Meiko Electronics, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 63%, Oct-Dec Ordinary Profit Increases by 2.6 times

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Thu Feb 6, 2025 3:30 pm JST Earnings

6787 Meiko Electronics Co., Ltd. 【J-GAAP】

Earnings Report

Meiko Electronics Co., Ltd. <6787> [TSE Prime] announced its financial results after the market closed on February 6th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 15.9 billion yen, an increase 63.1% compared to the same period last year. The progress rate toward the full-year plan of 17.5 billion yen was 91.2%, also surpassing the five-year average of 71.1%.

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 65.5% from the same period last year to 1.54 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit surged 2.6 times that of the same period last year, reaching 7.94 billion yen. The operating profit margin improved from 8.8% in the same period last year to 10.0%.

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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	125,256	7,978	9,387	7,121	275.1	83.7	Feb 6, 2023	J-GAAP
Apr - Dec, 2023	133,534	8,338	9,779	7,680	290.3	68.5	Feb 6, 2024	J-GAAP
Apr - Dec, 2024	151,757	14,648	15,953	12,560	480.4	91.2	Feb 6, 2025	J-GAAP
YoY	+13.6%	+75.7%	+63.1%	+63.5%	+65.5%

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	93,242	7,463	7,507	6,087	230.7	41	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	98,843	9,713	9,495	8,667	330.7	40	Nov 6, 2024	J-GAAP
YoY	+6.0%	+30.1%	+26.5%	+42.4%	+43.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	167,276	9,575	11,212	8,847	338.9	55	May 10, 2023	J-GAAP
Mar, 2024	179,458	11,660	14,267	11,310	428.7	68	May 10, 2024	J-GAAP
Mar, 2025 Guidance	197,000	19,000	17,500	15,000	572.3	80	Nov 6, 2024	J-GAAP
YoY	+9.8%	+63.0%	+22.7%	+32.6%	+33.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	47,318	4,141	3,019	2,457	92.9	8.8	Feb 6, 2024	J-GAAP
Jan - Mar, 2024	45,924	3,322	4,488	3,630	137.6	7.2	May 10, 2024	J-GAAP
Apr - Jun, 2024	47,013	3,265	4,394	3,053	116.0	6.9	Aug 6, 2024	J-GAAP
Jul - Sep, 2024	51,144	6,022	3,611	3,280	124.7	11.8	Nov 6, 2024	J-GAAP
Oct - Dec, 2024	53,600	5,361	7,948	6,227	238.2	10.0	Feb 6, 2025	J-GAAP
YoY	+13.3%	+29.5%	+163.3%	+153.4%	+156.5%