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

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% － － － －

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