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SANYO DENKI, Oct-Dec (3Q) Net Income Increases by 19%

Thu Jan 30, 2025 11:00 am JST Earnings

6516 SANYO DENKI CO.,LTD. 【IFRS】

Earnings Report

SANYO DENKI CO.,LTD. <6516> [TSE Prime] announced its financial results (based on IFRS) in the morning on January 30th (11:00). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2025 (April to December) dropped 48.8% from the same period last year to 4 billion yen. The progress rate toward the full-year plan of 4.7 billion yen was 85.1%, also surpassing the five-year average of 51.2%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the January to March period (4Q) is expected to significant drop 73.8% from the same period last year to 0.69 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated net income grew 19.0% from the same period last year, reaching 2.4 billion yen. However, the operating profit margin significantly dropped from 10.6% in the same period last year to 7.4%.

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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 89,303 9,716 10,475 8,211 226.2 73.6 Jan 31, 2023 IFRS
Apr - Dec, 2023 86,556 9,674 10,663 7,814 215.1 80.0 Jan 31, 2024 IFRS
Apr - Dec, 2024 71,714 4,904 5,492 4,001 111.9 87.2 Jan 30, 2025 IFRS
YoY -17.1% -49.3% -48.5% -48.8% -48.0%

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 52,250 4,888 5,041 4,681 129.2 25 Apr 25, 2024 IFRS
Oct - Mar, 2024 Guidance 49,574 3,554 3,725 3,100 86.6 25 Oct 30, 2024 IFRS
YoY -5.1% -27.3% -26.1% -33.8% -33.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 120,803 13,421 14,226 11,410 314.3 45 Apr 27, 2023 IFRS
Mar, 2024 112,904 11,811 13,323 10,477 289.2 48.33 Apr 25, 2024 IFRS
Mar, 2025 Guidance 96,100 6,600 6,300 4,700 131.3 50 Oct 30, 2024 IFRS
YoY -14.9% -44.1% -52.7% -55.1% -54.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 25,902 2,751 2,381 2,018 55.6 10.6 Jan 31, 2024 IFRS
Jan - Mar, 2024 26,348 2,137 2,660 2,663 73.5 8.1 Apr 25, 2024 IFRS
Apr - Jun, 2024 23,158 1,453 2,125 1,360 38.1 6.3 Jul 31, 2024 IFRS
Jul - Sep, 2024 23,368 1,593 450 240 6.7 6.8 Oct 31, 2024 IFRS
Oct - Dec, 2024 25,188 1,858 2,917 2,401 67.1 7.4 Jan 30, 2025 IFRS
YoY -2.8% -32.5% +22.5% +19.0% +20.8%

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