SUMITOMO HEAVY INDUSTRIES, 8% Increase in Ordinary Profit for The Current Fiscal Year

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Fri Feb 14, 2025 2:00 pm JST Earnings

6302 SUMITOMO HEAVY INDUSTRIES,LTD. 【J-GAAP】

Earnings Report

SUMITOMO HEAVY INDUSTRIES,LTD. <6302> [TSE Prime] announced its financial results in the afternoon session on February 14th (14:00). The consolidated ordinary profit for the fiscal year ending December 2024 decreased 30.0% from the previous period to 49.1 billion yen. In the fiscal year ending December 2025, the profit is expected to grow by 7.8% to 53 billion yen.

In the most recent three-month period, from October to December (4Q), the consolidated ordinary profit dropped to 13.8 billion yen, a 30.1% decrease compared to the same period last year. The operating profit margin drastically worsened from 8.0% in the same period last year to 4.7%.

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Actual Results

Historical Performance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022 Changed	854,093	44,803	43,253	5,782	47.2	90	Feb 13, 2023	J-GAAP
Dec, 2023	1,081,533	74,367	70,250	32,742	267.3	120	Feb 14, 2024	J-GAAP
Dec, 2024	1,071,126	55,103	49,184	7,721	63.9	125	Feb 14, 2025	J-GAAP
YoY	-1.0%	-25.9%	-30.0%	-76.4%	-76.1%

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	1,070,000	54,000	48,000	6,000	49.9	125	Jan 30, 2025	J-GAAP
Dec, 2024 Results	1,071,126	55,103	49,184	7,721	63.9	125	Feb 14, 2025	J-GAAP
Revision Rate	+0.1%	+2.0%	+2.5%	+28.7%	+27.9%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan - Jun, 2024	520,353	33,330	33,858	23,509	193.3	60	Aug 7, 2024	J-GAAP
Jan - Jun, 2025 Guidance	ー	ー	ー	ー	－	60	Feb 14, 2025	J-GAAP
YoY	－	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2023	1,081,533	74,367	70,250	32,742	267.3	120	Feb 14, 2024	J-GAAP
Dec, 2024	1,071,126	55,103	49,184	7,721	63.9	125	Feb 14, 2025	J-GAAP
Dec, 2025 Guidance	1,090,000	60,000	53,000	28,000	233.0	125	Feb 14, 2025	J-GAAP
YoY	+1.8%	+8.9%	+7.8%	+262.6%	+264.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	309,028	24,635	19,888	-1,577	-12.9	8.0	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	254,811	18,434	18,766	13,599	111.1	7.2	Apr 26, 2024	J-GAAP
Apr - Jun, 2024	265,542	14,896	15,092	9,910	81.5	5.6	Aug 7, 2024	J-GAAP
Jul - Sep, 2024	251,719	7,720	1,431	788	6.5	3.1	Oct 31, 2024	J-GAAP
Oct - Dec, 2024	299,054	14,053	13,895	-16,576	-137.1	4.7	Feb 14, 2025	J-GAAP
YoY	-3.2%	-43.0%	-30.1%	-951.1%	-965.3%