan was 57.3%, also surpassing the five-year average of 49.5%.

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 2.2% from the same period last year, reaching 940 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit amounted to 689 million yen, a 2.1% decrease compared to the same period last year. However, the operating profit margin remained almost flat, changing from 8.0% in the same period last year to 8.2%.

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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 16,836 1,441 1,317 1,139 82.2 52.6 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 14,923 1,288 1,241 879 63.3 57.4 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 14,315 1,183 1,260 948 62.9 57.3 Nov 13, 2024 J-GAAP
YoY -4.1% -8.2% +1.5% +7.8% -0.6%

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 0 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 14,315 1,183 1,260 948 62.9 0 Nov 13, 2024 J-GAAP
Revision Rate

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 13,910 1,019 920 608 42.9 26 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 14,685 1,217 940 552 36.6 30 Nov 13, 2024 J-GAAP
YoY +5.6% +19.4% +2.2% -9.2% -14.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 32,864 2,833 2,504 2,063 148.8 22 May 12, 2023 J-GAAP
Mar, 2024 28,833 2,307 2,161 1,487 105.0 26 May 14, 2024 J-GAAP
Mar, 2025 Guidance 29,000 2,400 2,200 1,500 99.3 30 May 14, 2024 J-GAAP
YoY +0.6% +4.0% +1.8% +0.9% -5.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 8,148 648 704 549 39.5 8.0 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 7,605 632 619 474 33.9 8.3 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 6,305 387 301 134 9.5 6.1 May 14, 2024 J-GAAP
Apr - Jun, 2024 6,775 565 571 360 24.0 8.3 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 7,540 618 689 588 39.0 8.2 Nov 13, 2024 J-GAAP
YoY -7.5% -4.6% -2.1% +7.1% -1.3%

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