IDEC, Oct-Dec (3Q) Ordinary Profit Increases by 70%

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Tue Feb 4, 2025 3:30 pm JST Earnings

6652 IDEC CORPORATION 【J-GAAP】

Earnings Report

IDEC CORPORATION <6652> [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) significantly dropped 53.2% from the same period last year to 2.36 billion yen. The progress rate toward the full-year plan of 3.12 billion yen was 75.9%, almost the same as the five-year average of 74.2%.

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 significant drop 59.5% from the same period last year to 0.75 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 69.9% from the same period last year, reaching 0.9 billion yen. The operating profit margin improved from 3.7% in the same period last year to 4.6%.

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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	64,107	11,431	11,664	7,999	275.0	81.0	Feb 3, 2023	J-GAAP
Apr - Dec, 2023	54,341	4,650	5,062	3,437	117.2	73.2	Feb 2, 2024	J-GAAP
Apr - Dec, 2024	49,470	2,301	2,367	1,616	54.8	75.9	Feb 4, 2025	J-GAAP
YoY	-9.0%	-50.5%	-53.2%	-53.0%	-53.2%

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	34,911	2,230	2,390	1,233	42.0	65	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	33,812	1,660	1,657	139	4.7	65	Nov 1, 2024	J-GAAP
YoY	-3.1%	-25.6%	-30.7%	-88.7%	-88.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	83,869	14,060	14,403	10,144	348.4	130	May 12, 2023	J-GAAP
Mar, 2024	72,711	6,276	6,920	4,407	150.1	130	May 10, 2024	J-GAAP
Mar, 2025 Guidance	66,900	3,210	3,120	1,420	48.2	130	Nov 1, 2024	J-GAAP
YoY	-8.0%	-48.9%	-54.9%	-67.8%	-67.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	16,541	604	532	263	9.0	3.7	Feb 2, 2024	J-GAAP
Jan - Mar, 2024	18,370	1,626	1,858	970	33.0	8.9	May 10, 2024	J-GAAP
Apr - Jun, 2024	15,962	272	494	300	10.2	1.7	Aug 2, 2024	J-GAAP
Jul - Sep, 2024	17,126	1,278	969	981	33.3	7.5	Nov 1, 2024	J-GAAP
Oct - Dec, 2024	16,382	751	904	335	11.4	4.6	Feb 4, 2025	J-GAAP
YoY	-1.0%	+24.3%	+69.9%	+27.4%	+26.8%