SEIWA ELECTRIC, 4% Decrease in Ordinary Profit for The Current Fiscal Year

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Wed Feb 12, 2025 4:00 pm JST Earnings

6748 SEIWA ELECTRIC MFG. CO., LTD. 【J-GAAP】

Earnings Report

SEIWA ELECTRIC MFG. CO., LTD. <6748> [TSE Std] announced its financial results after the market closed on February 12th (16:00). The consolidated ordinary profit for the fiscal year ending December 2024 expanded 65.7% from the previous period to 1.92 billion yen. However, for the fiscal year ending December 2025, the profit is expected to decrease by 3.7% from the previous period to 1.85 billion yen.

In the most recent three-month period, from October to December (4Q), the consolidated ordinary profit increased 63.9% from the same period last year, reaching 0.99 billion yen. The operating profit margin significantly improved from 7.6% in the same period last year to 11.9%.

Kabutan News

Actual Results

Historical Performance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	23,429	1,543	1,575	1,101	83.8	15	Feb 13, 2023	J-GAAP
Dec, 2023	23,760	1,041	1,159	793	60.4	18	Feb 13, 2024	J-GAAP
Dec, 2024	25,215	1,772	1,921	1,350	103.0	18	Feb 12, 2025	J-GAAP
YoY	+6.1%	+70.2%	+65.7%	+70.2%	+70.7%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Guidance	25,500	1,480	1,550	1,070	81.8	18	Feb 13, 2024	J-GAAP
Dec, 2024 Results	25,215	1,772	1,921	1,350	103.0	18	Feb 12, 2025	J-GAAP
Revision Rate	-1.1%	+19.7%	+23.9%	+26.2%	+25.9%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan - Jun, 2024	11,003	489	542	372	28.4	0	Aug 9, 2024	J-GAAP
Jan - Jun, 2025 Guidance	11,500	600	625	420	32.5	0	Feb 12, 2025	J-GAAP
YoY	+4.5%	+22.7%	+15.3%	+12.9%	+14.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2023	23,760	1,041	1,159	793	60.4	18	Feb 13, 2024	J-GAAP
Dec, 2024	25,215	1,772	1,921	1,350	103.0	18	Feb 12, 2025	J-GAAP
Dec, 2025 Guidance	26,000	1,800	1,850	1,245	96.3	18	Feb 12, 2025	J-GAAP
YoY	+3.1%	+1.6%	-3.7%	-7.8%	-6.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	7,528	570	606	391	29.8	7.6	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	5,413	440	444	301	22.9	8.1	May 14, 2024	J-GAAP
Apr - Jun, 2024	5,590	49	98	71	5.4	0.9	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	6,253	332	386	286	21.8	5.3	Nov 13, 2024	J-GAAP
Oct - Dec, 2024	7,959	951	993	692	52.8	11.9	Feb 12, 2025	J-GAAP
YoY	+5.7%	+66.8%	+63.9%	+77.0%	+77.4%