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Japan Aviation Electronics, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 11%, Oct-Dec Ordinary Profit Decreases by 22%

Wed Jan 29, 2025 3:30 pm JST Earnings

6807 Japan Aviation Electronics Industry, Limited 【J-GAAP】

Earnings Report

Japan Aviation Electronics Industry, Limited <6807> [TSE Prime] announced its financial results after the market closed on January 29th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 10.6% from the same period last year to 11 billion yen. The progress rate toward the full-year plan of 16 billion yen was 69.2%, also falling below the five-year average of 75.3%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to surge 2.1 times that of the same period last year, reaching 4.93 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 2.95 billion yen, a 21.7% decrease compared to the same period last year. The operating profit margin drastically worsened from 8.1% in the same period last year to 4.2%.

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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
Apr - Dec, 2022 183,762 16,185 17,769 13,424 147.4 93.0 Jan 27, 2023 J-GAAP
Apr - Dec, 2023 171,350 11,499 12,377 10,777 118.2 83.8 Jan 29, 2024 J-GAAP
Apr - Dec, 2024 166,453 11,454 11,070 8,720 129.4 69.2 Jan 29, 2025 J-GAAP
YoY -2.9% -0.4% -10.6% -19.1% +9.5%

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 112,496 7,653 6,155 5,534 62.0 30 Apr 24, 2024 J-GAAP
Oct - Mar, 2024 Guidance 116,549 7,782 7,881 5,869 87.1 30 Oct 23, 2024 J-GAAP
YoY +3.6% +1.7% +28.0% +6.1% +40.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 235,864 17,562 19,115 14,639 160.8 50 Apr 27, 2023 J-GAAP
Mar, 2024 225,781 14,423 14,762 12,245 137.1 55 Apr 24, 2024 J-GAAP
Mar, 2025 Guidance 230,000 17,000 16,000 12,500 185.5 60 Apr 24, 2024 J-GAAP
YoY +1.9% +17.9% +8.4% +2.1% +35.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 58,065 4,729 3,770 4,066 44.6 8.1 Jan 29, 2024 J-GAAP
Jan - Mar, 2024 54,431 2,924 2,385 1,468 16.4 5.4 Apr 24, 2024 J-GAAP
Apr - Jun, 2024 55,560 3,774 3,370 3,136 46.6 6.8 Jul 24, 2024 J-GAAP
Jul - Sep, 2024 57,891 5,444 4,749 3,495 51.9 9.4 Oct 23, 2024 J-GAAP
Oct - Dec, 2024 53,002 2,236 2,951 2,089 31.0 4.2 Jan 29, 2025 J-GAAP
YoY -8.7% -52.7% -21.7% -48.6% -30.5%

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