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MEIJI ELECTRIC INDUSTRIES, Oct-Dec (3Q) Ordinary Profit Increases by 22%

Fri Jan 31, 2025 3:30 pm JST Earnings

3388 MEIJI ELECTRIC INDUSTRIES CO., LTD. 【J-GAAP】

Earnings Report

MEIJI ELECTRIC INDUSTRIES CO., LTD. <3388> [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 13.4% from the same period last year to 1.8 billion yen. The progress rate toward the full-year plan of 3.22 billion yen was 55.9%, almost the same as the five-year average of 57.6%.

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 13.2% from the same period last year, reaching 1.41 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 21.9% from the same period last year, reaching 0.87 billion yen. The operating profit margin remained almost flat, changing from 3.8% in the same period last year to 3.9%.

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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 47,794 1,177 1,395 1,015 80.2 45.7 Jan 31, 2023 J-GAAP
Apr - Dec, 2023 52,375 1,793 2,079 1,482 117.1 62.4 Jan 31, 2024 J-GAAP
Apr - Dec, 2024 53,056 1,559 1,801 1,273 100.0 55.9 Jan 31, 2025 J-GAAP
YoY +1.3% -13.1% -13.4% -14.1% -14.5%

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 40,611 1,814 1,970 1,462 115.4 38 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 43,327 2,182 2,293 1,603 125.9 30 Oct 31, 2024 J-GAAP
YoY +6.7% +20.3% +16.4% +9.6% +9.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 70,947 2,724 3,050 2,191 173.2 52 May 15, 2023 J-GAAP
Mar, 2024 74,580 2,914 3,332 2,426 191.5 58 May 14, 2024 J-GAAP
Mar, 2025 Guidance 77,500 3,010 3,220 2,240 175.9 60 Oct 31, 2024 J-GAAP
YoY +3.9% +3.3% -3.4% -7.7% -8.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 18,406 693 717 518 40.9 3.8 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 22,205 1,121 1,253 944 74.5 5.0 May 14, 2024 J-GAAP
Apr - Jun, 2024 15,148 45 189 133 10.5 0.3 Jul 30, 2024 J-GAAP
Jul - Sep, 2024 19,025 783 738 504 39.6 4.1 Oct 31, 2024 J-GAAP
Oct - Dec, 2024 18,883 731 874 636 50.0 3.9 Jan 31, 2025 J-GAAP
YoY +2.6% +5.5% +21.9% +22.8% +22.1%

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