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SEIRYO ELECTRIC, Apr-Dec (Cumulative 3Q) Ordinary Profit Loss Widens, Oct-Dec Ordinary Profit Decreases by 69%

Fri Feb 7, 2025 3:30 pm JST Earnings

4341 SEIRYO ELECTRIC CORPORATION 【J-GAAP】

Earnings Report

SEIRYO ELECTRIC CORPORATION <4341> [TSE Std] announced its financial results after the market closed on February 7th (15:30). The consolidated ordinary loss for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded to a loss of 228 million yen (compared to a loss of 24 million yen in the same period last year).

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 for the January to March period (4Q) is expected to expand 88.5% from the same period last year, reaching 428 million yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit significantly dropped to 47 million yen, a 69.5% decrease compared to the same period last year. The operating profit margin worsened from 3.2% in the same period last year to 1.0%.

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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 10,931 -397 -393 -255 -73.2 ー Feb 3, 2023 J-GAAP
Apr - Dec, 2023 11,681 -39 -24 -64 -18.5 ー Feb 2, 2024 J-GAAP
Apr - Dec, 2024 12,316 -231 -228 -339 -97.1 ー Feb 7, 2025 J-GAAP
YoY +5.4% -492.3% -850.0% -429.7% -425.5%

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 11,204 376 381 466 133.7 40 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 11,262 476 475 471 134.7 － Nov 1, 2024 J-GAAP
YoY +0.5% +26.6% +24.7% +1.1% +0.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 17,024 10 14 -326 -93.4 10 May 12, 2023 J-GAAP
Mar, 2024 18,489 195 203 284 81.5 40 May 14, 2024 J-GAAP
Mar, 2025 Guidance 19,000 200 200 110 31.5 － May 14, 2024 J-GAAP
YoY +2.8% +2.6% -1.5% -61.3% -61.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 4,396 142 154 118 34.1 3.2 Feb 2, 2024 J-GAAP
Jan - Mar, 2024 6,808 234 227 348 99.8 3.4 May 14, 2024 J-GAAP
Apr - Jun, 2024 3,415 -243 -241 -331 -94.8 -7.1 Aug 2, 2024 J-GAAP
Jul - Sep, 2024 4,323 -33 -34 -30 -8.6 -0.8 Nov 1, 2024 J-GAAP
Oct - Dec, 2024 4,578 45 47 22 6.3 1.0 Feb 7, 2025 J-GAAP
YoY +4.1% -68.3% -69.5% -81.4% -81.5%

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