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Sanken Electric Co.,Ltd., The Current Fiscal Year's Undisclosed Ordinary Profit Turns to Loss

Thu Nov 14, 2024 3:30 pm JST Earnings

6707 Sanken Electric Co.,Ltd. 【J-GAAP】

Earnings Report

Sanken Electric Co.,Ltd. <6707> [TSE-P] announced its financial results after the market closed on November 14th (15:30). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a loss of 14.2 billion yen (compared to a profit of 16.7 billion yen in the same period last year).

In addition, the full-year forecast, which was not disclosed, indicated that consolidated ordinary profit/loss will turn into a deficit of loss of 15.8 billion yen (compared to a profit of 18.2 billion yen in the previous period).

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the October to March period (second half) is expected to turn into a loss of 1.55 billion yen (compared to a profit of 1.5 billion yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a loss of 8.58 billion yen (compared to a profit of 8.8 billion yen in the same period last year). The operating profit/loss margin drastically worsened from 14.0% in the same period last year to -4.4%.

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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 105,965 8,196 8,400 2,954 122.4 30.8 Nov 4, 2022 J-GAAP
Apr - Sep, 2023 121,550 17,158 16,745 4,448 184.3 91.8 Nov 7, 2023 J-GAAP
Apr - Sep, 2024 72,792 -5,658 -14,243 48,000 1,987.7 ー Nov 14, 2024 J-GAAP
YoY -40.1% － － +979.1% +978.7%

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 － 0 Jul 24, 2024 J-GAAP
Apr - Sep, 2024 Results 72,792 -5,658 -14,243 48,000 1,987.7 0 Nov 14, 2024 J-GAAP
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev ー ー ー ー － 0 Jul 24, 2024 J-GAAP
Mar, 2025 New 118,300 -5,600 -15,800 46,200 1,968.9 0 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 113,671 2,381 1,501 -12,560 -520.2 0 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 45,508 58 -1,557 -1,800 -76.7 0 Nov 14, 2024 J-GAAP
YoY -60.0% -97.6% － +85.7% +85.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 225,387 26,156 27,229 9,533 394.9 30 May 11, 2023 J-GAAP
Mar, 2024 235,221 19,539 18,246 -8,112 -336.0 15 May 10, 2024 J-GAAP
Mar, 2025 Guidance 118,300 -5,600 -15,800 46,200 1,968.9 0 Nov 14, 2024 J-GAAP
YoY -49.7% － － － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 61,644 8,631 8,806 2,219 91.9 14.0 Nov 7, 2023 J-GAAP
Oct - Dec, 2023 58,278 4,627 3,979 34 1.4 7.9 Feb 6, 2024 J-GAAP
Jan - Mar, 2024 55,393 -2,246 -2,478 -12,594 -521.6 -4.1 May 10, 2024 J-GAAP
Apr - Jun, 2024 49,828 -4,640 -5,658 -2,690 -111.4 -9.3 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 22,964 -1,018 -8,585 50,690 2,099.1 -4.4 Nov 14, 2024 J-GAAP
YoY -62.7% － － +2,184.4% +2,183.4%

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