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JVC KENWOOD, Oct-Dec (3Q) Net Income Decreases by 29%

Mon Feb 3, 2025 3:45 pm JST Earnings

6632 JVCKENWOOD Corporation 【IFRS】

Earnings Report

JVC KENWOOD Corporation <6632> [TSE Prime] announced its financial results (based on IFRS) after the market closed on February 3rd (15:45). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 28.8% from the same period last year, reaching 14 billion yen. The progress rate toward the full-year plan of 17 billion yen was 82.8%, also surpassing the five-year average of 78.3%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the January to March period (4Q) is expected to expand 39.9% from the same period last year, reaching 2.93 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated net income decreased to 2.97 billion yen, a 28.6% decrease compared to the same period last year. The operating profit margin worsened from 5.6% in the same period last year to 3.4%.

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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 247,497 19,506 19,343 15,513 94.9 91.4 Feb 1, 2023 IFRS
Apr - Dec, 2023 267,258 14,982 14,932 10,922 70.2 81.8 Feb 1, 2024 IFRS
Apr - Dec, 2024 270,474 16,783 18,276 14,070 93.4 79.5 Feb 3, 2025 IFRS
YoY +1.2% +12.0% +22.4% +28.8% +33.0%

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 184,755 8,419 8,505 6,266 40.6 12 Apr 26, 2024 IFRS
Oct - Mar, 2024 Guidance 187,426 8,444 8,527 5,907 39.9 8 Oct 31, 2024 IFRS
YoY +1.4% +0.3% +0.3% -5.7% -1.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 336,910 21,634 21,161 16,229 99.3 12 Apr 27, 2023 IFRS
Mar, 2024 359,459 18,226 18,245 13,016 84.3 12 Apr 26, 2024 IFRS
Mar, 2025 Guidance 364,000 22,000 23,000 17,000 114.9 13 Oct 31, 2024 IFRS
YoY +1.3% +20.7% +26.1% +30.6% +36.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 92,554 5,175 5,192 4,172 26.8 5.6 Feb 1, 2024 IFRS
Jan - Mar, 2024 92,201 3,244 3,313 2,094 13.6 3.5 Apr 26, 2024 IFRS
Apr - Jun, 2024 87,769 6,022 6,950 5,503 36.5 6.9 Aug 1, 2024 IFRS
Jul - Sep, 2024 88,805 7,534 7,523 5,590 37.1 8.5 Oct 31, 2024 IFRS
Oct - Dec, 2024 93,900 3,227 3,803 2,977 19.8 3.4 Feb 3, 2025 IFRS
YoY +1.5% -37.6% -26.8% -28.6% -26.3%

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