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KYORITSU ELECTRIC, First Half Ordinary Profit Increases by 50%, Oct-Dec Ordinary Profit Increases by 54%

Fri Feb 7, 2025 3:30 pm JST Earnings

6874 KYORITSU ELECTRIC CORPORATION 【J-GAAP】

Earnings Report

KYORITSU ELECTRIC CORPORATION <6874> [TSE Std] announced its financial results after the market closed on February 7th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending June 2025 (July to December) expanded 1.64 billion yen, an increase 49.6% compared to the same period last year. The progress rate toward the full-year plan of 2.75 billion yen was 59.8%, also surpassing the five-year average of 41.6%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to June period (2H) is expected to decrease 28.0% from the same period last year to 1.1 billion yen.

In the most recent three-month period, from October to December (2Q), the consolidated ordinary profit increased 53.5% from the same period last year, reaching 1.09 billion yen. The operating profit margin significantly improved from 7.3% in the same period last year to 10.3%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jul - Dec, 2022 15,600 932 971 607 75.5 41.0 Feb 7, 2023 J-GAAP
Jul - Dec, 2023 16,532 1,010 1,099 646 80.3 41.7 Feb 6, 2024 J-GAAP
Jul - Dec, 2024 18,425 1,595 1,644 1,000 124.3 59.8 Feb 7, 2025 J-GAAP
YoY +11.5% +57.9% +49.6% +54.8% +54.7%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 Guidance ー ー ー ー － 0 Aug 8, 2024 J-GAAP
Jul - Dec, 2024 Results 18,425 1,595 1,644 1,000 124.3 0 Feb 7, 2025 J-GAAP
Revision Rate － － － － －

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2024 17,829 1,441 1,536 1,122 139.4 45 Aug 8, 2024 J-GAAP
Jan - Jun, 2025 Guidance 17,575 1,005 1,106 850 105.6 60 Feb 7, 2025 J-GAAP
YoY -1.4% -30.3% -28.0% -24.2% -24.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun, 2023 33,616 2,273 2,371 1,530 190.1 35 Aug 9, 2023 J-GAAP
Jun, 2024 34,361 2,451 2,635 1,768 219.7 45 Aug 8, 2024 J-GAAP
Jun, 2025 Guidance 36,000 2,600 2,750 1,850 229.9 60 Aug 8, 2024 J-GAAP
YoY +4.8% +6.1% +4.4% +4.6% +4.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 8,833 645 710 471 58.6 7.3 Feb 6, 2024 J-GAAP
Jan - Mar, 2024 9,472 1,005 1,045 726 90.3 10.6 May 8, 2024 J-GAAP
Apr - Jun, 2024 8,357 436 491 396 49.2 5.2 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 8,360 557 554 277 34.4 6.7 Nov 6, 2024 J-GAAP
Oct - Dec, 2024 10,065 1,038 1,090 723 89.9 10.3 Feb 7, 2025 J-GAAP
YoY +13.9% +60.9% +53.5% +53.5% +53.4%

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