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YOKOGAWA ELECTRIC, The Current Fiscal Year Ordinary Profit Revised Upward by 8%

Tue Feb 4, 2025 3:30 pm JST Earnings

6841 YOKOGAWA ELECTRIC CORPORATION 【J-GAAP】

Earnings Report

YOKOGAWA ELECTRIC CORPORATION <6841> [TSE Prime] announced its financial results after the market closed on February 4th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) was 60.8 billion yen, a 0.3% decrease compared to the same period last year.

However, the full-year consolidated ordinary profit has been revised upward 8.0%, from the previous forecast of 75 billion yen to 81 billion yen (compared to 84 billion yen in the previous period), and the declining rate is expected to decrease from 10.8% to 3.7%.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) has been revised upward 15.3%, from the previous forecast of 39.1 billion yen to 45.1 billion yen (compared to 47 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 16.8% to 4.1%.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 4.1% from the same period last year, reaching 24.9 billion yen. However, the operating profit margin decreased from 17.8% in the same period last year to 15.5%.

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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 317,483 24,744 26,799 16,855 63.1 55.1 Feb 7, 2023 J-GAAP
Apr - Dec, 2023 393,089 58,380 61,015 52,113 197.8 72.6 Feb 6, 2024 J-GAAP
Apr - Dec, 2024 408,887 58,416 60,821 38,700 148.7 75.1 Feb 4, 2025 J-GAAP
YoY +4.0% +0.1% -0.3% -25.7% -24.8%

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 296,420 38,686 39,103 24,427 93.9 29 Nov 5, 2024 J-GAAP
Oct - Mar, 2024 New 296,420 42,686 45,103 26,427 101.6 29 Feb 4, 2025 J-GAAP
Revision Rate 0.0% +10.3% +15.3% +8.2% +8.2%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 563,000 75,000 75,000 49,000 188.3 58 May 7, 2024 J-GAAP
Mar, 2025 New 563,000 79,000 81,000 51,000 196.0 58 Feb 4, 2025 J-GAAP
Revision Rate 0.0% +5.3% +8.0% +4.1% +4.1%

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 285,654 45,093 47,022 26,632 101.4 23 May 7, 2024 J-GAAP
Oct - Mar, 2024 Guidance 296,420 42,686 45,103 26,427 101.6 29 Feb 4, 2025 J-GAAP
YoY +3.8% -5.3% -4.1% -0.8% +0.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 456,479 44,409 48,608 38,920 145.8 34 May 9, 2023 J-GAAP
Mar, 2024 540,152 78,800 84,098 61,685 234.8 40 May 7, 2024 J-GAAP
Mar, 2025 Guidance 563,000 79,000 81,000 51,000 196.0 58 Feb 4, 2025 J-GAAP
YoY +4.2% +0.3% -3.7% -17.3% -16.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 138,591 24,673 23,939 17,060 64.8 17.8 Feb 6, 2024 J-GAAP
Jan - Mar, 2024 147,063 20,420 23,083 9,572 36.4 13.9 May 7, 2024 J-GAAP
Apr - Jun, 2024 128,924 14,826 17,131 10,054 38.7 11.5 Aug 6, 2024 J-GAAP
Jul - Sep, 2024 137,656 21,488 18,766 14,519 55.8 15.6 Nov 5, 2024 J-GAAP
Oct - Dec, 2024 142,307 22,102 24,924 14,127 54.3 15.5 Feb 4, 2025 J-GAAP
YoY +2.7% -10.4% +4.1% -17.2% -16.2%

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