MATSUO ELECTRIC, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 57%, Oct-Dec Ordinary Profit Increases by 4.9 times

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Wed Feb 12, 2025 3:00 pm JST Earnings

6969 MATSUO ELECTRIC CO.,LTD. 【J-GAAP】

Earnings Report

MATSUO ELECTRIC CO.,LTD. <6969> [TSE Std] announced its financial results in the afternoon session on February 12th (15:00). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 332 million yen, an increase 56.6% compared to the same period last year. The progress rate toward the full-year plan of 430 million yen was 77.2%, almost the same as the five-year average of 75.8%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the January to March period (4Q) is expected to surge 12 times that of the same period last year, reaching 98 million yen.

In the most recent three-month period, from October to December (3Q), the ordinary profit surged 4.9 times that of the same period last year, reaching 180 million yen. The operating profit margin drastically improved from 3.8% in the same period last year to 15.0%.

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	3,465	414	401	270	84.2	75.9	Feb 10, 2023	J-GAAP
Apr - Dec, 2023	3,168	238	212	121	37.9	96.4	Feb 9, 2024	J-GAAP
Apr - Dec, 2024	3,400	355	332	245	76.5	77.2	Feb 12, 2025	J-GAAP
YoY	+7.3%	+49.2%	+56.6%	+102.5%	+101.8%

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	2,067	55	45	-65	-20.9	0	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	2,554	293	278	251	78.3	0	Nov 5, 2024	J-GAAP
YoY	+23.6%	+432.7%	+517.8%	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	4,649	546	528	306	95.6	0	May 15, 2023	J-GAAP
Mar, 2024	4,209	254	220	28	9.0	0	May 15, 2024	J-GAAP
Mar, 2025 Guidance	4,700	460	430	330	102.9	0	Nov 5, 2024	J-GAAP
YoY	+11.7%	+81.1%	+95.5%	+1,078.6%	+1,045.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	1,026	39	37	28	8.8	3.8	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	1,041	16	8	-93	-29.8	1.5	May 15, 2024	J-GAAP
Apr - Jun, 2024	1,040	86	79	60	18.9	8.3	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	1,106	81	73	19	5.9	7.3	Nov 12, 2024	J-GAAP
Oct - Dec, 2024	1,254	188	180	166	51.8	15.0	Feb 12, 2025	J-GAAP
YoY	+22.2%	+382.1%	+386.5%	+492.9%	+490.6%