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

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

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%.

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	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	1,913.0	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	-74.5	0	Nov 14, 2024	J-GAAP
YoY	-60.0%	-97.6%	－	+85.7%	+85.7%

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	1,913.0	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%