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TSUZUKI DENKI, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 37%, Oct-Dec Ordinary Profit Decreases by 37%

Fri Jan 31, 2025 1:30 pm JST Earnings

8157 TSUZUKI DENKI CO., LTD. 【J-GAAP】

Earnings Report

TSUZUKI DENKI CO., LTD. <8157> [TSE Prime] announced its financial results in the afternoon session on January 31st (13:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) dropped 36.9% from the same period last year to 2.52 billion yen. The progress rate toward the full-year plan of 6.25 billion yen was 40.3%, which was higher than the five-year average of 35.7%.

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 expand 49.6% from the same period last year, reaching 3.73 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit dropped to 1.03 billion yen, a 36.7% decrease compared to the same period last year. The operating profit margin worsened from 5.0% in the same period last year to 4.3%.

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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 82,545 1,407 1,642 973 54.7 30.7 Jan 27, 2023 J-GAAP
Apr - Dec, 2023 93,013 3,938 3,992 4,187 233.2 61.5 Jan 31, 2024 J-GAAP
Apr - Dec, 2024 65,298 2,400 2,520 1,736 96.1 40.3 Jan 31, 2025 J-GAAP
YoY -29.8% -39.1% -36.9% -58.5% -58.8%

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 63,969 4,098 4,125 2,571 143.1 52 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 61,158 4,856 4,762 3,064 169.1 46 Oct 31, 2024 J-GAAP
YoY -4.4% +18.5% +15.4% +19.2% +18.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 123,899 5,118 5,355 3,521 197.5 61 May 12, 2023 J-GAAP
Mar, 2024 124,856 6,439 6,486 5,477 304.8 90 May 13, 2024 J-GAAP
Mar, 2025 Guidance 103,000 6,250 6,250 4,100 226.3 91 May 13, 2024 J-GAAP
YoY -17.5% -2.9% -3.6% -25.1% -25.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 32,126 1,597 1,631 1,281 71.3 5.0 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 31,843 2,501 2,494 1,290 71.8 7.9 May 13, 2024 J-GAAP
Apr - Jun, 2024 18,771 1 41 1 0.1 0.0 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 23,071 1,393 1,447 1,035 57.3 6.0 Oct 31, 2024 J-GAAP
Oct - Dec, 2024 23,456 1,006 1,032 700 38.7 4.3 Jan 31, 2025 J-GAAP
YoY -27.0% -37.0% -36.7% -45.4% -45.7%

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