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TOKYO ELECTRON DEVICE, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 18%, Oct-Dec Ordinary Profit Decreases by 48%

Fri Jan 31, 2025 3:30 pm JST Earnings

2760 TOKYO ELECTRON DEVICE LIMITED 【J-GAAP】

Earnings Report

TOKYO ELECTRON DEVICE LIMITED <2760> [TSE Prime] announced its financial results after the market closed on January 31st (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 18.3% from the same period last year to 7.93 billion yen. The progress rate toward the full-year plan of 12.7 billion yen was 62.5%, almost the same as the five-year average of 61.7%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to grow 13.3% from the same period last year, reaching 4.76 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit dropped to 1.78 billion yen, a 48.4% decrease compared to the same period last year. The operating profit margin worsened from 6.2% in the same period last year to 5.1%.

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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
Apr - Dec, 2022 175,896 10,409 8,493 5,901 198.4 68.1 Jan 30, 2023 J-GAAP
Apr - Dec, 2023 179,748 10,860 9,717 7,070 236.3 69.8 Feb 2, 2024 J-GAAP
Apr - Dec, 2024 162,096 8,858 7,935 5,574 185.3 62.5 Jan 31, 2025 J-GAAP
YoY -9.8% -18.4% -18.3% -21.2% -21.6%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2023 123,190 8,275 7,669 5,435 181.5 74 Apr 30, 2024 J-GAAP
Oct - Mar, 2024 Guidance 118,288 ー 6,553 4,395 145.8 65 Nov 1, 2024 J-GAAP
YoY -4.0% － -14.6% -19.1% -19.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 240,350 14,227 12,478 8,778 294.8 118.33 Apr 27, 2023 J-GAAP
Mar, 2024 242,888 15,428 13,922 9,986 333.5 135 Apr 30, 2024 J-GAAP
Mar, 2025 Guidance 230,000 ー 12,700 8,700 288.6 117 Apr 30, 2024 J-GAAP
YoY -5.3% － -8.8% -12.9% -13.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 60,050 3,707 3,464 2,519 84.2 6.2 Feb 2, 2024 J-GAAP
Jan - Mar, 2024 63,140 4,568 4,205 2,916 97.4 7.2 Apr 30, 2024 J-GAAP
Apr - Jun, 2024 56,607 4,252 3,614 2,494 83.1 7.5 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 55,105 2,040 2,533 1,811 60.2 3.7 Nov 1, 2024 J-GAAP
Oct - Dec, 2024 50,384 2,566 1,788 1,269 42.2 5.1 Jan 31, 2025 J-GAAP
YoY -16.1% -30.8% -48.4% -49.6% -49.9%

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