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ENPLAS, The Current Fiscal Year Ordinary Profit Revised Downward by 21%

Fri Jan 31, 2025 3:30 pm JST Earnings

6961 ENPLAS CORPORATION 【J-GAAP】

Earnings Report

ENPLAS CORPORATION <6961> [TSE Prime] announced its financial results after the market closed on January 31st (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 11.3% from the same period last year, reaching 4.31 billion yen.

However, the full-year consolidated ordinary profit has decreased 21.4%, from the previous forecast of 7 billion yen to 5.5 billion yen (compared to 5.26 billion yen in the previous period), leading to a reduction in the profit growth rate from 33.0% to 4.5%.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) has decreased 38.9%, from the previous forecast of 3.85 billion yen to 2.35 billion yen (compared to 2.16 billion yen in the same period of the previous year), leading to a reduction in the profit growth rate from 77.9% to 8.7%.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 50.3% from the same period last year, reaching 1.16 billion yen. However, the operating profit margin decreased from 10.7% in the same period last year to 8.0%.

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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 32,270 7,064 6,950 3,635 412.2 79.1 Jan 31, 2023 J-GAAP
Apr - Dec, 2023 27,954 3,554 3,871 2,284 258.8 73.6 Jan 31, 2024 J-GAAP
Apr - Dec, 2024 28,805 4,084 4,310 2,872 325.2 78.4 Jan 31, 2025 J-GAAP
YoY +3.0% +14.9% +11.3% +25.7% +25.7%

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 21,800 3,246 3,856 2,706 306.3 30 Oct 31, 2024 J-GAAP
Oct - Mar, 2024 New 18,300 1,746 2,356 1,506 170.5 30 Jan 31, 2025 J-GAAP
Revision Rate -16.1% -46.2% -38.9% -44.3% -44.3%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 41,500 6,600 7,000 4,800 543.3 60 Jul 31, 2024 J-GAAP
Mar, 2025 New 38,000 5,100 5,500 3,600 407.5 60 Jan 31, 2025 J-GAAP
Revision Rate -8.4% -22.7% -21.4% -25.0% -25.0%

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 18,605 2,029 2,168 1,645 186.4 30 Apr 30, 2024 J-GAAP
Oct - Mar, 2024 Guidance 18,300 1,746 2,356 1,506 170.5 30 Jan 31, 2025 J-GAAP
YoY -1.6% -13.9% +8.7% -8.4% -8.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 42,240 8,820 8,785 4,621 523.9 60 Apr 28, 2023 J-GAAP
Mar, 2024 37,805 4,645 5,263 3,443 390.1 60 Apr 30, 2024 J-GAAP
Mar, 2025 Guidance 38,000 5,100 5,500 3,600 407.5 60 Jan 31, 2025 J-GAAP
YoY +0.5% +9.8% +4.5% +4.6% +4.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 8,754 938 776 486 55.1 10.7 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 9,851 1,091 1,392 1,159 131.3 11.1 Apr 30, 2024 J-GAAP
Apr - Jun, 2024 10,601 2,153 2,334 1,518 172.0 20.3 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 9,099 1,201 810 576 65.2 13.2 Oct 31, 2024 J-GAAP
Oct - Dec, 2024 9,105 730 1,166 778 88.1 8.0 Jan 31, 2025 J-GAAP
YoY +4.0% -22.2% +50.3% +60.1% +60.0%

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