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Yodogawa Steel Works, The Current Fiscal Year Ordinary Profit Revised Upward by 7%, Highest in Twenty Terms, Dividend Revised Upward by 24 yen

Fri Feb 7, 2025 4:00 pm JST Earnings

5451 Yodogawa Steel Works,Ltd. 【J-GAAP】

Earnings Report

Yodogawa Steel Works,Ltd. <5451> [TSE Prime] announced its financial results after the market closed on February 7th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 17.3 billion yen, an increase 45.1% compared to the same period last year.

In addition, the full-year consolidated ordinary profit has been revised upward 7.3%, from the previous forecast of 19.2 billion yen to 20.6 billion yen (compared to 15.2 billion yen in the previous period), increasing the growth rate from 26.3% to 35.5%, reaches new record high for the first time in twenty terms.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) is expected to increase 14.0%, from the previous forecast of 10 billion yen to 11.4 billion yen (compared to 7.53 billion yen in the same period of the previous year), increasing the growth rate from 33.2% to 51.8%.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 309 yen to 333 yen (compared to 200 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 91.0% from the same period last year, reaching 8.16 billion yen. However, the operating profit margin remained almost flat, changing from 6.6% in the same period last year to 6.4%.

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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 171,562 10,771 14,565 8,477 58.8 82.4 Feb 6, 2023 J-GAAP
Apr - Dec, 2023 153,465 8,939 11,948 7,751 53.7 78.6 Feb 6, 2024 J-GAAP
Apr - Dec, 2024 156,742 11,114 17,338 11,303 78.2 84.2 Feb 7, 2025 J-GAAP
YoY +2.1% +24.3% +45.1% +45.8% +45.7%

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 101,676 4,288 10,029 6,109 42.3 41.80 Nov 6, 2024 J-GAAP
Oct - Mar, 2024 New 103,676 5,288 11,429 7,009 48.5 46.60 Feb 7, 2025 J-GAAP
Revision Rate +2.0% +23.3% +14.0% +14.7% +14.7%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 207,000 12,100 19,200 11,900 82.3 61.80 Aug 9, 2024 J-GAAP
Mar, 2025 New 209,000 13,100 20,600 12,800 88.5 66.60 Feb 7, 2025 J-GAAP
Revision Rate +1.0% +8.3% +7.3% +7.6% +7.6%

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 102,671 6,545 7,530 -729 -5.1 29 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 103,676 5,288 11,429 7,009 48.5 46.60 Feb 7, 2025 J-GAAP
YoY +1.0% -19.2% +51.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 220,314 12,665 17,686 10,593 73.4 22.20 May 10, 2023 J-GAAP
Mar, 2024 203,957 12,017 15,202 4,456 30.9 40 May 10, 2024 J-GAAP
Mar, 2025 Guidance 209,000 13,100 20,600 12,800 88.5 66.60 Feb 7, 2025 J-GAAP
YoY +2.5% +9.0% +35.5% +187.3% +186.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 52,179 3,467 4,276 2,566 17.8 6.6 Feb 6, 2024 J-GAAP
Jan - Mar, 2024 50,492 3,078 3,254 -3,295 -22.8 6.1 May 10, 2024 J-GAAP
Apr - Jun, 2024 52,595 4,061 5,120 3,210 22.2 7.7 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 52,729 3,751 4,051 2,581 17.9 7.1 Nov 6, 2024 J-GAAP
Oct - Dec, 2024 51,418 3,302 8,167 5,512 38.1 6.4 Feb 7, 2025 J-GAAP
YoY -1.5% -4.8% +91.0% +114.8% +114.6%

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