AICHI ELECTRIC, The Current Fiscal Year Ordinary Profit Revised Upward by 17%, Dividend Revised Upward by 20 yen

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Thu Jan 30, 2025 3:10 pm JST Earnings

6623 AICHI ELECTRIC CO.,LTD. 【J-GAAP】

Earnings Report

AICHI ELECTRIC CO.,LTD. <6623> [NSE Prem] announced its financial results in the afternoon session on January 30th (15:10). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 12.1% from the same period last year, reaching 7.23 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward 17.1%, from the previous forecast of 7 billion yen to 8.2 billion yen (compared to 8.31 billion yen in the previous period), and the declining rate is expected to decrease from 15.8% to 1.3%.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) has been revised upward 49.1%, from the previous forecast of 2.44 billion yen to 3.64 billion yen (compared to 3.96 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 38.3% to 8.1%.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 160 yen to 180 yen (compared to 160 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 27.2% from the same period last year, reaching 2.67 billion yen. The operating profit margin improved from 7.6% in the same period last year to 9.0%.

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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	85,858	6,738	8,108	5,361	565.0	92.2	Jan 31, 2023	J-GAAP
Apr - Dec, 2023	82,713	5,445	6,451	4,495	473.7	77.6	Jan 31, 2024	J-GAAP
Apr - Dec, 2024	87,557	6,752	7,232	4,998	531.5	88.2	Jan 30, 2025	J-GAAP
YoY	+5.9%	+24.0%	+12.1%	+11.2%	+12.2%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2024 Prev	59,070	2,926	2,445	1,595	169.8	80	Oct 31, 2024	J-GAAP
Oct - Mar, 2024 New	60,070	3,426	3,645	2,395	254.9	100	Jan 30, 2025	J-GAAP
Revision Rate	+1.7%	+17.1%	+49.1%	+50.2%	+50.2%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	117,000	7,000	7,000	4,800	511.0	160	Oct 31, 2024	J-GAAP
Mar, 2025 New	118,000	7,500	8,200	5,600	596.1	180	Jan 30, 2025	J-GAAP
Revision Rate	+0.9%	+7.1%	+17.1%	+16.7%	+16.7%

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	56,807	3,801	3,965	2,922	307.9	80	Apr 30, 2024	J-GAAP
Oct - Mar, 2024 Guidance	60,070	3,426	3,645	2,395	254.9	100	Jan 30, 2025	J-GAAP
YoY	+5.7%	-9.9%	-8.1%	-18.0%	-17.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	114,286	7,504	8,793	5,954	627.4	160	Apr 28, 2023	J-GAAP
Mar, 2024	110,595	7,059	8,312	5,937	625.6	160	Apr 30, 2024	J-GAAP
Mar, 2025 Guidance	118,000	7,500	8,200	5,600	596.1	180	Jan 30, 2025	J-GAAP
YoY	+6.7%	+6.2%	-1.3%	-5.7%	-4.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	28,925	2,187	2,104	1,480	156.0	7.6	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	27,882	1,614	1,861	1,442	151.9	5.8	Apr 30, 2024	J-GAAP
Apr - Jun, 2024	26,077	1,913	2,424	1,657	175.8	7.3	Jul 30, 2024	J-GAAP
Jul - Sep, 2024	31,853	2,161	2,131	1,548	164.5	6.8	Oct 31, 2024	J-GAAP
Oct - Dec, 2024	29,627	2,678	2,677	1,793	190.7	9.0	Jan 30, 2025	J-GAAP
YoY	+2.4%	+22.5%	+27.2%	+21.1%	+22.2%