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

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%

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