kabutan

TERASAKI ELECTRIC, The Current Fiscal Year Ordinary Profit Revised Upward by 24%, Dividend Revised Upward by 5 yen

Thu Feb 13, 2025 3:45 pm JST Earnings

6637 TERASAKI ELECTRIC CO.,LTD. 【J-GAAP】

Earnings Report

TERASAKI ELECTRIC CO.,LTD. <6637> [TSE Std] announced its financial results after the market closed on February 13th (15:45). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 11.1% from the same period last year, reaching 4.33 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward 24.0%, from the previous forecast of 4.41 billion yen to 5.47 billion yen (compared to 5.77 billion yen in the previous period), and the declining rate is expected to decrease from 23.6% to 5.2%.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) has been revised upward 48.9%, from the previous forecast of 2.16 billion yen to 3.22 billion yen (compared to 3.89 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 44.3% to 17.1%.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 26 yen to 31 yen (compared to 36 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 3.4% from the same period last year, reaching 2.09 billion yen. However, the operating profit margin decreased from 13.0% in the same period last year to 11.6%.

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 31,502 1,720 2,161 1,293 99.3 62.1 Feb 13, 2023 J-GAAP
Apr - Dec, 2023 38,184 3,281 3,899 3,053 234.3 67.5 Feb 13, 2024 J-GAAP
Apr - Dec, 2024 41,350 3,912 4,331 2,981 228.8 79.2 Feb 13, 2025 J-GAAP
YoY +8.3% +19.2% +11.1% -2.4% -2.3%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Prev 28,602 1,745 2,169 1,492 114.5 16 Nov 13, 2024 J-GAAP
Oct - Mar, 2024 New 28,592 2,665 3,229 2,252 172.9 21 Feb 13, 2025 J-GAAP
Revision Rate 0.0% +52.7% +48.9% +50.9% +50.9%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 55,520 3,990 4,410 3,070 235.6 26 Nov 13, 2024 J-GAAP
Mar, 2025 New 55,510 4,910 5,470 3,830 294.0 31 Feb 13, 2025 J-GAAP
Revision Rate 0.0% +23.1% +24.0% +24.8% +24.8%

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 28,780 3,581 3,895 2,479 190.3 26 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 28,592 2,665 3,229 2,252 172.9 21 Feb 13, 2025 J-GAAP
YoY -0.7% -25.6% -17.1% -9.2% -9.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 44,253 2,868 3,479 2,345 180.0 20 May 15, 2023 J-GAAP
Mar, 2024 52,065 4,921 5,773 4,014 308.2 36 May 15, 2024 J-GAAP
Mar, 2025 Guidance 55,510 4,910 5,470 3,830 294.0 31 Feb 13, 2025 J-GAAP
YoY +6.6% -0.2% -5.2% -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 14,899 1,941 2,021 1,518 116.5 13.0 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 13,881 1,640 1,874 961 73.8 11.8 May 15, 2024 J-GAAP
Apr - Jun, 2024 13,022 1,255 1,431 960 73.7 9.6 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 13,896 990 810 618 47.4 7.1 Nov 13, 2024 J-GAAP
Oct - Dec, 2024 14,432 1,667 2,090 1,403 107.7 11.6 Feb 13, 2025 J-GAAP
YoY -3.1% -14.1% +3.4% -7.6% -7.6%

Related Articles