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TEIKOKU ELECTRIC MFG, The Current Fiscal Year Ordinary Profit Revised Upward to an Unexpected 5% Increase, Highest in Two Terms, Dividend Revised Upward by 14 yen

Mon Feb 10, 2025 5:00 pm JST Earnings

6333 TEIKOKU ELECTRIC MFG.CO.,LTD. 【J-GAAP】

Earnings Report

TEIKOKU ELECTRIC MFG.CO.,LTD. <6333> [TSE Prime] announced its financial results after the market closed on February 10th (17:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 9.3% from the same period last year, reaching 4.53 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward 14.7%, from the previous forecast of 4.96 billion yen to 5.69 billion yen (compared to 5.44 billion yen in the previous period), reaches new record high for the first time in two terms, turning to a 4.6% 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 33.1%, from the previous forecast of 2.2 billion yen to 2.93 billion yen (compared to 2.44 billion yen in the same period of the previous year), turning to a 20.1% increase in the consolidated ordinary profit outlook.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 82 yen to 96 yen (compared to 92 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 54.7% from the same period last year, reaching 1.78 billion yen. The operating profit margin rose from 16.4% in the same period last year to 20.5%.

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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 20,618 3,767 4,144 2,871 153.2 75.7 Feb 10, 2023 J-GAAP
Apr - Dec, 2023 21,495 3,779 4,151 2,927 161.8 76.3 Feb 9, 2024 J-GAAP
Apr - Dec, 2024 22,008 4,274 4,539 2,567 145.8 79.8 Feb 10, 2025 J-GAAP
YoY +2.4% +13.1% +9.3% -12.3% -9.8%

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 15,197 2,040 2,208 1,446 87.1 41 Nov 11, 2024 J-GAAP
Oct - Mar, 2024 New 15,307 2,750 2,938 1,896 114.2 55 Feb 10, 2025 J-GAAP
Revision Rate +0.7% +34.8% +33.1% +31.1% +31.1%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 29,580 4,750 4,960 2,870 172.8 82 May 10, 2024 J-GAAP
Mar, 2025 New 29,690 5,460 5,690 3,320 199.9 96 Feb 10, 2025 J-GAAP
Revision Rate +0.4% +14.9% +14.7% +15.7% +15.7%

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 14,911 2,283 2,446 1,051 58.5 46 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 15,307 2,750 2,938 1,896 114.2 55 Feb 10, 2025 J-GAAP
YoY +2.7% +20.5% +20.1% +80.4% +95.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 28,450 5,023 5,472 3,996 215.0 116 May 12, 2023 J-GAAP
Mar, 2024 29,217 4,882 5,442 3,125 173.8 92 May 10, 2024 J-GAAP
Mar, 2025 Guidance 29,690 5,460 5,690 3,320 199.9 96 Feb 10, 2025 J-GAAP
YoY +1.6% +11.8% +4.6% +6.2% +15.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 7,189 1,180 1,155 853 47.1 16.4 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 7,722 1,103 1,291 198 11.0 14.3 May 10, 2024 J-GAAP
Apr - Jun, 2024 6,940 1,290 1,613 819 46.6 18.6 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 7,443 1,420 1,139 605 34.4 19.1 Nov 11, 2024 J-GAAP
Oct - Dec, 2024 7,625 1,564 1,787 1,143 64.9 20.5 Feb 10, 2025 J-GAAP
YoY +6.1% +32.5% +54.7% +34.0% +37.7%

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