YUSHIN PRECISION EQUIPMENT CO.,LTD., First Half Ordinary Profit Decreases by 12%

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Thu Nov 14, 2024 3:30 pm JST Earnings

6482 YUSHIN PRECISION EQUIPMENT CO.,LTD. 【J-GAAP】

Earnings Report

YUSHIN PRECISION EQUIPMENT CO.,LTD. <6482> [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) decreased by 12.1% from the same period last year to 738 million yen. The progress rate against the 2.6 billion yen full-year plan was 28.4%, also falling below the five-year average of 42.2%.

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 grow by 6.6% from the same period last year, reaching 1.86 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit amounted to 575 million yen, a 1.5% decrease compared to the same period last year. However, the operating profit margin rose from 10.4% in the same period last year to 12.1%.

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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	10,355	1,078	1,251	884	26.0	44.9	Nov 4, 2022	J-GAAP
Apr - Sep, 2023	9,975	693	840	539	15.9	32.5	Nov 6, 2023	J-GAAP
Apr - Sep, 2024	12,133	911	738	534	15.7	28.4	Nov 14, 2024	J-GAAP
YoY	+21.6%	+31.5%	-12.1%	-0.9%	-1.0%

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	ー	ー	ー	ー	－	10	May 15, 2024	J-GAAP
Apr - Sep, 2024 Results	12,133	911	738	534	15.7	10	Nov 14, 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	13,640	1,744	1,746	1,153	33.9	10	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	13,367	1,689	1,862	1,266	37.2	10	Nov 14, 2024	J-GAAP
YoY	-2.0%	-3.2%	+6.6%	+9.8%	+9.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	22,373	2,639	2,787	1,922	56.5	30	May 10, 2023	J-GAAP
Mar, 2024	23,615	2,437	2,586	1,692	49.7	20	May 15, 2024	J-GAAP
Mar, 2025 Guidance	25,500	2,600	2,600	1,800	52.9	20	May 15, 2024	J-GAAP
YoY	+8.0%	+6.7%	+0.5%	+6.4%	+6.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	5,307	550	584	410	12.1	10.4	Nov 6, 2023	J-GAAP
Oct - Dec, 2023	6,436	616	581	381	11.2	9.6	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	7,204	1,128	1,165	772	22.7	15.7	May 15, 2024	J-GAAP
Apr - Jun, 2024	5,589	122	163	103	3.1	2.2	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	6,544	789	575	431	12.7	12.1	Nov 14, 2024	J-GAAP
YoY	+23.3%	+43.5%	-1.5%	+5.1%	+5.0%