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Sharp, The Current Fiscal Year Ordinary Profit Revised Downward by 90%

Fri Feb 7, 2025 3:30 pm JST Earnings

6753 Sharp Corporation 【J-GAAP】

Earnings Report

Sharp Corporation <6753> [TSE Prime] announced its financial results after the market closed on February 7th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) significantly dropped 87.4% from the same period last year to 0.83 billion yen.

In addition, the full-year consolidated ordinary profit has decreased 90.0%, from the previous forecast of 10 billion yen to 1 billion yen (compared to a loss of 7.08 billion yen in the previous period).

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit/loss for the October to March period (2H) has been revised downward from an expected profit of 8.53 billion yen to a loss of 0.46 billion yen (compared to a loss of 10.1 billion yen in the same period of the previous year), turning to a loss outlook.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit/loss turned to a loss of 0.63 billion yen (compared to a profit of 3.55 billion yen in the same period last year). However, the operating profit margin significantly improved from 0.4% in the same period last year to 3.5%.

Kabutan News

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 1,967,087 -2,524 -1,830 -8,994 -14.1 Feb 7, 2023 J-GAAP
Apr - Dec, 2023 1,764,718 -3,591 6,580 2,021 3.1 Feb 6, 2024 J-GAAP
Apr - Dec, 2024 1,657,960 20,397 831 -3,591 -5.5 83.1 Feb 7, 2025 J-GAAP
YoY -6.0% -87.4%

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 1,003,586 9,521 8,534 -17,960 -27.7 Nov 12, 2024 J-GAAP
Oct - Mar, 2024 New 1,033,586 19,521 -466 Feb 7, 2025 J-GAAP
Revision Rate +3.0% +105.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 2,100,000 10,000 10,000 5,000 7.7 May 14, 2024 J-GAAP
Mar, 2025 New 2,130,000 20,000 1,000 Feb 7, 2025 J-GAAP
Revision Rate +1.4% +100.0% -90.0%

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 1,163,642 -14,482 -10,111 -154,943 -238.6 0 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 1,033,586 19,521 -466 Feb 7, 2025 J-GAAP
YoY -11.2% +95.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 2,548,117 -25,719 -30,487 -260,840 -407.3 0 May 11, 2023 J-GAAP
Mar, 2024 2,321,921 -20,343 -7,084 -149,980 -231.0 0 May 14, 2024 J-GAAP
Mar, 2025 Guidance 2,130,000 20,000 1,000 Feb 7, 2025 J-GAAP
YoY -8.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 606,439 2,270 3,553 -2,942 -4.5 0.4 Feb 6, 2024 J-GAAP
Jan - Mar, 2024 557,203 -16,752 -13,664 -152,001 -234.1 -3.0 May 14, 2024 J-GAAP
Apr - Jun, 2024 531,964 -5,810 -10,178 -1,285 -2.0 -1.1 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 564,450 6,289 11,644 24,245 37.3 1.1 Nov 12, 2024 J-GAAP
Oct - Dec, 2024 561,546 19,918 -635 -26,551 -40.9 3.5 Feb 7, 2025 J-GAAP
YoY -7.4% +777.4% -802.5% -802.6%

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