SHIBAURA ELECTRONICS, The Current Fiscal Year Ordinary Profit Revised Upward to an Unexpected 2% Increase

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Mon Feb 10, 2025 11:00 am JST Earnings

6957 SHIBAURA ELECTRONICS CO.,LTD. 【J-GAAP】

Earnings Report

SHIBAURA ELECTRONICS CO.,LTD. <6957> [TSE Std] announced its financial results in the morning on February 10th (11:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) was 4.15 billion yen, a 0.8% increase compared to the same period last year.

In addition, the full-year consolidated ordinary profit has been revised upward 12.5%, from the previous forecast of 4.8 billion yen to 5.4 billion yen (compared to 5.3 billion yen in the previous period), turning to a 1.8% increase in the consolidated ordinary profit outlook.

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 27.9%, from the previous forecast of 2.14 billion yen to 2.74 billion yen (compared to 2.57 billion yen in the same period of the previous year), turning to a 6.6% increase in the consolidated ordinary profit outlook.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 7.8% from the same period last year, reaching 1.5 billion yen. However, the operating profit margin decreased from 16.9% in the same period last year to 15.7%.

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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	24,869	4,125	4,333	2,923	190.6	77.1	Feb 13, 2023	J-GAAP
Apr - Dec, 2023	24,475	3,979	4,118	2,888	189.6	77.7	Feb 13, 2024	J-GAAP
Apr - Dec, 2024	25,430	4,103	4,153	2,833	187.3	76.9	Feb 10, 2025	J-GAAP
YoY	+3.9%	+3.1%	+0.8%	-1.9%	-1.2%

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	15,225	2,053	2,147	1,601	106.2	150	Nov 11, 2024	J-GAAP
Oct - Mar, 2024 New	17,025	2,653	2,747	1,971	130.7	150	Feb 10, 2025	J-GAAP
Revision Rate	+11.8%	+29.2%	+27.9%	+23.1%	+23.1%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	32,000	4,800	4,800	3,360	222.9	150	May 10, 2024	J-GAAP
Mar, 2025 New	33,800	5,400	5,400	3,730	247.4	150	Feb 10, 2025	J-GAAP
Revision Rate	+5.6%	+12.5%	+12.5%	+11.0%	+11.0%

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	16,218	2,529	2,577	1,953	128.1	150	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	17,025	2,653	2,747	1,971	130.7	150	Feb 10, 2025	J-GAAP
YoY	+5.0%	+4.9%	+6.6%	+0.9%	+2.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	33,193	5,460	5,617	3,830	250.3	100	May 11, 2023	J-GAAP
Mar, 2024	32,401	5,104	5,303	3,822	250.7	150	May 10, 2024	J-GAAP
Mar, 2025 Guidance	33,800	5,400	5,400	3,730	247.4	150	Feb 10, 2025	J-GAAP
YoY	+4.3%	+5.8%	+1.8%	-2.4%	-1.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	8,292	1,404	1,392	1,019	66.9	16.9	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	7,926	1,125	1,185	934	61.3	14.2	May 10, 2024	J-GAAP
Apr - Jun, 2024	8,247	1,376	1,460	945	62.3	16.7	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	8,528	1,371	1,193	814	53.8	16.1	Nov 11, 2024	J-GAAP
Oct - Dec, 2024	8,655	1,356	1,500	1,074	71.0	15.7	Feb 10, 2025	J-GAAP
YoY	+4.4%	-3.4%	+7.8%	+5.4%	+6.2%