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KYORITSU ELECTRIC, The Current Fiscal Year Ordinary Profit Revised Upward by 20%, Raises Record High Profit Forecast, Dividend Revised Upward by 20 yen

Fri May 9, 2025 3:00 pm JST Earnings

6874 KYORITSU ELECTRIC CORPORATION 【J-GAAP】

Earnings Report

KYORITSU ELECTRIC CORPORATION <6874> [TSE Std] announced its financial results in the afternoon session on May 9th (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending June 2025 (July 2024 to March 2025) expanded 2.82 billion yen, an increase 31.8% compared to the same period last year.

In addition, the full-year consolidated ordinary profit has been revised upward 20.0%, from the previous forecast of 2.75 billion yen to 3.3 billion yen (compared to 2.63 billion yen in the previous period), increasing the growth rate from 4.4% to 25.2%, further surpassing the previous forecast of record-high profits for three consecutive terms.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the January to June period (2H) is expected to increase 49.7%, from the previous forecast of 1.1 billion yen to 1.65 billion yen (compared to 1.53 billion yen in the same period of the previous year), turning to a 7.8% increase in the consolidated ordinary profit outlook.

In light of the strong performance, the company has increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 120 yen to 140 yen (compared to 90 yen in the previous period).

In the most recent three-month period, from January to March (3Q), the consolidated ordinary profit grew 13.1% from the same period last year, reaching 1.18 billion yen. However, the operating profit margin decreased from 10.6% in the same period last year to 10.4%.

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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
Jul - Mar, 2022 25,647 1,931 1,994 1,310 162.8 84.1 May 8, 2023 J-GAAP
Jul - Mar, 2023 26,004 2,015 2,144 1,372 170.6 81.4 May 8, 2024 J-GAAP
Jul - Mar, 2024 29,599 2,760 2,826 1,835 228.1 85.6 May 9, 2025 J-GAAP
YoY +13.8% +37.0% +31.8% +33.7% +33.7%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2025 Prev 17,575 1,005 1,106 850 105.6 60 Feb 7, 2025 J-GAAP
Jan - Jun, 2025 New 19,575 1,605 1,656 1,100 136.7 70 May 9, 2025 J-GAAP
Revision Rate +11.4% +59.7% +49.7% +29.4% +29.4%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun, 2025 Prev 36,000 2,600 2,750 1,850 229.9 60 Aug 8, 2024 J-GAAP
Jun, 2025 New 38,000 3,200 3,300 2,100 260.9 70 May 9, 2025 J-GAAP
Revision Rate +5.6% +23.1% +20.0% +13.5% +13.5%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2024 17,829 1,441 1,536 1,122 139.4 45 Aug 8, 2024 J-GAAP
Jan - Jun, 2025 Guidance 19,575 1,605 1,656 1,100 136.7 70 May 9, 2025 J-GAAP
YoY +9.8% +11.4% +7.8% -2.0% -2.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun, 2023 33,616 2,273 2,371 1,530 190.1 35 Aug 9, 2023 J-GAAP
Jun, 2024 34,361 2,451 2,635 1,768 219.7 45 Aug 8, 2024 J-GAAP
Jun, 2025 Guidance 38,000 3,200 3,300 2,100 260.9 70 May 9, 2025 J-GAAP
YoY +10.6% +30.6% +25.2% +18.8% +18.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2024 9,472 1,005 1,045 726 90.3 10.6 May 8, 2024 J-GAAP
Apr - Jun, 2024 8,357 436 491 396 49.2 5.2 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 8,360 557 554 277 34.4 6.7 Nov 6, 2024 J-GAAP
Oct - Dec, 2024 10,065 1,038 1,090 723 89.9 10.3 Feb 7, 2025 J-GAAP
Jan - Mar, 2025 11,174 1,165 1,182 835 103.8 10.4 May 9, 2025 J-GAAP
YoY +18.0% +15.9% +13.1% +15.0% +15.0%

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