Shinko Wire, The Current Fiscal Year Ordinary Profit Revised Upward to an Unexpected 3% Increase, Dividend Revised Upward by 10 yen

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Fri Feb 7, 2025 1:30 pm JST Earnings

5660 Shinko Wire Company, Ltd. 【J-GAAP】

Earnings Report

Shinko Wire Company, Ltd. <5660> [TSE Std] announced its financial results in the afternoon session on February 7th (13:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 23.7% from the same period last year, reaching 1.1 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward 15.8%, from the previous forecast of 0.95 billion yen to 1.1 billion yen (compared to 1.06 billion yen in the previous period), turning to a 3.2% increase in the consolidated ordinary profit outlook.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) has been revised upward 56.8%, from the previous forecast of 0.26 billion yen to 0.41 billion yen (compared to 0.49 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 46.6% to 16.2%.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 40 yen to 50 yen (compared to 50 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 30.6% from the same period last year, reaching 0.41 billion yen. The operating profit margin improved from 3.9% in the same period last year to 4.5%.

Kabutan News

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	23,170	821	929	757	128.1	89.0	Feb 9, 2023	J-GAAP
Apr - Dec, 2023	24,097	845	889	748	126.7	83.4	Feb 8, 2024	J-GAAP
Apr - Dec, 2024	25,545	1,032	1,100	849	143.8	100.0	Feb 7, 2025	J-GAAP
YoY	+6.0%	+22.1%	+23.7%	+13.5%	+13.5%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2024 Prev	17,858	308	264	158	26.7	10	Nov 7, 2024	J-GAAP
Oct - Mar, 2024 New	17,858	408	414	338	57.2	20	Feb 7, 2025	J-GAAP
Revision Rate	0.0%	+32.5%	+56.8%	+113.9%	+113.9%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	34,800	950	950	670	113.4	40	Nov 7, 2024	J-GAAP
Mar, 2025 New	34,800	1,050	1,100	850	143.8	50	Feb 7, 2025	J-GAAP
Revision Rate	0.0%	+10.5%	+15.8%	+26.9%	+26.9%

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	16,834	495	494	455	77.0	25	May 9, 2024	J-GAAP
Oct - Mar, 2024 Guidance	17,858	408	414	338	57.2	20	Feb 7, 2025	J-GAAP
YoY	+6.1%	-17.6%	-16.2%	-25.7%	-25.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	31,280	938	1,044	832	140.9	45	May 10, 2023	J-GAAP
Mar, 2024	32,726	1,023	1,066	906	153.3	50	May 9, 2024	J-GAAP
Mar, 2025 Guidance	34,800	1,050	1,100	850	143.8	50	Feb 7, 2025	J-GAAP
YoY	+6.3%	+2.6%	+3.2%	-6.2%	-6.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	8,205	317	317	297	50.3	3.9	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	8,629	178	177	158	26.7	2.1	May 9, 2024	J-GAAP
Apr - Jun, 2024	8,324	308	354	173	29.4	3.7	Aug 6, 2024	J-GAAP
Jul - Sep, 2024	8,618	334	332	339	57.5	3.9	Nov 7, 2024	J-GAAP
Oct - Dec, 2024	8,603	390	414	337	57.1	4.5	Feb 7, 2025	J-GAAP
YoY	+4.9%	+23.0%	+30.6%	+13.5%	+13.4%