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Power Solutions, Ltd., July-September (3Q) Ordinary Profit Decreases by 31%, Current Fiscal Year Dividend Revised Upward by 11 yen

Thu Nov 14, 2024 3:30 pm JST Earnings

4450 Power Solutions, Ltd. 【J-GAAP】

Earnings Report

Power Solutions, Ltd. <4450> [TSE-G] announced its financial results after the market closed on November 14th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) dropped by 33.9% from the same period last year to 329 million yen. The progress rate against the 600 million yen full-year plan was 54.8%, also falling below the five-year average of 69.6%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to surge by 2.1 times that of the same period last year, reaching 271 million yen.

At the same time, the company has significantly increased its planned annual dividend for the current fiscal year from the original plan of 22 yen to 33 yen (compared to no dividend in the previous period).

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit dropped to 92 million yen, a 31.3% decrease compared to the same period last year. The operating profit margin worsened from 9.3% in the same period last year to 6.6%.

Kabutan News

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 3,920 368 365 229 82.8 77.8 Nov 11, 2022 J-GAAP
Jan - Sep, 2023 4,349 344 498 319 112.6 79.4 Nov 14, 2023 J-GAAP
Jan - Sep, 2024 4,885 353 329 204 70.8 54.8 Nov 14, 2024 J-GAAP
YoY +12.3% +2.6% -33.9% -36.1% -37.2%

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 3,632 337 363 248 84.9 0 Aug 14, 2024 J-GAAP
Jul - Dec, 2024 New 3,632 337 363 248 84.9 11 Nov 14, 2024 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% 0.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2024 Prev 6,800 577 600 397 135.9 11 Aug 14, 2024 J-GAAP
Dec, 2024 New 6,800 577 600 397 135.9 22 Nov 14, 2024 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% 0.0%

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 3,093 271 263 213 75.0 0 Feb 14, 2024 J-GAAP
Jul - Dec, 2024 Guidance 3,632 337 363 248 84.9 11 Nov 14, 2024 J-GAAP
YoY +17.4% +24.4% +38.0% +16.4% +13.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 5,313 471 469 318 114.2 0 Feb 14, 2023 J-GAAP
Dec, 2023 5,931 474 627 446 157.0 0 Feb 14, 2024 J-GAAP
Dec, 2024 Guidance 6,800 577 600 397 135.9 22 Nov 14, 2024 J-GAAP
YoY +14.7% +21.7% -4.3% -11.0% -13.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,511 141 134 86 30.4 9.3 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 1,582 130 129 127 44.7 8.2 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 1,600 158 152 99 34.8 9.9 May 14, 2024 J-GAAP
Apr - Jun, 2024 1,568 82 85 50 17.5 5.2 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 1,717 113 92 55 19.1 6.6 Nov 14, 2024 J-GAAP
YoY +13.6% -19.9% -31.3% -36.0% -37.2%

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