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MORIO DENKI, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 25%, Oct-Dec Ordinary Profit Turns to Profit

Thu Feb 6, 2025 2:00 pm JST Earnings

6647 MORIO DENKI CO.,LTD. 【J-GAAP】

Earnings Report

MORIO DENKI CO.,LTD. <6647> [TSE Std] announced its financial results in the afternoon session on February 6th (14:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 24.7% from the same period last year, reaching 247 million yen. The progress rate toward the full-year plan of 380 million yen was 65.0%, exceeding the five-year average of 49.3%.

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 decrease 7.6% from the same period last year to 133 million yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit/loss turned to a profit of 136 million yen (compared to a loss of 11 million yen in the same period last year). The operating profit/loss margin drastically improved from -1.0% in the same period last year to 5.8%.

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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 5,597 105 118 68 50.0 41.5 Feb 7, 2023 J-GAAP
Apr - Dec, 2023 5,403 193 198 126 92.2 57.9 Feb 6, 2024 J-GAAP
Apr - Dec, 2024 6,262 240 247 160 117.1 65.0 Feb 6, 2025 J-GAAP
YoY +15.9% +24.4% +24.7% +27.0% +27.0%

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 3,677 133 133 74 54.0 50 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 4,456 268 269 145 107.9 50 Nov 8, 2024 J-GAAP
YoY +21.2% +101.5% +102.3% +95.9% +99.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 7,899 274 284 148 108.3 30 May 15, 2023 J-GAAP
Mar, 2024 7,448 342 342 211 154.0 50 May 15, 2024 J-GAAP
Mar, 2025 Guidance 8,500 380 380 220 163.6 50 May 15, 2024 J-GAAP
YoY +14.1% +11.1% +11.1% +4.3% +6.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 1,632 -16 -11 -11 -8.1 -1.0 Feb 6, 2024 J-GAAP
Jan - Mar, 2024 2,045 149 144 85 62.1 7.3 May 15, 2024 J-GAAP
Apr - Jun, 2024 1,933 28 35 27 20.1 1.4 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 2,111 84 76 48 35.3 4.0 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 2,218 128 136 85 62.2 5.8 Feb 6, 2025 J-GAAP
YoY +35.9%

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