Meiji Machine, Apr-Dec (Cumulative 3Q) Net Income Turns to Loss, Oct-Dec Net Income Decreases by 60%

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Thu Feb 13, 2025 4:00 pm JST Earnings

6334 Meiji Machine Co.,Ltd. 【J-GAAP】

Earnings Report

Meiji Machine Co.,Ltd. <6334> [TSE Std] announced its financial results after the market closed on February 13th (16:00). The consolidated net income/loss for the cumulative third quarter of the fiscal year ending March 2025 (April to December) turned into a loss of 211 million yen (compared to a profit of 96 million yen in the same period last year).

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the January to March period (4Q) is expected to expand 46.3% from the same period last year, reaching 319 million yen.

In the most recent three-month period, from October to December (3Q), the consolidated net income significantly dropped to 84 million yen, a 60.2% decrease compared to the same period last year. The operating profit margin sharply declined from 13.6% in the same period last year to 6.3%.

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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	4,707	147	185	1,631	143.3	80.1	Feb 13, 2023	J-GAAP
Apr - Dec, 2023	3,085	52	71	96	8.5	26.8	Feb 13, 2024	J-GAAP
Apr - Dec, 2024	3,858	-67	-31	-211	-18.9	ー	Feb 13, 2025	J-GAAP
YoY	+25.1%	－	－	－	－

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	3,399	411	408	429	38.1	4	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	3,659	443	414	403	37.9	4	Nov 12, 2024	J-GAAP
YoY	+7.6%	+7.8%	+1.5%	-6.1%	-0.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	6,306	188	231	1,764	155.0	2	May 12, 2023	J-GAAP
Mar, 2024	4,896	247	265	314	27.9	4	May 13, 2024	J-GAAP
Mar, 2025 Guidance	6,000	280	280	108	10.2	4	Nov 12, 2024	J-GAAP
YoY	+22.5%	+13.4%	+5.7%	-65.6%	-63.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	1,588	216	214	211	18.8	13.6	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	1,811	195	194	218	19.4	10.8	May 13, 2024	J-GAAP
Apr - Jun, 2024	946	-116	-107	-119	-10.7	-12.3	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	1,395	-47	-27	-176	-15.8	-3.4	Nov 12, 2024	J-GAAP
Oct - Dec, 2024	1,517	96	103	84	7.5	6.3	Feb 13, 2025	J-GAAP
YoY	-4.5%	-55.6%	-51.9%	-60.2%	-59.8%