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IRISO ELECTRONICS, The Current Fiscal Year Ordinary Profit Revised Upward by 9%

Tue Feb 4, 2025 4:00 pm JST Earnings

6908 IRISO ELECTRONICS CO., LTD. 【J-GAAP】

Earnings Report

IRISO ELECTRONICS CO., LTD. <6908> [TSE Prime] announced its financial results after the market closed on February 4th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 20.1% from the same period last year to 4.3 billion yen.

However, the full-year consolidated ordinary profit has been revised upward 9.3%, from the previous forecast of 4.3 billion yen to 4.7 billion yen (compared to 7.18 billion yen in the previous period), and the declining rate is expected to decrease from 40.2% to 34.6%. However, the full-year consolidated net income has decreased 50.9%, from the previous forecast of 2.75 billion yen to 1.35 billion yen (compared to 5.59 billion yen in the previous period), leading to an increase in the profit decline rate from 50.8% to 75.9%.

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 16.1%, from the previous forecast of 2.48 billion yen to 2.88 billion yen (compared to 3.06 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 19.1% to 6.0%.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 97.1% from the same period last year, reaching 2.48 billion yen. The operating profit margin rose from 11.4% in the same period last year to 11.7%.

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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 39,519 5,242 5,864 4,350 185.0 76.5 Feb 3, 2023 J-GAAP
Apr - Dec, 2023 41,140 4,792 5,383 4,294 182.6 74.9 Feb 2, 2024 J-GAAP
Apr - Dec, 2024 42,168 3,881 4,302 2,917 127.6 91.5 Feb 4, 2025 J-GAAP
YoY +2.5% -19.0% -20.1% -32.1% -30.1%

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 26,841 2,181 2,480 1,661 77.0 100 Nov 5, 2024 J-GAAP
Oct - Mar, 2024 New 27,841 2,581 2,880 261 12.1 100 Feb 4, 2025 J-GAAP
Revision Rate +3.7% +18.3% +16.1% -84.3% -84.3%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 54,000 4,300 4,300 2,750 127.6 100 Nov 5, 2024 J-GAAP
Mar, 2025 New 55,000 4,700 4,700 1,350 62.6 100 Feb 4, 2025 J-GAAP
Revision Rate +1.9% +9.3% +9.3% -50.9% -50.9%

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 27,131 2,621 3,065 2,426 103.1 90 May 8, 2024 J-GAAP
Oct - Mar, 2024 Guidance 27,841 2,581 2,880 261 12.1 100 Feb 4, 2025 J-GAAP
YoY +2.6% -1.5% -6.0% -89.2% -88.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 52,903 6,940 7,661 5,541 235.6 80 May 9, 2023 J-GAAP
Mar, 2024 55,271 5,936 7,189 5,593 237.8 90 May 8, 2024 J-GAAP
Mar, 2025 Guidance 55,000 4,700 4,700 1,350 62.6 100 Feb 4, 2025 J-GAAP
YoY -0.5% -20.8% -34.6% -75.9% -73.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 13,000 1,477 1,259 1,127 47.9 11.4 Feb 2, 2024 J-GAAP
Jan - Mar, 2024 14,131 1,144 1,806 1,299 55.2 8.1 May 8, 2024 J-GAAP
Apr - Jun, 2024 12,534 190 866 371 15.8 1.5 Aug 2, 2024 J-GAAP
Jul - Sep, 2024 14,625 1,929 954 718 31.1 13.2 Nov 5, 2024 J-GAAP
Oct - Dec, 2024 15,009 1,762 2,482 1,828 80.0 11.7 Feb 4, 2025 J-GAAP
YoY +15.5% +19.3% +97.1% +62.2% +67.0%

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