TSURUMI MANUFACTURING, Oct-Dec (3Q) Ordinary Profit Increases by 2.8 times

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Mon Feb 10, 2025 2:00 pm JST Earnings

6351 TSURUMI MANUFACTURING CO.,LTD. 【J-GAAP】

Earnings Report

TSURUMI MANUFACTURING CO.,LTD. <6351> [TSE Prime] announced its financial results in the afternoon session on February 10th (14:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 6.3% from the same period last year to 7.93 billion yen. However, the progress rate toward the full-year plan of 9.5 billion yen was 83.5%, also surpassing the five-year average of 64.0%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to significant drop 62.5% from the same period last year to 1.56 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit surged 2.8 times that of the same period last year, reaching 4.21 billion yen. However, the operating profit margin decreased from 15.5% in the same period last year to 12.1%.

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	39,427	5,069	6,635	4,421	179.0	73.8	Feb 9, 2023	J-GAAP
Apr - Dec, 2023	43,844	6,293	8,465	5,760	234.7	67.0	Feb 9, 2024	J-GAAP
Apr - Dec, 2024	46,912	6,597	7,935	7,047	287.1	83.5	Feb 10, 2025	J-GAAP
YoY	+7.0%	+4.8%	-6.3%	+22.3%	+22.3%

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	32,910	4,838	5,689	3,466	141.2	28	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	36,101	3,584	5,781	2,365	97.4	30	Jan 24, 2025	J-GAAP
YoY	+9.7%	-25.9%	+1.6%	-31.8%	-31.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	56,219	7,263	8,991	6,262	254.0	44	May 12, 2023	J-GAAP
Mar, 2024	62,629	8,941	12,638	8,288	337.6	50	May 13, 2024	J-GAAP
Mar, 2025 Guidance	65,000	8,000	9,500	6,600	271.7	54	Jan 24, 2025	J-GAAP
YoY	+3.8%	-10.5%	-24.8%	-20.4%	-19.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	14,125	2,190	1,516	938	38.2	15.5	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	18,785	2,648	4,173	2,528	103.0	14.1	May 13, 2024	J-GAAP
Apr - Jun, 2024	15,115	2,114	3,801	2,518	102.4	14.0	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	13,784	2,302	-82	1,717	69.9	16.7	Nov 11, 2024	J-GAAP
Oct - Dec, 2024	18,013	2,181	4,216	2,812	114.6	12.1	Feb 10, 2025	J-GAAP
YoY	+27.5%	-0.4%	+178.1%	+199.8%	+199.7%