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EM SYSTEMS, 39% Decrease in Ordinary Profit for The Current Fiscal Year, Increased Previous Year's Dividend by 6 yen, Plan to Continue the 35 yen Policy This Fiscal Year as Well

Fri Feb 14, 2025 4:30 pm JST Earnings

4820 EM SYSTEMS CO.,LTD. 【J-GAAP】

Earnings Report

EM SYSTEMS CO.,LTD. <4820> [TSE Prime] announced its financial results after the market closed on February 14th (16:30). The consolidated ordinary profit for the fiscal year ending December 2024 expanded 80.7% from the previous period to 5.18 billion yen. However, for the fiscal year ending December 2025, the profit is expected to drop by 39.2% from the previous period to 3.15 billion yen.

At the same time, the company increased the annual dividend for the previous term from 29 yen to 35 yen (compared to 14 yen in the prior term), and has decided to continue with a dividend of 35 yen for the current term as well.

In the most recent three-month period, from October to December (4Q), the consolidated ordinary profit surged 2.2 times that of the same period last year, reaching 1.46 billion yen. The operating profit margin jumped from 10.2% in the same period last year to 17.8%.

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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 16,919 2,395 2,791 1,893 26.8 12 Feb 14, 2023 J-GAAP
Dec, 2023 20,355 2,330 2,869 1,962 27.8 14 Feb 14, 2024 J-GAAP
Dec, 2024 24,837 4,464 5,184 2,425 34.5 35 Feb 14, 2025 J-GAAP
YoY +22.0% +91.6% +80.7% +23.6% +24.4%

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 23,739 3,797 4,501 1,978 28.6 29 Nov 14, 2024 J-GAAP
Dec, 2024 Results 24,837 4,464 5,184 2,425 34.5 35 Feb 14, 2025 J-GAAP
Revision Rate +4.6% +17.6% +15.2% +22.6% +20.7%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2024 10,989 1,221 1,540 985 14.0 9 Aug 9, 2024 J-GAAP
Jan - Jun, 2025 Guidance 10,870 1,261 1,577 927 13.4 17 Feb 14, 2025 J-GAAP
YoY -1.1% +3.3% +2.4% -5.9% -4.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 20,355 2,330 2,869 1,962 27.8 14 Feb 14, 2024 J-GAAP
Dec, 2024 24,837 4,464 5,184 2,425 34.5 35 Feb 14, 2025 J-GAAP
Dec, 2025 Guidance 21,740 2,522 3,154 1,854 26.8 35 Feb 14, 2025 J-GAAP
YoY -12.5% -43.5% -39.2% -23.5% -22.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 5,157 526 670 605 8.6 10.2 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 5,571 720 873 571 8.1 12.9 May 14, 2024 J-GAAP
Apr - Jun, 2024 5,418 501 667 414 5.9 9.2 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 6,766 1,980 2,175 525 7.5 29.3 Nov 14, 2024 J-GAAP
Oct - Dec, 2024 7,082 1,263 1,469 915 13.0 17.8 Feb 14, 2025 J-GAAP
YoY +37.3% +140.1% +119.3% +51.2% +52.2%

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