kabutan

Seibu Electric & Machinery Co., Ltd., First Half Ordinary Profit Decreases by 39%, July-September Ordinary Profit Decreases by 18%

Thu Nov 14, 2024 3:00 pm JST Earnings

6144 Seibu Electric & Machinery Co., Ltd. 【J-GAAP】

Earnings Report

Seibu Electric & Machinery Co., Ltd. <6144> [TSE-S] announced its financial results in the afternoon session on November 14th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 38.9% from the same period last year to 684 million yen. The progress rate against the 3.07 billion yen full-year plan was 22.3%, also falling below the five-year average of 32.2%.

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 expand by 35.8% from the same period last year, reaching 2.38 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 597 million yen, a 18.1% decrease compared to the same period last year. The operating profit margin worsened from 9.1% in the same period last year to 7.7%.

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 11,565 556 607 420 27.9 24.0 Nov 14, 2022 J-GAAP
Apr - Sep, 2023 14,475 1,093 1,119 756 50.1 38.9 Nov 14, 2023 J-GAAP
Apr - Sep, 2024 14,296 649 684 452 30.0 22.3 Nov 14, 2024 J-GAAP
YoY -1.2% -40.6% -38.9% -40.2% -40.2%

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 14,100 710 770 510 33.8 42 May 15, 2024 J-GAAP
Apr - Sep, 2024 Results 14,296 649 684 452 30.0 42 Nov 14, 2024 J-GAAP
Revision Rate +1.4% -8.6% -11.2% -11.4% -11.3%

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 17,470 1,689 1,757 1,221 80.9 20 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 18,954 2,301 2,386 1,628 107.8 42 Nov 14, 2024 J-GAAP
YoY +8.5% +36.2% +35.8% +33.3% +33.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 28,478 2,411 2,530 1,806 119.7 40 May 15, 2023 J-GAAP
Mar, 2024 31,945 2,782 2,876 1,977 131.0 40 May 15, 2024 J-GAAP
Mar, 2025 Guidance 33,250 2,950 3,070 2,080 137.7 84 May 15, 2024 J-GAAP
YoY +4.1% +6.0% +6.7% +5.2% +5.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 8,270 751 729 499 33.1 9.1 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 8,494 927 978 642 42.6 10.9 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 8,976 762 779 579 38.4 8.5 May 15, 2024 J-GAAP
Apr - Jun, 2024 6,509 46 87 66 4.4 0.7 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 7,787 603 597 386 25.6 7.7 Nov 14, 2024 J-GAAP
YoY -5.8% -19.7% -18.1% -22.6% -22.7%

Related Articles