EXEDY, The Current Fiscal Year Net Income Revised Upward by 15%, Dividend Revised Upward by 50 yen

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Thu Jan 30, 2025 4:00 pm JST Earnings

7278 EXEDY Corporation 【IFRS】

Earnings Report

EXEDY Corporation <7278> [TSE Prime] announced its financial results (based on IFRS) after the market closed on January 30th (16:00). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 24.0% from the same period last year, reaching 10.1 billion yen.

In addition, the full-year consolidated net income has been revised upward 15.0%, from the previous forecast of 10 billion yen to 11.5 billion yen (compared to a loss of 10 billion yen in the previous period).

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated net income for the October to March period (2H) is expected to increase 40.6%, from the previous forecast of 3.69 billion yen to 5.19 billion yen (compared to a loss of 15.3 billion yen in the same period of the previous year).

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 200 yen to 250 yen (compared to 120 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated net income increased 36.4% from the same period last year, reaching 3.87 billion yen. However, the operating profit margin remained almost flat, changing from 6.3% in the same period last year to 6.1%.

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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	213,335	8,684	10,205	6,884	146.6	102.9	Jan 30, 2023	IFRS
Apr - Dec, 2023	231,881	11,527	12,627	8,206	174.7	ー	Jan 31, 2024	IFRS
Apr - Dec, 2024	233,383	16,183	16,525	10,175	235.3	87.0	Jan 30, 2025	IFRS
YoY	+0.6%	+40.4%	+30.9%	+24.0%	+34.7%

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	146,201	4,663	5,215	3,696	97.4	100	Oct 29, 2024	IFRS
Oct - Mar, 2024 New	146,201	7,663	9,215	5,196	137.0	150	Jan 30, 2025	IFRS
Revision Rate	0.0%	+64.3%	+76.7%	+40.6%	+40.6%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	300,000	16,000	15,000	10,000	263.6	200	Oct 29, 2024	IFRS
Mar, 2025 New	300,000	19,000	19,000	11,500	303.1	250	Jan 30, 2025	IFRS
Revision Rate	0.0%	+18.8%	+26.7%	+15.0%	+15.0%

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	157,143	-21,869	-21,350	-15,392	-327.8	60	Apr 25, 2024	IFRS
Oct - Mar, 2024 Guidance	146,201	7,663	9,215	5,196	137.0	150	Jan 30, 2025	IFRS
YoY	-7.0%	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	285,639	8,760	9,916	4,591	97.8	90	Apr 28, 2023	IFRS
Mar, 2024	308,338	-15,438	-13,274	-10,023	-213.4	120	Apr 25, 2024	IFRS
Mar, 2025 Guidance	300,000	19,000	19,000	11,500	303.1	250	Jan 30, 2025	IFRS
YoY	-2.7%	－	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	80,686	5,096	4,551	2,837	60.4	6.3	Jan 31, 2024	IFRS
Jan - Mar, 2024	76,457	-26,965	-25,901	-18,229	-388.2	-35.3	Apr 25, 2024	IFRS
Apr - Jun, 2024	75,447	4,083	5,453	3,529	76.6	5.4	Jul 30, 2024	IFRS
Jul - Sep, 2024	78,352	7,254	4,332	2,775	62.5	9.3	Oct 29, 2024	IFRS
Oct - Dec, 2024	79,584	4,846	6,740	3,871	89.5	6.1	Jan 30, 2025	IFRS
YoY	-1.4%	-4.9%	+48.1%	+36.4%	+48.2%