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SHIBAURA MACHINE CO., LTD., The Current Fiscal Year Ordinary Profit Revised Upward by 5%

Tue Nov 12, 2024 4:00 pm JST Earnings

6104 SHIBAURA MACHINE CO., LTD. 【J-GAAP】

Earnings Report

SHIBAURA MACHINE CO., LTD. <6104> [TSE-P] announced its financial results after the market closed on November 12th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 11.4% from the same period last year to 8 billion yen.

However, the full-year consolidated ordinary profit has been revised upward by 4.8%, from the previous forecast of 12.6 billion yen to 13.2 billion yen (compared to 14.6 billion yen in the previous period), and the declining rate is expected to decrease from 13.7% to 9.6%.

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 October to March period (second half) is expected to decrease by 6.7% from the same period last year to 5.19 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 3.6 billion yen, a 35.7% decrease compared to the same period last year. The operating profit margin decreased from 11.7% in the same period last year to 10.1%.

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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 58,952 1,670 2,156 1,847 76.5 40.8 Nov 9, 2022 J-GAAP
Apr - Sep, 2023 81,915 8,164 9,035 14,359 594.2 61.9 Nov 8, 2023 J-GAAP
Apr - Sep, 2024 86,823 8,434 8,003 8,598 359.4 60.6 Nov 12, 2024 J-GAAP
YoY +6.0% +3.3% -11.4% -40.1% -39.5%

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 85,000 6,500 5,600 6,900 292.1 70 Jun 24, 2024 J-GAAP
Apr - Sep, 2024 Results 86,823 8,434 8,003 8,598 359.4 70 Nov 12, 2024 J-GAAP
Revision Rate +2.1% +29.8% +42.9% +24.6% +23.0%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 170,000 14,000 12,600 9,200 389.3 140 May 13, 2024 J-GAAP
Mar, 2025 New 170,000 14,000 13,200 11,700 495.1 140 Nov 12, 2024 J-GAAP
Revision Rate 0.0% 0.0% +4.8% +27.2% +27.2%

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 78,738 5,450 5,569 3,561 147.4 70 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 83,177 5,566 5,197 3,102 131.3 70 Nov 12, 2024 J-GAAP
YoY +5.6% +2.1% -6.7% -12.9% -10.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 123,197 5,765 5,279 6,441 266.6 107.50 May 15, 2023 J-GAAP
Mar, 2024 160,653 13,614 14,604 17,920 741.6 140 May 13, 2024 J-GAAP
Mar, 2025 Guidance 170,000 14,000 13,200 11,700 495.1 140 Nov 12, 2024 J-GAAP
YoY +5.8% +2.8% -9.6% -34.7% -33.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 47,161 5,539 5,607 11,667 482.8 11.7 Nov 8, 2023 J-GAAP
Oct - Dec, 2023 27,633 1,490 1,548 1,020 42.2 5.4 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 51,105 3,960 4,021 2,541 105.2 7.7 May 13, 2024 J-GAAP
Apr - Jun, 2024 42,374 3,955 4,400 2,919 121.3 9.3 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 44,449 4,479 3,603 5,679 237.4 10.1 Nov 12, 2024 J-GAAP
YoY -5.8% -19.1% -35.7% -51.3% -50.8%

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