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SK-Electronics, The Current Fiscal Year Ordinary Profit Revised Upward by 3%, Dividend Revised Upward by 4 yen

Mon May 12, 2025 3:30 pm JST Earnings

6677 SK-Electronics CO.,LTD. 【J-GAAP】

Earnings Report

SK-Electronics CO.,LTD. <6677> [TSE Std] announced its financial results after the market closed on May 12th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending September 2025 (October 2024 to March 2025) surged 2.8 times that of the same period last year, reaching 2.3 billion yen, exceeded the previous forecast of 2 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward 2.7%, from the previous forecast of 3.7 billion yen to 3.8 billion yen (compared to 3.05 billion yen in the previous period), increasing the growth rate from 21.1% to 24.3%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the April to September period (2H) is expected to drop 32.8% from the same period last year to 1.49 billion yen.

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 124 yen to 128 yen (compared to 109 yen in the previous period).

In the most recent three-month period, from January to March (2Q), the consolidated ordinary profit increased 38.2% from the same period last year, reaching 0.81 billion yen. The operating profit margin drastically improved from 7.2% in the same period last year to 13.0%.

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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 13,885 2,473 2,207 1,394 134.3 43.9 May 15, 2023 J-GAAP
Oct - Mar, 2023 12,149 852 833 634 61.1 27.3 May 13, 2024 J-GAAP
Oct - Mar, 2024 14,276 2,139 2,307 1,662 160.1 60.7 May 12, 2025 J-GAAP
YoY +17.5% +151.1% +177.0% +162.1% +162.2%

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 13,400 1,700 2,000 1,400 134.8 0 Feb 10, 2025 J-GAAP
Oct - Mar, 2024 Results 14,276 2,139 2,307 1,662 160.1 0 May 12, 2025 J-GAAP
Revision Rate +6.5% +25.8% +15.4% +18.7% +18.7%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2025 Prev 29,000 3,400 3,700 2,600 250.4 124 Feb 10, 2025 J-GAAP
Sep, 2025 New 29,000 3,600 3,800 2,700 260.0 128 May 12, 2025 J-GAAP
Revision Rate 0.0% +5.9% +2.7% +3.8% +3.8%

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 13,578 2,207 2,223 1,657 159.6 109 Nov 11, 2024 J-GAAP
Apr - Sep, 2025 Guidance 14,724 1,461 1,493 1,038 100.0 128 May 12, 2025 J-GAAP
YoY +8.4% -33.8% -32.8% -37.4% -37.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2023 28,113 4,779 5,022 3,384 326.0 162 Nov 13, 2023 J-GAAP
Sep, 2024 25,727 3,059 3,056 2,291 220.7 109 Nov 11, 2024 J-GAAP
Sep, 2025 Guidance 29,000 3,600 3,800 2,700 260.0 128 May 12, 2025 J-GAAP
YoY +12.7% +17.7% +24.3% +17.9% +17.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2024 5,702 410 591 486 46.8 7.2 May 13, 2024 J-GAAP
Apr - Jun, 2024 7,482 1,413 1,555 1,109 106.9 18.9 Aug 13, 2024 J-GAAP
Jul - Sep, 2024 6,096 794 668 548 52.8 13.0 Nov 11, 2024 J-GAAP
Oct - Dec, 2024 7,037 1,195 1,490 1,059 102.0 17.0 Feb 10, 2025 J-GAAP
Jan - Mar, 2025 7,239 944 817 603 58.1 13.0 May 12, 2025 J-GAAP
YoY +27.0% +130.2% +38.2% +24.1% +24.1%

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