Yokota Manufacturing, The Current Fiscal Year Ordinary Profit Revised Upward to an Unexpected 6% Increase, Raises Record High Profit, Dividend Revised Upward by 5 yen

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Thu Feb 6, 2025 3:30 pm JST Earnings

6248 Yokota Manufacturing Co., Ltd. 【J-GAAP】

Earnings Report

Yokota Manufacturing Co., Ltd. <6248> [TSE Std] announced its financial results after the market closed on February 6th (15:30). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 236 million yen, an increase 42.2% compared to the same period last year.

In addition, the full-year ordinary profit has been revised upward 17.1%, from the previous forecast of 333 million yen to 390 million yen (compared to 369 million yen in the previous period), record profits reach two consecutive terms, turning to a 5.7% increase in the ordinary profit outlook.

Based on the full-year plan announced by the company after the upward revision, our estimate of the ordinary profit for the October to March period (2H) has been revised upward 28.2%, from the previous forecast of 202 million yen to 259 million yen (compared to 275 million yen in the same period of the previous year), and the declining rate is expected to decrease from 26.5% to 5.8%.

In light of the strong performance, the company has increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 50 yen to 55 yen (compared to 50 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the ordinary profit increased 45.8% from the same period last year, reaching 105 million yen. The operating profit margin rose from 15.5% in the same period last year to 20.0%.

Kabutan News

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	1,145	133	135	92	49.2	53.1	Feb 10, 2023	J-GAAP
Apr - Dec, 2023	1,257	163	166	128	68.5	45.0	Feb 9, 2024	J-GAAP
Apr - Dec, 2024	1,398	230	236	163	88.3	60.5	Feb 6, 2025	J-GAAP
YoY	+11.2%	+41.1%	+42.2%	+27.3%	+28.8%

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	1,207	201	202	142	76.6	50	Nov 7, 2024	J-GAAP
Oct - Mar, 2024 New	1,307	256	259	185	99.7	55	Feb 6, 2025	J-GAAP
Revision Rate	+8.3%	+27.4%	+28.2%	+30.3%	+30.3%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	2,100	330	333	232	125.1	50	May 9, 2024	J-GAAP
Mar, 2025 New	2,200	385	390	275	148.2	55	Feb 6, 2025	J-GAAP
Revision Rate	+4.8%	+16.7%	+17.1%	+18.5%	+18.5%

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	1,251	272	275	194	104.2	50	May 9, 2024	J-GAAP
Oct - Mar, 2024 Guidance	1,307	256	259	185	99.7	55	Feb 6, 2025	J-GAAP
YoY	+4.5%	-5.9%	-5.8%	-4.6%	-4.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	1,777	252	254	168	89.9	50	May 10, 2023	J-GAAP
Mar, 2024	2,049	364	369	272	146.0	50	May 9, 2024	J-GAAP
Mar, 2025 Guidance	2,200	385	390	275	148.2	55	Feb 6, 2025	J-GAAP
YoY	+7.4%	+5.8%	+5.7%	+1.1%	+1.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	459	71	72	50	26.8	15.5	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	792	201	203	144	77.3	25.4	May 9, 2024	J-GAAP
Apr - Jun, 2024	348	38	40	27	14.9	10.9	Aug 7, 2024	J-GAAP
Jul - Sep, 2024	545	91	91	63	34.2	16.7	Nov 7, 2024	J-GAAP
Oct - Dec, 2024	505	101	105	73	39.6	20.0	Feb 6, 2025	J-GAAP
YoY	+10.0%	+42.3%	+45.8%	+46.0%	+47.7%