NEW COSMOS ELECTRIC, The Current Fiscal Year Ordinary Profit Revised Upward to an Unexpected 11% Increase

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Fri Feb 14, 2025 4:00 pm JST Earnings

6824 NEW COSMOS ELECTRIC CO., LTD 【J-GAAP】

Earnings Report

NEW COSMOS ELECTRIC CO., LTD <6824> [TSE Std] announced its financial results after the market closed on February 14th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 26.9% from the same period last year, reaching 4.72 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward 28.2%, from the previous forecast of 4.15 billion yen to 5.32 billion yen (compared to 4.8 billion yen in the previous period), turning to a 10.6% increase in the consolidated ordinary profit outlook.

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 2.5 times, from the previous forecast of 0.75 billion yen to 1.92 billion yen (compared to 2.38 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 68.3% to 19.3%.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit amounted to 1.32 billion yen, an increase of 2.2% compared to the same period last year. However, the operating profit margin decreased from 13.7% in the same period last year to 10.8%.

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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	27,168	4,494	5,029	2,891	234.3	80.2	Feb 13, 2023	J-GAAP
Apr - Dec, 2023	28,003	3,262	3,723	2,044	165.6	77.4	Feb 13, 2024	J-GAAP
Apr - Dec, 2024	29,511	4,374	4,723	2,865	231.9	88.8	Feb 14, 2025	J-GAAP
YoY	+5.4%	+34.1%	+26.9%	+40.2%	+40.1%

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	21,446	730	756	347	28.1	48	Nov 11, 2024	J-GAAP
Oct - Mar, 2024 New	21,485	1,550	1,926	1,157	93.6	48	Feb 14, 2025	J-GAAP
Revision Rate	+0.2%	+112.3%	+154.8%	+233.4%	+233.5%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	41,661	4,100	4,150	2,380	192.5	48	May 15, 2024	J-GAAP
Mar, 2025 New	41,700	4,920	5,320	3,190	258.1	48	Feb 14, 2025	J-GAAP
Revision Rate	+0.1%	+20.0%	+28.2%	+34.0%	+34.0%

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	20,340	2,166	2,387	1,744	141.2	48	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	21,485	1,550	1,926	1,157	93.6	48	Feb 14, 2025	J-GAAP
YoY	+5.6%	-28.4%	-19.3%	-33.7%	-33.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	37,206	5,693	6,269	3,736	302.8	47	May 15, 2023	J-GAAP
Mar, 2024	38,546	4,086	4,809	2,959	239.6	48	May 15, 2024	J-GAAP
Mar, 2025 Guidance	41,700	4,920	5,320	3,190	258.1	48	Feb 14, 2025	J-GAAP
YoY	+8.2%	+20.4%	+10.6%	+7.8%	+7.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	9,797	1,342	1,301	829	67.1	13.7	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	10,543	824	1,086	915	74.1	7.8	May 15, 2024	J-GAAP
Apr - Jun, 2024	9,446	1,317	1,581	800	64.8	13.9	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	10,769	2,053	1,813	1,233	99.8	19.1	Nov 11, 2024	J-GAAP
Oct - Dec, 2024	9,296	1,004	1,329	832	67.4	10.8	Feb 14, 2025	J-GAAP
YoY	-5.1%	-25.2%	+2.2%	+0.4%	+0.3%