ESPEC CORP, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 17%

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Thu Feb 13, 2025 3:00 pm JST Earnings

6859 ESPEC CORP. 【J-GAAP】

Earnings Report

ESPEC CORP. <6859> [TSE Prime] announced its financial results in the afternoon session on February 13th (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 17.2% from the same period last year, reaching 5.21 billion yen. The progress rate toward the full-year plan of 7.2 billion yen was 72.4%, exceeding the five-year average of 62.0%.

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 19.6% from the same period last year to 1.98 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 1.81 billion yen, a 5.5% decrease compared to the same period last year. The operating profit margin decreased from 12.6% in the same period last year to 10.2%.

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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	35,972	2,416	2,695	1,708	76.7	57.8	Feb 13, 2023	J-GAAP
Apr - Dec, 2023	42,189	4,211	4,447	3,085	141.3	64.3	Feb 13, 2024	J-GAAP
Apr - Dec, 2024	46,297	4,917	5,213	3,845	176.1	72.4	Feb 13, 2025	J-GAAP
YoY	+9.7%	+16.8%	+17.2%	+24.6%	+24.6%

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	34,869	4,252	4,393	3,316	151.9	50	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	34,536	3,704	3,802	2,748	125.9	45	Nov 12, 2024	J-GAAP
YoY	-1.0%	-12.9%	-13.5%	-17.1%	-17.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	52,892	4,366	4,664	3,330	150.3	69	May 12, 2023	J-GAAP
Mar, 2024	62,126	6,585	6,919	4,969	227.6	75	May 15, 2024	J-GAAP
Mar, 2025 Guidance	65,000	7,000	7,200	5,200	238.2	80	May 15, 2024	J-GAAP
YoY	+4.6%	+6.3%	+4.1%	+4.6%	+4.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	14,932	1,878	1,921	1,432	65.6	12.6	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	19,937	2,374	2,472	1,884	86.3	11.9	May 15, 2024	J-GAAP
Apr - Jun, 2024	13,691	922	1,114	756	34.7	6.7	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	16,773	2,374	2,284	1,696	77.7	14.2	Nov 12, 2024	J-GAAP
Oct - Dec, 2024	15,833	1,621	1,815	1,393	63.8	10.2	Feb 13, 2025	J-GAAP
YoY	+6.0%	-13.7%	-5.5%	-2.7%	-2.7%