TOKYO ELECTRON DEVICE, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 18%, Oct-Dec Ordinary Profit Decreases by 48%

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Fri Jan 31, 2025 3:30 pm JST Earnings

2760 TOKYO ELECTRON DEVICE LIMITED 【J-GAAP】

Earnings Report

TOKYO ELECTRON DEVICE LIMITED <2760> [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) decreased 18.3% from the same period last year to 7.93 billion yen. The progress rate toward the full-year plan of 12.7 billion yen was 62.5%, almost the same as the five-year average of 61.7%.

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 grow 13.3% from the same period last year, reaching 4.76 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit dropped to 1.78 billion yen, a 48.4% decrease compared to the same period last year. The operating profit margin worsened from 6.2% in the same period last year to 5.1%.

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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	175,896	10,409	8,493	5,901	198.4	68.1	Jan 30, 2023	J-GAAP
Apr - Dec, 2023	179,748	10,860	9,717	7,070	236.3	69.8	Feb 2, 2024	J-GAAP
Apr - Dec, 2024	162,096	8,858	7,935	5,574	185.3	62.5	Jan 31, 2025	J-GAAP
YoY	-9.8%	-18.4%	-18.3%	-21.2%	-21.6%

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	123,190	8,275	7,669	5,435	181.5	74	Apr 30, 2024	J-GAAP
Oct - Mar, 2024 Guidance	118,288	ー	6,553	4,395	145.8	65	Nov 1, 2024	J-GAAP
YoY	-4.0%	－	-14.6%	-19.1%	-19.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	240,350	14,227	12,478	8,778	294.8	118.33	Apr 27, 2023	J-GAAP
Mar, 2024	242,888	15,428	13,922	9,986	333.5	135	Apr 30, 2024	J-GAAP
Mar, 2025 Guidance	230,000	ー	12,700	8,700	288.6	117	Apr 30, 2024	J-GAAP
YoY	-5.3%	－	-8.8%	-12.9%	-13.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	60,050	3,707	3,464	2,519	84.2	6.2	Feb 2, 2024	J-GAAP
Jan - Mar, 2024	63,140	4,568	4,205	2,916	97.4	7.2	Apr 30, 2024	J-GAAP
Apr - Jun, 2024	56,607	4,252	3,614	2,494	83.1	7.5	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	55,105	2,040	2,533	1,811	60.2	3.7	Nov 1, 2024	J-GAAP
Oct - Dec, 2024	50,384	2,566	1,788	1,269	42.2	5.1	Jan 31, 2025	J-GAAP
YoY	-16.1%	-30.8%	-48.4%	-49.6%	-49.9%