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SHIZUKI ELECTRIC, The Current Fiscal Year Ordinary Profit Revised Upward to an Unexpected 25% Increase, Dividend Revised Upward by 1.5 yen

Wed Feb 12, 2025 1:00 pm JST Earnings

6994 SHIZUKI ELECTRIC COMPANY INC. 【J-GAAP】

Earnings Report

SHIZUKI ELECTRIC COMPANY INC. <6994> [TSE Std] announced its financial results in the afternoon session on February 12th (13:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 1.11 billion yen, an increase 53.9% compared to the same period last year.

In addition, the full-year consolidated ordinary profit has been revised upward 64.7%, from the previous forecast of 0.85 billion yen to 1.4 billion yen (compared to 1.12 billion yen in the previous period), turning to a 25.0% 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 2.4 times, from the previous forecast of 0.4 billion yen to 0.95 billion yen (compared to 0.65 billion yen in the same period of the previous year), turning to a 45.7% 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 8.5 yen to 10 yen (compared to 8.5 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit surged 2.6 times that of the same period last year, reaching 0.67 billion yen. The operating profit margin significantly improved from 4.8% in the same period last year to 8.7%.

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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 19,492 501 675 384 11.7 55.2 Feb 3, 2023 J-GAAP
Apr - Dec, 2023 19,718 752 724 199 7.2 64.6 Feb 6, 2024 J-GAAP
Apr - Dec, 2024 19,705 1,158 1,114 671 26.6 79.6 Feb 12, 2025 J-GAAP
YoY -0.1% +54.0% +53.9% +237.2% +269.5%

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 12,162 538 406 170 6.7 5.50 Nov 6, 2024 J-GAAP
Oct - Mar, 2024 New 14,162 1,038 956 570 22.6 7 Feb 12, 2025 J-GAAP
Revision Rate +16.4% +92.9% +135.5% +235.3% +235.4%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 25,000 1,100 850 400 15.8 8.50 May 15, 2024 J-GAAP
Mar, 2025 New 27,000 1,600 1,400 800 31.7 10 Feb 12, 2025 J-GAAP
Revision Rate +8.0% +45.5% +64.7% +100.0% +100.0%

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 13,559 684 656 82 3.0 5.50 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 14,162 1,038 956 570 22.6 7 Feb 12, 2025 J-GAAP
YoY +4.4% +51.8% +45.7% +595.1% +644.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 26,127 937 1,223 760 23.1 9 May 15, 2023 J-GAAP
Mar, 2024 26,305 1,098 1,120 182 6.7 8.50 May 15, 2024 J-GAAP
Mar, 2025 Guidance 27,000 1,600 1,400 800 31.7 10 Feb 12, 2025 J-GAAP
YoY +2.6% +45.7% +25.0% +339.6% +371.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 6,972 338 260 99 3.6 4.8 Feb 6, 2024 J-GAAP
Jan - Mar, 2024 6,587 346 396 -17 -0.6 5.3 May 15, 2024 J-GAAP
Apr - Jun, 2024 6,165 164 239 105 4.2 2.7 Aug 6, 2024 J-GAAP
Jul - Sep, 2024 6,673 398 205 125 5.0 6.0 Nov 6, 2024 J-GAAP
Oct - Dec, 2024 6,867 596 670 441 17.5 8.7 Feb 12, 2025 J-GAAP
YoY -1.5% +76.3% +157.7% +345.5% +387.7%

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