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

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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%