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

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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	678.5	73.6	Jan 31, 2023	IFRS
Apr - Dec, 2023	86,556	9,674	10,663	7,814	645.4	80.0	Jan 31, 2024	IFRS
Apr - Dec, 2024	71,714	4,904	5,492	4,001	335.6	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	387.6	75	Apr 25, 2024	IFRS
Oct - Mar, 2024 Guidance	49,574	3,554	3,725	3,100	259.8	75	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	942.9	135	Apr 27, 2023	IFRS
Mar, 2024	112,904	11,811	13,323	10,477	867.5	145	Apr 25, 2024	IFRS
Mar, 2025 Guidance	96,100	6,600	6,300	4,700	393.9	150	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	166.7	10.6	Jan 31, 2024	IFRS
Jan - Mar, 2024	26,348	2,137	2,660	2,663	220.5	8.1	Apr 25, 2024	IFRS
Apr - Jun, 2024	23,158	1,453	2,125	1,360	114.2	6.3	Jul 31, 2024	IFRS
Jul - Sep, 2024	23,368	1,593	450	240	20.1	6.8	Oct 31, 2024	IFRS
Oct - Dec, 2024	25,188	1,858	2,917	2,401	201.4	7.4	Jan 30, 2025	IFRS
YoY	-2.8%	-32.5%	+22.5%	+19.0%	+20.8%