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SEIRYO ELECTRIC CORPORATION, First Half Ordinary Profit Loss Widens, July-September Ordinary Profit Turns to Loss

Fri Nov 1, 2024 2:00 pm JST Earnings

4341 SEIRYO ELECTRIC CORPORATION 【J-GAAP】

Earnings Report

SEIRYO ELECTRIC CORPORATION <4341> [TSE-S] announced its financial results in the afternoon session on November 1st (14:00). The consolidated ordinary loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to a loss of 275 million yen (compared to a loss of 178 million yen in the same period last year).

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 October to March period (second half) is expected to grow by 24.7% from the same period last year, reaching 475 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a loss of 34 million yen (compared to a profit of 60 million yen in the same period last year). The operating profit/loss margin worsened from 1.3% in the same period last year to -0.8%.

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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
Apr - Sep, 2022 6,873 -323 -323 -114 -32.7 ー Nov 4, 2022 J-GAAP
Apr - Sep, 2023 7,285 -181 -178 -182 -52.2 ー Nov 2, 2023 J-GAAP
Apr - Sep, 2024 7,738 -276 -275 -361 -103.4 ー Nov 1, 2024 J-GAAP
YoY +6.2% -52.5% -54.5% -98.4% -98.0%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Guidance ー ー ー ー － － May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 7,738 -276 -275 -361 -103.4 0 Nov 1, 2024 J-GAAP
Revision Rate － － － － －

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 11,204 376 381 466 133.7 40 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 11,262 476 475 471 134.7 － Nov 1, 2024 J-GAAP
YoY +0.5% +26.6% +24.7% +1.1% +0.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 17,024 10 14 -326 -93.4 10 May 12, 2023 J-GAAP
Mar, 2024 18,489 195 203 284 81.5 40 May 14, 2024 J-GAAP
Mar, 2025 Guidance 19,000 200 200 110 31.5 － May 14, 2024 J-GAAP
YoY +2.8% +2.6% -1.5% -61.3% -61.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 4,449 60 60 60 17.2 1.3 Nov 2, 2023 J-GAAP
Oct - Dec, 2023 4,396 142 154 118 34.1 3.2 Feb 2, 2024 J-GAAP
Jan - Mar, 2024 6,808 234 227 348 99.8 3.4 May 14, 2024 J-GAAP
Apr - Jun, 2024 3,415 -243 -241 -331 -94.8 -7.1 Aug 2, 2024 J-GAAP
Jul - Sep, 2024 4,323 -33 -34 -30 -8.6 -0.8 Nov 1, 2024 J-GAAP
YoY -2.8% － － － －

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