JAPAN RESISTOR MFG.CO.,LTD., The Current Fiscal Year Ordinary Profit Revised Downward to a Loss

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Thu Nov 14, 2024 2:00 pm JST Earnings

6977 JAPAN RESISTOR MFG.CO.,LTD. 【J-GAAP】

Earnings Report

JAPAN RESISTOR MFG.CO.,LTD. <6977> [TSE-S] announced its financial results in the afternoon session on November 14th (14:00). The consolidated ordinary profit/loss for the cumulative third quarter of the fiscal year ending December 2024 (January to September) turned into a loss of 94 million yen (compared to a profit of 148 million yen in the same period last year).

In addition, the full-year consolidated ordinary profit/loss has been revised downward from an expected profit of 50 million yen to a loss of 30 million yen (compared to a profit of 139 million yen in the previous period), turning to a loss outlook.

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 profit of 66 million yen to a loss of 14 million yen (compared to a profit of 18 million yen in the same period of the previous year), turning to a loss outlook.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit/loss turned to a loss of 78 million yen (compared to a profit of 27 million yen in the same period last year). The operating profit/loss margin drastically worsened from 0.9% in the same period last year to -3.8%.

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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	5,179	211	219	45	37.1	76.3	Nov 14, 2022	J-GAAP
Jan - Sep, 2023	5,331	96	148	87	70.5	106.5	Nov 14, 2023	J-GAAP
Jan - Sep, 2024	4,724	-110	-94	-71	-57.8	ー	Nov 14, 2024	J-GAAP
YoY	-11.4%	－	－	－	－

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	3,636	91	66	30	24.3	15	Aug 13, 2024	J-GAAP
Jul - Dec, 2024 New	3,336	1	-14	-10	-8.1	15	Nov 14, 2024	J-GAAP
Revision Rate	-8.3%	-98.9%	－	－	－

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Prev	6,800	40	50	30	24.3	30	Aug 13, 2024	J-GAAP
Dec, 2024 New	6,500	-50	-30	-10	-8.1	30	Nov 14, 2024	J-GAAP
Revision Rate	-4.4%	－	－	－	－

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	3,579	19	18	15	12.2	15	Feb 14, 2024	J-GAAP
Jul - Dec, 2024 Guidance	3,336	1	-14	-10	-8.1	15	Nov 14, 2024	J-GAAP
YoY	-6.8%	-94.7%	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	7,204	311	287	133	107.7	45	Feb 14, 2023	J-GAAP
Dec, 2023	7,176	100	139	84	68.1	30	Feb 14, 2024	J-GAAP
Dec, 2024 Guidance	6,500	-50	-30	-10	-8.1	30	Nov 14, 2024	J-GAAP
YoY	-9.4%	－	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	1,734	15	27	18	14.6	0.9	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	1,845	4	-9	-3	-2.4	0.2	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	1,558	-5	5	6	5.5	-0.3	May 15, 2024	J-GAAP
Apr - Jun, 2024	1,606	-46	-21	-6	-5.7	-2.9	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	1,560	-59	-78	-71	-57.8	-3.8	Nov 14, 2024	J-GAAP
YoY	-10.0%	－	－	－	－