kabutan

HAMAMATSU PHOTONICS, First Half Ordinary Profit Decreases by 44%, Jan-Mar Ordinary Profit Decreases by 27%

Fri May 9, 2025 4:30 pm JST Earnings

6965 HAMAMATSU PHOTONICS K.K. 【J-GAAP】

Earnings Report

HAMAMATSU PHOTONICS K.K. <6965> [TSE Prime] announced its financial results after the market closed on May 9th (16:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending September 2025 (October 2024 to March 2025) dropped 43.7% from the same period last year to 12.1 billion yen. The progress rate toward the full-year plan of 26.5 billion yen was 45.6%, also falling below the five-year average of 52.6%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the April to September period (2H) is expected to grow 11.2% from the same period last year, reaching 14.4 billion yen.

In the most recent three-month period, from January to March (2Q), the consolidated ordinary profit decreased to 7.09 billion yen, a 27.1% decrease compared to the same period last year. The operating profit margin significantly dropped from 17.0% in the same period last year to 11.6%.

Kabutan News

Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Oct - Mar, 2022 111,618 31,520 32,502 23,749 76.7 54.7 May 11, 2023 J-GAAP
Oct - Mar, 2023 103,986 20,064 21,521 16,771 54.2 62.4 May 9, 2024 J-GAAP
Oct - Mar, 2024 106,745 10,777 12,127 9,935 33.0 45.6 May 9, 2025 J-GAAP
YoY +2.7% -46.3% -43.7% -40.8% -39.2%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Guidance 110,100 12,100 13,140 9,200 30.8 19 Nov 8, 2024 J-GAAP
Oct - Mar, 2024 Results 106,745 10,777 12,127 9,935 33.0 19 May 9, 2025 J-GAAP
Revision Rate -3.0% -10.9% -7.7% +8.0% +7.0%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 99,975 12,054 12,991 8,374 27.0 19 Nov 8, 2024 J-GAAP
Apr - Sep, 2025 Guidance 112,155 13,323 14,443 8,115 27.2 19 May 9, 2025 J-GAAP
YoY +12.2% +10.5% +11.2% -3.1% +0.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2023 221,445 56,676 59,415 42,825 138.3 38 Nov 10, 2023 J-GAAP
Sep, 2024 203,961 32,118 34,512 25,145 81.2 38 Nov 8, 2024 J-GAAP
Sep, 2025 Guidance 218,900 24,100 26,570 18,050 60.4 38 Nov 8, 2024 J-GAAP
YoY +7.3% -25.0% -23.0% -28.2% -25.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2024 50,474 8,584 9,729 7,826 25.3 17.0 May 9, 2024 J-GAAP
Apr - Jun, 2024 46,562 5,238 6,390 3,640 11.8 11.2 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 53,413 6,816 6,601 4,734 15.3 12.8 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 50,587 4,281 5,030 4,188 13.8 8.5 Feb 6, 2025 J-GAAP
Jan - Mar, 2025 56,158 6,496 7,097 5,747 19.1 11.6 May 9, 2025 J-GAAP
YoY +11.3% -24.3% -27.1% -26.6% -24.6%

Related Articles