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TOREX SEMICON, The Current Fiscal Year Ordinary Profit Revised Downward to a Loss

Fri Feb 14, 2025 4:00 pm JST Earnings

6616 TOREX SEMICONDUCTOR LTD. 【J-GAAP】

Earnings Report

TOREX SEMICONDUCTOR LTD. <6616> [TSE Prime] announced its financial results after the market closed on February 14th (16:00). The consolidated ordinary loss for the cumulative third quarter of the fiscal year ending March 2025 (April to December) was a reduced loss of 0.17 billion yen (compared to a loss of 0.9 billion yen in the same period last year).

However, the full-year consolidated ordinary profit/loss has been revised downward from an expected profit of 0.1 billion yen to a loss of 0.8 billion yen (compared to a loss of 2.45 billion yen in the previous period), turning to a loss outlook.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit/loss for the October to March period (2H) has been revised downward from an expected profit of 0.03 billion yen to a loss of 0.86 billion yen (compared to a loss of 2.18 billion yen in the same period of the previous year), turning to a loss outlook.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary loss improved to a deficit of 0.24 billion yen (compared to a loss of 0.63 billion yen in the same period last year). The operating profit/loss margin improved from -7.9% in the same period last year to -7.6%.

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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 25,083 4,289 4,268 2,973 271.3 107.2 Feb 14, 2023 J-GAAP
Apr - Dec, 2023 19,557 -412 -902 -812 -73.9 Feb 14, 2024 J-GAAP
Apr - Dec, 2024 18,305 -104 -173 -234 -21.3 Feb 14, 2025 J-GAAP
YoY -6.4% +74.8% +80.8% +71.2% +71.2%

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 12,476 64 31 -5 0.0 28 Nov 14, 2024 J-GAAP
Oct - Mar, 2024 New 10,976 -1,036 -869 -1,005 -92.4 28 Feb 14, 2025 J-GAAP
Revision Rate -12.0% -20,000.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 25,000 400 100 0 0.0 56 Nov 14, 2024 J-GAAP
Mar, 2025 New 23,500 -700 -800 -1,000 -91.9 56 Feb 14, 2025 J-GAAP
Revision Rate -6.0%

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 12,499 -1,867 -2,186 -4,098 -372.6 28 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 10,976 -1,036 -869 -1,005 -92.4 28 Feb 14, 2025 J-GAAP
YoY -12.2% +44.5% +60.2% +75.5% +75.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 31,956 3,976 3,981 2,179 198.7 56 May 12, 2023 J-GAAP
Mar, 2024 25,751 -1,778 -2,452 -4,297 -390.7 56 May 14, 2024 J-GAAP
Mar, 2025 Guidance 23,500 -700 -800 -1,000 -91.9 56 Feb 14, 2025 J-GAAP
YoY -8.7% +60.6% +67.4% +76.7% +76.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 6,305 -501 -636 -613 -55.8 -7.9 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 6,194 -1,366 -1,550 -3,485 -316.9 -22.1 May 14, 2024 J-GAAP
Apr - Jun, 2024 6,251 365 340 83 7.6 5.8 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 6,273 -29 -271 -78 -8.0 -0.5 Nov 14, 2024 J-GAAP
Oct - Dec, 2024 5,781 -440 -242 -239 -21.8 -7.6 Feb 14, 2025 J-GAAP
YoY -8.3% +12.2% +61.9% +61.0% +61.0%

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