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JVC KENWOOD, 31% Decrease in Net Income for The Current Fiscal Year, Increased Previous Year's Dividend by 2 yen, This Fiscal Year to Increase Dividend by 3 yen

Thu May 1, 2025 3:45 pm JST Earnings

6632 JVCKENWOOD Corporation 【IFRS】

Earnings Report

JVC KENWOOD Corporation <6632> [TSE Prime] announced its financial results (based on IFRS) after the market closed on May 1st (15:45). The consolidated net income for the fiscal year ending March 2025 expanded 55.8% from the previous period to 20.2 billion yen. However, for the fiscal year ending March 2026, the profit is expected to drop by 31.0% from the previous period to 14 billion yen.

At the same time, the company increased the annual dividend for the previous term from 13 yen to 15 yen (compared to 12 yen in the prior term), and has decided to increase the dividend this fiscal year to 18 yen, an increase of 3 yen from the previous fiscal year.

In the most recent three-month period, from January to March (4Q), the consolidated net income surged 3.0 times that of the same period last year, reaching 6.2 billion yen. The operating profit margin improved from 3.5% in the same period last year to 5.0%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 336,910 21,634 21,161 16,229 99.3 12 Apr 27, 2023 IFRS
Mar, 2024 359,459 18,226 18,245 13,016 84.3 12 Apr 26, 2024 IFRS
Mar, 2025 370,308 21,792 23,490 20,276 135.2 15 May 1, 2025 IFRS
YoY +3.0% +19.6% +28.7% +55.8% +60.3%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Guidance 364,000 22,000 23,000 17,000 114.9 13 Oct 31, 2024 IFRS
Mar, 2025 Results 370,308 21,792 23,490 20,276 135.2 15 May 1, 2025 IFRS
Revision Rate +1.7% -0.9% +2.1% +19.3% +17.7%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 176,574 13,556 14,473 11,093 73.6 5 Oct 31, 2024 IFRS
Apr - Sep, 2025 Guidance ー ー ー ー － 6 May 1, 2025 IFRS
YoY － － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 359,459 18,226 18,245 13,016 84.3 12 Apr 26, 2024 IFRS
Mar, 2025 370,308 21,792 23,490 20,276 135.2 15 May 1, 2025 IFRS
Mar, 2026 Guidance 358,000 19,000 19,500 14,000 97.4 18 May 1, 2025 IFRS
YoY -3.3% -12.8% -17.0% -31.0% -28.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2024 92,201 3,244 3,313 2,094 13.6 3.5 Apr 26, 2024 IFRS
Apr - Jun, 2024 87,769 6,022 6,950 5,503 36.5 6.9 Aug 1, 2024 IFRS
Jul - Sep, 2024 88,805 7,534 7,523 5,590 37.1 8.5 Oct 31, 2024 IFRS
Oct - Dec, 2024 93,900 3,227 3,803 2,977 19.8 3.4 Feb 3, 2025 IFRS
Jan - Mar, 2025 99,834 5,009 5,214 6,206 41.4 5.0 May 1, 2025 IFRS
YoY +8.3% +54.4% +57.4% +196.4% +204.9%

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