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SEMITEC Corporation, First Half Ordinary Profit Unexpectedly Revised Upward by 1%

Thu Nov 14, 2024 3:30 pm JST Earnings

6626 SEMITEC Corporation 【J-GAAP】

Earnings Report

SEMITEC Corporation <6626> [TSE-S] announced its financial results after the market closed on November 14th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was 2.11 billion yen, a 1.2% increase compared to the same period last year, resulting in an increase in profits compared to the previous forecast of a 10.1% decrease.

The progress rate against the 3.81 billion yen full-year plan was 55.5%, also surpassing the five-year average of 51.4%.

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 decrease by 5.3% from the same period last year to 1.69 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 922 million yen, a 7.1% decrease compared to the same period last year. However, the operating profit margin rose from 16.2% in the same period last year to 16.8%.

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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 11,762 1,825 2,468 1,908 167.9 58.7 Nov 14, 2022 J-GAAP
Apr - Sep, 2023 11,300 1,769 2,091 1,040 91.5 53.9 Nov 14, 2023 J-GAAP
Apr - Sep, 2024 12,787 2,135 2,116 1,608 149.9 55.5 Nov 14, 2024 J-GAAP
YoY +13.2% +20.7% +1.2% +54.6% +63.8%

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 11,760 1,850 1,880 1,290 121.2 0 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 12,787 2,135 2,116 1,608 149.9 0 Nov 14, 2024 J-GAAP
Revision Rate +8.7% +15.4% +12.6% +24.7% +23.6%

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 11,375 1,802 1,788 1,108 99.0 26 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 11,248 1,615 1,694 1,027 96.5 33 Nov 14, 2024 J-GAAP
YoY -1.1% -10.4% -5.3% -7.3% -2.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 23,232 3,678 4,201 3,157 277.7 25 May 12, 2023 J-GAAP
Mar, 2024 22,675 3,571 3,879 2,148 191.9 26 May 14, 2024 J-GAAP
Mar, 2025 Guidance 24,035 3,750 3,810 2,635 247.6 33 May 14, 2024 J-GAAP
YoY +6.0% +5.0% -1.8% +22.7% +29.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 5,812 941 992 744 65.5 16.2 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 5,694 943 833 635 56.3 16.6 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 5,681 859 955 473 42.3 15.1 May 14, 2024 J-GAAP
Apr - Jun, 2024 6,393 1,064 1,194 802 74.0 16.6 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 6,394 1,071 922 806 75.1 16.8 Nov 14, 2024 J-GAAP
YoY +10.0% +13.8% -7.1% +8.3% +14.7%

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