Tensho Electric Industries, Oct-Dec (3Q) Ordinary Profit Increases by 31%

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Wed Feb 12, 2025 4:00 pm JST Earnings

6776 Tensho Electric Industries Co., Ltd. 【J-GAAP】

Earnings Report

Tensho Electric Industries Co., Ltd. <6776> [TSE Std] announced its financial results after the market closed on February 12th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 28.6% from the same period last year to 0.76 billion yen. However, the progress rate toward the full-year plan of 1 billion yen was 76.9%, almost the same as the five-year average of 76.2%.

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 decrease 5.7% from the same period last year to 0.23 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 31.1% from the same period last year, reaching 0.46 billion yen. However, the operating profit margin worsened from 5.2% in the same period last year to 4.2%.

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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	17,668	568	681	493	29.0	90.6	Feb 14, 2023	J-GAAP
Apr - Dec, 2023	20,273	892	1,077	796	46.8	81.5	Feb 13, 2024	J-GAAP
Apr - Dec, 2024	20,936	599	769	446	26.3	76.9	Feb 12, 2025	J-GAAP
YoY	+3.3%	-32.8%	-28.6%	-44.0%	-43.9%

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	14,063	560	596	382	22.5	5	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	14,833	709	691	426	25.0	5	Nov 14, 2024	J-GAAP
YoY	+5.5%	+26.6%	+15.9%	+11.5%	+11.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	23,899	604	752	612	36.0	3	May 15, 2023	J-GAAP
Mar, 2024	26,905	1,062	1,322	948	55.8	5	May 15, 2024	J-GAAP
Mar, 2025 Guidance	28,500	1,000	1,000	600	35.3	5	Nov 14, 2024	J-GAAP
YoY	+5.9%	-5.8%	-24.4%	-36.7%	-36.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	7,431	390	351	230	13.5	5.2	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	6,632	170	245	152	8.9	2.6	May 15, 2024	J-GAAP
Apr - Jun, 2024	6,443	150	259	162	9.6	2.3	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	7,224	141	50	12	0.7	2.0	Nov 14, 2024	J-GAAP
Oct - Dec, 2024	7,269	308	460	272	16.0	4.2	Feb 12, 2025	J-GAAP
YoY	-2.2%	-21.0%	+31.1%	+18.3%	+18.5%