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HIROSE ELECTRIC, The Current Fiscal Year Net Income Revised Upward by 7%

Mon Feb 3, 2025 4:00 pm JST Earnings

6806 HIROSE ELECTRIC CO.,LTD. 【IFRS】

Earnings Report

HIROSE ELECTRIC CO.,LTD. <6806> [TSE Prime] announced its financial results (based on IFRS) after the market closed on February 3rd (16:00). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 27.5 billion yen, an increase 33.2% compared to the same period last year.

In addition, the full-year consolidated net income has been revised upward 6.7%, from the previous forecast of 30 billion yen to 32 billion yen (compared to 26.4 billion yen in the previous period), increasing the growth rate from 13.3% to 20.8%.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated net income for the October to March period (2H) is expected to increase 16.0%, from the previous forecast of 12.4 billion yen to 14.4 billion yen (compared to 13.8 billion yen in the same period of the previous year), turning to a 4.2% increase in the consolidated net income outlook.

In the most recent three-month period, from October to December (3Q), the consolidated net income grew 23.8% from the same period last year, reaching 10 billion yen. The operating profit margin rose from 23.8% in the same period last year to 24.0%.

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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 142,165 39,667 40,984 29,230 844.1 84.3 Feb 1, 2023 IFRS
Apr - Dec, 2023 125,162 27,231 30,634 20,714 602.0 79.0 Feb 1, 2024 IFRS
Apr - Dec, 2024 144,422 34,215 37,468 27,583 815.3 83.3 Feb 3, 2025 IFRS
YoY +15.4% +25.6% +22.3% +33.2% +35.4%

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 87,481 15,784 17,154 12,469 368.5 245 Nov 1, 2024 IFRS
Oct - Mar, 2024 New 95,481 19,784 21,154 14,469 427.6 245 Feb 3, 2025 IFRS
Revision Rate +9.1% +25.3% +23.3% +16.0% +16.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 182,000 38,000 41,000 30,000 886.6 490 Nov 1, 2024 IFRS
Mar, 2025 New 190,000 42,000 45,000 32,000 945.8 490 Feb 3, 2025 IFRS
Revision Rate +4.4% +10.5% +9.8% +6.7% +6.7%

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 82,599 16,826 19,081 13,883 405.0 220 May 7, 2024 IFRS
Oct - Mar, 2024 Guidance 95,481 19,784 21,154 14,469 427.6 245 Feb 3, 2025 IFRS
YoY +15.6% +17.6% +10.9% +4.2% +5.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 183,224 46,751 48,591 34,648 1,002.0 500 May 8, 2023 IFRS
Mar, 2024 165,509 34,017 38,761 26,480 772.4 440 May 7, 2024 IFRS
Mar, 2025 Guidance 190,000 42,000 45,000 32,000 945.8 490 Feb 3, 2025 IFRS
YoY +14.8% +23.5% +16.1% +20.8% +22.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 42,252 10,040 10,954 8,117 235.9 23.8 Feb 1, 2024 IFRS
Jan - Mar, 2024 40,347 6,786 8,127 5,766 168.2 16.8 May 7, 2024 IFRS
Apr - Jun, 2024 44,871 10,261 11,842 8,404 248.4 22.9 Aug 1, 2024 IFRS
Jul - Sep, 2024 49,648 11,955 12,004 9,127 269.8 24.1 Nov 1, 2024 IFRS
Oct - Dec, 2024 49,903 11,999 13,622 10,052 297.1 24.0 Feb 3, 2025 IFRS
YoY +18.1% +19.5% +24.4% +23.8% +25.9%

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