TERASAKI ELECTRIC CO.,LTD., The Current Fiscal Year Ordinary Profit Revised Upward by 35%

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Wed Nov 13, 2024 3:45 pm JST Earnings

6637 TERASAKI ELECTRIC CO.,LTD. 【J-GAAP】

Earnings Report

TERASAKI ELECTRIC CO.,LTD. <6637> [TSE-S] announced its financial results after the market closed on November 13th (15:45). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 19.3% from the same period last year, reaching 2.24 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward by 35.3%, from the previous forecast of 3.26 billion yen to 4.41 billion yen (compared to 5.77 billion yen in the previous period), and the declining rate is expected to decrease from 43.5% to 23.6%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to drop by 44.3% from the same period last year to 2.16 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 810 million yen, a 11.5% decrease compared to the same period last year. However, the operating profit margin improved from 6.1% in the same period last year to 7.1%.

Kabutan News

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	19,700	550	1,128	622	47.8	32.4	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	23,285	1,340	1,878	1,535	117.9	32.5	Nov 13, 2023	J-GAAP
Apr - Sep, 2024	26,918	2,245	2,241	1,578	121.1	50.8	Nov 13, 2024	J-GAAP
YoY	+15.6%	+67.5%	+19.3%	+2.8%	+2.8%

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	26,450	1,870	2,110	1,440	110.5	10	Aug 9, 2024	J-GAAP
Apr - Sep, 2024 Results	26,918	2,245	2,241	1,578	121.1	10	Nov 13, 2024	J-GAAP
Revision Rate	+1.8%	+20.1%	+6.2%	+9.6%	+9.6%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	52,510	3,110	3,260	2,300	176.5	26	May 15, 2024	J-GAAP
Mar, 2025 New	55,520	3,990	4,410	3,070	235.6	26	Nov 13, 2024	J-GAAP
Revision Rate	+5.7%	+28.3%	+35.3%	+33.5%	+33.5%

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	28,780	3,581	3,895	2,479	190.3	26	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	28,602	1,745	2,169	1,492	114.5	16	Nov 13, 2024	J-GAAP
YoY	-0.6%	-51.3%	-44.3%	-39.8%	-39.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	44,253	2,868	3,479	2,345	180.0	20	May 15, 2023	J-GAAP
Mar, 2024	52,065	4,921	5,773	4,014	308.2	36	May 15, 2024	J-GAAP
Mar, 2025 Guidance	55,520	3,990	4,410	3,070	235.6	26	Nov 13, 2024	J-GAAP
YoY	+6.6%	-18.9%	-23.6%	-23.5%	-23.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	12,169	739	915	852	65.4	6.1	Nov 13, 2023	J-GAAP
Oct - Dec, 2023	14,899	1,941	2,021	1,518	116.5	13.0	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	13,881	1,640	1,874	961	73.8	11.8	May 15, 2024	J-GAAP
Apr - Jun, 2024	13,022	1,255	1,431	960	73.7	9.6	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	13,896	990	810	618	47.4	7.1	Nov 13, 2024	J-GAAP
YoY	+14.2%	+34.0%	-11.5%	-27.5%	-27.5%