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Panasonic, Apr-Dec (Cumulative 3Q) Net Income Decreases by 28%

Tue Feb 4, 2025 3:30 pm JST Earnings

6752 Panasonic Holdings Corporation 【IFRS】

Earnings Report

Panasonic Holdings Corporation <6752> [TSE Prime] announced its financial results (based on IFRS) after the market closed on February 4th (15:30). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 27.8% from the same period last year to 288 billion yen. However, the progress rate toward the full-year plan of 310 billion yen was 93.0%, also surpassing the five-year average of 77.1%.

Based on the cumulative third-quarter performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income for the January to March period (4Q) is expected to significant drop 51.8% from the same period last year to 21.5 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated net income decreased to 99.4 billion yen, a 10.2% decrease compared to the same period last year. However, the operating profit margin improved from 5.8% in the same period last year to 6.1%.

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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 6,224,521 234,220 255,447 162,870 69.8 80.7 Feb 2, 2023 IFRS
Apr - Dec, 2023 6,300,306 320,257 368,784 399,178 171.0 86.7 Feb 2, 2024 IFRS
Apr - Dec, 2024 6,403,897 348,308 395,661 288,406 123.5 92.0 Feb 4, 2025 IFRS
YoY +1.6% +8.8% +7.3% -27.8% -27.8%

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 4,348,690 163,954 179,041 121,091 51.9 20 Oct 31, 2024 IFRS
Oct - Mar, 2024 New 4,048,690 163,954 179,041 121,091 51.9 20 Feb 4, 2025 IFRS
Revision Rate -6.9% 0.0% 0.0% 0.0% 0.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 8,600,000 380,000 430,000 310,000 132.8 40 Aug 30, 2024 IFRS
Mar, 2025 New 8,300,000 380,000 430,000 310,000 132.8 40 Feb 4, 2025 IFRS
Revision Rate -3.5% 0.0% 0.0% 0.0% 0.0%

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 4,376,996 168,127 200,908 155,615 66.7 17.50 May 9, 2024 IFRS
Oct - Mar, 2024 Guidance 4,048,690 163,954 179,041 121,091 51.9 20 Feb 4, 2025 IFRS
YoY -7.5% -2.5% -10.9% -22.2% -22.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 8,378,942 288,570 316,409 265,502 113.8 30 May 10, 2023 IFRS
Mar, 2024 8,496,420 360,962 425,239 443,994 190.2 35 May 9, 2024 IFRS
Mar, 2025 Guidance 8,300,000 380,000 430,000 310,000 132.8 40 Feb 4, 2025 IFRS
YoY -2.3% +5.3% +1.1% -30.2% -30.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 2,180,882 127,422 144,453 110,799 47.5 5.8 Feb 2, 2024 IFRS
Jan - Mar, 2024 2,196,114 40,705 56,455 44,816 19.2 1.9 May 9, 2024 IFRS
Apr - Jun, 2024 2,121,689 83,761 104,713 70,633 30.3 3.9 Jul 31, 2024 IFRS
Jul - Sep, 2024 2,129,621 132,285 146,246 118,276 50.7 6.2 Oct 31, 2024 IFRS
Oct - Dec, 2024 2,152,587 132,262 144,702 99,497 42.6 6.1 Feb 4, 2025 IFRS
YoY -1.3% +3.8% +0.2% -10.2% -10.2%

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