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Howa Machinery, The Current Fiscal Year Ordinary Profit Revised Upward by 58%

Fri Feb 14, 2025 3:00 pm JST Earnings

6203 Howa Machinery, Ltd. 【J-GAAP】

Earnings Report

Howa Machinery, Ltd. <6203> [TSE Std] announced its financial results in the afternoon session on February 14th (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) surged 4.4 times that of the same period last year, reaching 1.19 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward 58.2%, from the previous forecast of 0.79 billion yen to 1.25 billion yen (compared to 0.46 billion yen in the previous period), increasing the growth rate from 69.5% to 2.7 times.

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) is expected to increase 13 times, from the previous forecast of 0.04 billion yen to 0.5 billion yen (compared to 0.2 billion yen in the same period of the previous year), turning to a 2.4 times increase in the consolidated ordinary profit outlook.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit surged 37 times that of the same period last year, reaching 0.44 billion yen. The operating profit margin drastically improved from 0.7% in the same period last year to 6.8%.

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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 13,358 358 545 467 38.8 87.6 Feb 14, 2023 J-GAAP
Apr - Dec, 2023 14,423 196 270 212 17.6 57.9 Feb 14, 2024 J-GAAP
Apr - Dec, 2024 16,563 1,033 1,195 850 70.5 95.6 Feb 14, 2025 J-GAAP
YoY +14.8% +427.0% +342.6% +300.9% +300.6%

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 13,387 122 40 133 11.0 20 Nov 8, 2024 J-GAAP
Oct - Mar, 2024 New 13,387 482 500 323 26.8 20 Feb 14, 2025 J-GAAP
Revision Rate 0.0% +295.1% +1,150.0% +142.9% +142.8%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 24,100 760 790 680 56.4 20 May 15, 2024 J-GAAP
Mar, 2025 New 24,100 1,120 1,250 870 72.1 20 Feb 14, 2025 J-GAAP
Revision Rate 0.0% +47.4% +58.2% +27.9% +27.9%

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 9,815 222 208 -1,084 -90.0 20 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 13,387 482 500 323 26.8 20 Feb 14, 2025 J-GAAP
YoY +36.4% +117.1% +140.4% － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 19,738 452 622 524 43.6 20 May 15, 2023 J-GAAP
Mar, 2024 19,786 388 466 -873 -72.5 20 May 15, 2024 J-GAAP
Mar, 2025 Guidance 24,100 1,120 1,250 870 72.1 20 Feb 14, 2025 J-GAAP
YoY +21.8% +188.7% +168.2% － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 4,452 30 12 1 0.1 0.7 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 5,363 192 196 -1,085 -90.1 3.6 May 15, 2024 J-GAAP
Apr - Jun, 2024 4,558 128 264 201 16.7 2.8 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 6,155 510 486 346 28.7 8.3 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 5,850 395 445 303 25.2 6.8 Feb 14, 2025 J-GAAP
YoY +31.4% +1,216.7% +3,608.3% +30,200.0% +31,337.5%

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