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SAKAI HEAVY INDUSTRIES, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 47%, Oct-Dec Ordinary Profit Decreases by 59%

Thu Feb 13, 2025 2:30 pm JST Earnings

6358 SAKAI HEAVY INDUSTRIES,LTD. 【J-GAAP】

Earnings Report

SAKAI HEAVY INDUSTRIES,LTD. <6358> [TSE Prime] announced its financial results in the afternoon session on February 13th (14:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) dropped 47.2% from the same period last year to 1.41 billion yen. The progress rate toward the full-year plan of 1.7 billion yen was 83.1%, also surpassing the five-year average of 78.4%.

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 significant drop 55.7% from the same period last year to 0.28 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit significantly dropped to 0.23 billion yen, a 58.6% decrease compared to the same period last year. The operating profit margin drastically worsened from 8.2% in the same period last year to 2.3%.

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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 22,125 1,585 1,586 1,172 138.7 68.2 Feb 14, 2023 J-GAAP
Apr - Dec, 2023 24,301 2,580 2,676 1,947 229.4 80.5 Feb 9, 2024 J-GAAP
Apr - Dec, 2024 20,243 1,368 1,413 1,435 168.6 83.1 Feb 13, 2025 J-GAAP
YoY -16.7% -47.0% -47.2% -26.3% -26.5%

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 16,235 1,352 1,215 906 106.7 97.50 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 12,815 509 522 398 46.7 60.50 Nov 13, 2024 J-GAAP
YoY -21.1% -62.4% -57.0% -56.1% -56.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 31,459 2,506 2,327 1,694 200.4 100 May 10, 2023 J-GAAP
Mar, 2024 33,020 3,318 3,324 2,440 287.4 142.50 May 14, 2024 J-GAAP
Mar, 2025 Guidance 27,200 1,740 1,700 1,700 199.3 103 Nov 13, 2024 J-GAAP
YoY -17.6% -47.6% -48.9% -30.3% -30.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 7,516 614 567 413 48.7 8.2 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 8,719 738 648 493 58.1 8.5 May 14, 2024 J-GAAP
Apr - Jun, 2024 6,706 449 503 690 81.2 6.7 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 7,679 782 675 612 71.9 10.2 Nov 13, 2024 J-GAAP
Oct - Dec, 2024 5,858 137 235 133 15.6 2.3 Feb 13, 2025 J-GAAP
YoY -22.1% -77.7% -58.6% -67.8% -67.9%

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