RIVER ELETEC, Apr-Dec (Cumulative 3Q) Ordinary Profit Turns to Loss, Oct-Dec Ordinary Profit Turns to Loss

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Fri Feb 7, 2025 3:40 pm JST Earnings

6666 RIVER ELETEC CORPORATION 【J-GAAP】

Earnings Report

RIVER ELETEC CORPORATION <6666> [TSE Std] announced its financial results after the market closed on February 7th (15:40). The consolidated ordinary profit/loss for the cumulative third quarter of the fiscal year ending March 2025 (April to December) turned into a loss of 82 million yen (compared to a profit of 108 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 loss for the January to March period (4Q) is expected to further decrease loss of 6 million yen (compared to a loss of 52 million yen in the same period last year).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit/loss turned to a loss of 38 million yen (compared to a profit of 70 million yen in the same period last year). The operating profit/loss margin drastically worsened from 5.2% 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	5,796	1,112	1,200	783	90.8	99.8	Feb 10, 2023	J-GAAP
Apr - Dec, 2023	4,249	84	108	-87	-10.4	192.9	Feb 9, 2024	J-GAAP
Apr - Dec, 2024	4,036	-103	-82	-120	-14.6	ー	Feb 7, 2025	J-GAAP
YoY	-5.0%	－	－	-37.9%	-40.2%

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	2,659	0	18	-26	-3.1	5	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	2,958	-32	-44	-44	-5.4	5	Nov 8, 2024	J-GAAP
YoY	+11.2%	－	－	-69.2%	-72.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	6,855	1,125	1,203	893	103.6	13	May 12, 2023	J-GAAP
Mar, 2024	5,454	8	56	-133	-15.9	10	May 10, 2024	J-GAAP
Mar, 2025 Guidance	5,700	-77	-88	-85	-10.3	10	Nov 8, 2024	J-GAAP
YoY	+4.5%	－	－	+36.1%	+35.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	1,454	76	70	20	2.4	5.2	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	1,205	-76	-52	-46	-5.5	-6.3	May 10, 2024	J-GAAP
Apr - Jun, 2024	1,326	25	50	33	4.1	1.9	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	1,416	-70	-94	-74	-9.1	-4.9	Nov 8, 2024	J-GAAP
Oct - Dec, 2024	1,294	-58	-38	-79	-9.6	-4.5	Feb 7, 2025	J-GAAP
YoY	-11.0%	－	－	－	－