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CHUO MALLEABLE IRON, The Current Fiscal Year Net Income Revised Upward by 14%, Highest in Five Terms

Fri Feb 7, 2025 2:20 pm JST Earnings

5607 CHUO MALLEABLE IRON CO., LTD. 【J-GAAP】

Earnings Report

CHUO MALLEABLE IRON CO., LTD. <5607> [NSE Main] announced its financial results in the afternoon session on February 7th (14:20). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 1.17 billion yen, an increase 37.8% compared to the same period last year.

In addition, the full-year consolidated net income has been revised upward 14.0%, from the previous forecast of 1.14 billion yen to 1.3 billion yen (compared to 0.81 billion yen in the previous period), increasing the growth rate from 40.2% to 59.9%, reaches new record high for the first time in five terms.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated net income for the October to March period (2H) is expected to increase 21.4%, from the previous forecast of 0.74 billion yen to 0.9 billion yen (compared to 0.24 billion yen in the same period of the previous year), increasing the growth rate from 3.1 times to 3.7 times.

In the most recent three-month period, from October to December (3Q), the consolidated net income surged 2.8 times that of the same period last year, reaching 0.78 billion yen. The operating profit margin significantly improved from 1.4% in the same period last year to 4.5%.

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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 24,859 -433 362 184 12.0 45.8 Feb 7, 2023 J-GAAP
Apr - Dec, 2023 25,603 439 1,047 852 55.3 79.0 Feb 8, 2024 J-GAAP
Apr - Dec, 2024 25,976 630 1,463 1,174 75.9 81.7 Feb 7, 2025 J-GAAP
YoY +1.5% +43.5% +39.7% +37.8% +37.4%

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 20,396 664 1,241 749 47.6 6 Nov 7, 2024 J-GAAP
Oct - Mar, 2024 New 18,696 664 1,241 909 57.7 6 Feb 7, 2025 J-GAAP
Revision Rate -8.3% 0.0% 0.0% +21.4% +21.4%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 37,700 900 1,790 1,140 72.4 12 May 10, 2024 J-GAAP
Mar, 2025 New 36,000 900 1,790 1,300 82.6 12 Feb 7, 2025 J-GAAP
Revision Rate -4.5% 0.0% 0.0% +14.0% +14.0%

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 16,208 5 666 243 15.8 6 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 18,696 664 1,241 909 57.7 6 Feb 7, 2025 J-GAAP
YoY +15.4% +13,180.0% +86.3% +274.1% +266.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 33,522 -288 790 670 43.6 12 May 11, 2023 J-GAAP
Mar, 2024 33,198 321 1,326 813 52.7 12 May 10, 2024 J-GAAP
Mar, 2025 Guidance 36,000 900 1,790 1,300 82.6 12 Feb 7, 2025 J-GAAP
YoY +8.4% +180.4% +35.0% +59.9% +56.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 8,613 123 387 282 18.3 1.4 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 7,595 -118 279 -39 -2.5 -1.6 May 10, 2024 J-GAAP
Apr - Jun, 2024 8,477 135 282 212 13.8 1.6 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 8,827 101 267 179 11.6 1.1 Nov 7, 2024 J-GAAP
Oct - Dec, 2024 8,672 394 914 783 50.6 4.5 Feb 7, 2025 J-GAAP
YoY +0.7% +220.3% +136.2% +177.7% +176.9%

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