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Osaki Electric, The Current Fiscal Year Ordinary Profit Revised Upward by 11%

Thu Feb 6, 2025 3:35 pm JST Earnings

6644 Osaki Electric Co.,Ltd. 【J-GAAP】

Earnings Report

Osaki Electric Co.,Ltd. <6644> [TSE Prime] announced its financial results after the market closed on February 6th (15:35). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 7.5% from the same period last year to 4.03 billion yen.

However, the full-year consolidated ordinary profit has been revised upward 10.9%, from the previous forecast of 4.6 billion yen to 5.1 billion yen (compared to 5.48 billion yen in the previous period), and the declining rate is expected to decrease from 16.2% to 7.1%.

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) is expected to increase 16.5%, from the previous forecast of 3.03 billion yen to 3.53 billion yen (compared to 3.07 billion yen in the same period of the previous year), turning to a 14.9% increase in the consolidated ordinary profit outlook.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 26.6% from the same period last year, reaching 2.46 billion yen. The operating profit margin improved from 8.4% in the same period last year to 9.0%.

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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 60,642 1,063 460 543 11.4 24.4 Feb 7, 2023 J-GAAP
Apr - Dec, 2023 68,392 4,362 4,360 2,184 46.6 79.4 Feb 6, 2024 J-GAAP
Apr - Dec, 2024 70,238 4,051 4,031 2,327 49.9 79.0 Feb 6, 2025 J-GAAP
YoY +2.7% -7.1% -7.5% +6.5% +6.9%

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 52,549 3,270 3,032 2,129 46.7 10 Nov 5, 2024 J-GAAP
Oct - Mar, 2024 New 52,549 3,670 3,532 2,529 55.5 10 Feb 6, 2025 J-GAAP
Revision Rate 0.0% +12.2% +16.5% +18.8% +18.8%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 97,000 5,000 4,600 2,700 59.3 20 Aug 6, 2024 J-GAAP
Mar, 2025 New 97,000 5,400 5,100 3,100 68.1 20 Feb 6, 2025 J-GAAP
Revision Rate 0.0% +8.0% +10.9% +14.8% +14.8%

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 50,973 3,549 3,073 1,051 22.4 10 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 52,549 3,670 3,532 2,529 55.5 10 Feb 6, 2025 J-GAAP
YoY +3.1% +3.4% +14.9% +140.6% +147.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 89,253 2,226 1,885 1,319 27.9 20 May 11, 2023 J-GAAP
Mar, 2024 95,147 5,874 5,488 2,407 51.4 20 May 9, 2024 J-GAAP
Mar, 2025 Guidance 97,000 5,400 5,100 3,100 68.1 20 Feb 6, 2025 J-GAAP
YoY +1.9% -8.1% -7.1% +28.8% +32.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 24,218 2,037 1,945 828 17.7 8.4 Feb 6, 2024 J-GAAP
Jan - Mar, 2024 26,755 1,512 1,128 223 4.8 5.7 May 9, 2024 J-GAAP
Apr - Jun, 2024 21,300 830 952 345 7.4 3.9 Aug 6, 2024 J-GAAP
Jul - Sep, 2024 23,151 900 616 226 4.8 3.9 Nov 5, 2024 J-GAAP
Oct - Dec, 2024 25,787 2,321 2,463 1,756 37.6 9.0 Feb 6, 2025 J-GAAP
YoY +6.5% +13.9% +26.6% +112.1% +113.0%

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