Ferrotec Holdings, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 12%, Oct-Dec Ordinary Profit Decreases by 37%

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Fri Feb 14, 2025 3:30 pm JST Earnings

6890 Ferrotec Holdings Corporation 【J-GAAP】

Earnings Report

Ferrotec Holdings Corporation <6890> [TSE Std] announced its financial results after the market closed on February 14th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 11.8% from the same period last year to 20.5 billion yen. However, the progress rate toward the full-year plan of 26 billion yen was 78.9%, almost the same as the five-year average of 78.5%.

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 expand 67.7% from the same period last year, reaching 5.48 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit dropped to 5.04 billion yen, a 37.3% decrease compared to the same period last year. The operating profit margin significantly dropped from 12.6% in the same period last year to 8.1%.

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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	155,690	26,743	35,281	23,737	518.2	83.1	Feb 14, 2023	J-GAAP
Apr - Dec, 2023	168,266	20,926	23,266	13,464	286.8	87.7	Feb 14, 2024	J-GAAP
Apr - Dec, 2024	202,365	19,696	20,516	12,612	268.3	78.9	Feb 14, 2025	J-GAAP
YoY	+20.3%	-5.9%	-11.8%	-6.3%	-6.4%

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	116,936	11,837	11,320	6,764	144.0	50	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	129,843	11,749	10,530	6,810	145.5	55	Nov 14, 2024	J-GAAP
YoY	+11.0%	-0.7%	-7.0%	+0.7%	+1.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	210,810	35,042	42,448	29,702	644.8	105	May 15, 2023	J-GAAP
Mar, 2024	222,430	24,872	26,537	15,154	322.7	100	May 15, 2024	J-GAAP
Mar, 2025 Guidance	265,000	26,000	26,000	16,000	341.7	110	Nov 14, 2024	J-GAAP
YoY	+19.1%	+4.5%	-2.0%	+5.6%	+5.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	62,772	7,891	8,049	5,074	108.1	12.6	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	54,164	3,946	3,271	1,690	36.0	7.3	May 15, 2024	J-GAAP
Apr - Jun, 2024	61,110	7,015	8,217	4,849	103.2	11.5	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	74,047	7,236	7,253	4,341	92.3	9.8	Nov 14, 2024	J-GAAP
Oct - Dec, 2024	67,208	5,445	5,046	3,422	72.8	8.1	Feb 14, 2025	J-GAAP
YoY	+7.1%	-31.0%	-37.3%	-32.6%	-32.6%