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Canare Electric, First Half Ordinary Profit Unexpectedly Revised Upward by 30%

Wed Jul 30, 2025 4:00 pm JST Earnings

5819 Canare Electric Co., Ltd. 【J-GAAP】

Earnings Report

Canare Electric Co., Ltd. <5819> [TSE Std] announced its financial results after the market closed on July 30th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending December 2025 (January to June) increased 29.8% from the same period last year, reaching 0.93 billion yen, resulting in an increase in profits compared to the previous forecast of a 13.8% decrease.

Progress toward the full-year plan of 1.48 billion yen was 63.0%, also surpassing the five-year average of 43.5%.

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 July to December period (second half) is expected to decrease 24.9% from the same period last year to 0.54 billion yen.

In the most recent three-month period, from April to June (2Q), the consolidated ordinary profit increased 42.5% from the same period last year, reaching 0.41 billion yen. The operating profit margin significantly improved from 8.7% in the same period last year to 12.4%.

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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
Jan - Jun, 2023 5,885 663 719 518 76.7 41.3 Jul 28, 2023 J-GAAP
Jan - Jun, 2024 6,028 642 719 502 73.9 49.7 Jul 30, 2024 J-GAAP
Jan - Jun, 2025 6,452 893 933 646 94.8 63.0 Jul 30, 2025 J-GAAP
YoY +7.0% +39.1% +29.8% +28.7% +28.3%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2025 Guidance 6,210 590 620 440 64.3 28 Jan 30, 2025 J-GAAP
Jan - Jun, 2025 Results 6,452 893 933 646 94.8 28 Jul 30, 2025 J-GAAP
Revision Rate +3.9% +51.4% +50.5% +46.8% +47.4%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 6,355 747 728 537 78.9 29 Jan 30, 2025 J-GAAP
Jul - Dec, 2025 Guidance 6,468 537 547 404 59.1 29 Jul 30, 2025 J-GAAP
YoY +1.8% -28.1% -24.9% -24.8% -25.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 12,872 1,668 1,739 1,188 175.3 62 Jan 26, 2024 J-GAAP
Dec, 2024 12,383 1,389 1,447 1,039 152.6 57 Jan 30, 2025 J-GAAP
Dec, 2025 Guidance 12,920 1,430 1,480 1,050 153.5 57 Jan 30, 2025 J-GAAP
YoY +4.3% +3.0% +2.3% +1.1% +0.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Apr - Jun, 2024 2,856 248 294 160 23.5 8.7 Jul 30, 2024 J-GAAP
Jul - Sep, 2024 2,928 392 354 314 46.1 13.4 Oct 30, 2024 J-GAAP
Oct - Dec, 2024 3,427 355 374 223 32.8 10.4 Jan 30, 2025 J-GAAP
Jan - Mar, 2025 3,339 508 514 387 56.8 15.2 Apr 25, 2025 J-GAAP
Apr - Jun, 2025 3,113 385 419 259 38.0 12.4 Jul 30, 2025 J-GAAP
YoY +9.0% +55.2% +42.5% +61.9% +61.4%

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