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Taihei Machinery Works, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 28%, Exceeds Full-Year Plan

Fri Feb 7, 2025 2:10 pm JST Earnings

6342 Taihei Machinery Works,Limited 【J-GAAP】

Earnings Report

Taihei Machinery Works,Limited <6342> [TSE Std] announced its financial results in the afternoon session on February 7th (14:10). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 27.9% from the same period last year, reaching 1.16 billion yen. The progress rate toward the full-year plan of 0.8 billion yen is 145.0%, already exceeding the target and also exceeding the five-year average of 72.8%.

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/loss for the January to March period (4Q) is expected to turn into a loss of 0.36 billion yen (compared to a profit of 0.52 billion yen in the same period last year).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit significantly dropped to 0.04 billion yen, a 82.6% decrease compared to the same period last year. The operating profit margin sharply declined from 11.7% in the same period last year to 0.9%.

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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 4,670 486 509 349 250.0 66.3 Feb 14, 2023 J-GAAP
Apr - Dec, 2023 6,216 893 909 612 438.6 63.5 Feb 9, 2024 J-GAAP
Apr - Dec, 2024 6,444 1,104 1,163 791 558.8 145.0 Feb 7, 2025 J-GAAP
YoY +3.7% +23.6% +27.9% +29.2% +27.4%

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 4,573 767 758 613 439.0 80 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 2,714 -263 -320 -203 -157.0 60 Nov 12, 2024 J-GAAP
YoY -40.7% － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 6,437 742 768 683 490.1 80 May 12, 2023 J-GAAP
Mar, 2024 8,843 1,432 1,432 1,065 762.7 130 May 10, 2024 J-GAAP
Mar, 2025 Guidance 7,266 824 802 561 434.0 105 Nov 1, 2024 J-GAAP
YoY -17.8% -42.5% -44.0% -47.3% -43.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 1,946 228 235 160 114.7 11.7 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 2,627 539 523 453 324.4 20.5 May 10, 2024 J-GAAP
Apr - Jun, 2024 2,426 702 689 473 334.5 28.9 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 2,126 385 433 291 205.1 18.1 Nov 12, 2024 J-GAAP
Oct - Dec, 2024 1,892 17 41 27 19.1 0.9 Feb 7, 2025 J-GAAP
YoY -2.8% -92.5% -82.6% -83.1% -83.4%

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