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YAMASHIN-FILTER, The Current Fiscal Year Ordinary Profit Revised Upward by 10%, Exceeded Record Profit Forecast

Fri Feb 14, 2025 3:30 pm JST Earnings

6240 YAMASHIN-FILTER CORP. 【J-GAAP】

Earnings Report

YAMASHIN-FILTER CORP. <6240> [TSE Prime] announced its financial results after the market closed on February 14th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) surged 2.2 times that of the same period last year, reaching 2.09 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward 9.6%, from the previous forecast of 2.28 billion yen to 2.49 billion yen (compared to 1.41 billion yen in the previous period), increasing the growth rate from 61.1% to 76.5%. The company has further increased its previous forecast of record profits for the first time in fourteen years.

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 25.8%, from the previous forecast of 0.84 billion yen to 1.06 billion yen (compared to 0.99 billion yen in the same period of the previous year), turning to a 6.5% increase in the consolidated ordinary profit outlook.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 26.5% from the same period last year, reaching 0.66 billion yen. The operating profit margin rose from 11.3% in the same period last year to 13.4%.

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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 14,118 1,067 839 546 7.7 91.7 Feb 6, 2023 J-GAAP
Apr - Dec, 2023 13,307 938 941 637 8.9 66.5 Feb 5, 2024 J-GAAP
Apr - Dec, 2024 14,945 2,051 2,098 1,229 17.4 84.0 Feb 14, 2025 J-GAAP
YoY +12.3% +118.7% +123.0% +92.9% +95.1%

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 9,392 844 845 620 8.7 7 Nov 5, 2024 J-GAAP
Oct - Mar, 2024 New 9,872 1,078 1,063 641 9.0 7 Feb 14, 2025 J-GAAP
Revision Rate +5.1% +27.7% +25.8% +3.4% +3.4%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 19,300 2,220 2,280 1,490 21.0 12 Nov 5, 2024 J-GAAP
Mar, 2025 New 19,780 2,454 2,498 1,511 21.3 12 Feb 14, 2025 J-GAAP
Revision Rate +2.5% +10.5% +9.6% +1.4% +1.4%

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 9,315 991 998 560 7.8 3 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 9,872 1,078 1,063 641 9.0 7 Feb 14, 2025 J-GAAP
YoY +6.0% +8.8% +6.5% +14.5% +15.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 18,605 1,235 915 645 9.0 6 May 15, 2023 J-GAAP
Mar, 2024 18,024 1,411 1,415 786 11.0 6 May 15, 2024 J-GAAP
Mar, 2025 Guidance 19,780 2,454 2,498 1,511 21.3 12 Feb 14, 2025 J-GAAP
YoY +9.7% +73.9% +76.5% +92.2% +93.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 4,598 518 524 411 5.7 11.3 Feb 5, 2024 J-GAAP
Jan - Mar, 2024 4,717 473 474 149 2.1 10.0 May 15, 2024 J-GAAP
Apr - Jun, 2024 4,817 599 559 386 5.5 12.4 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 5,091 777 876 484 6.8 15.3 Nov 5, 2024 J-GAAP
Oct - Dec, 2024 5,037 675 663 359 5.1 13.4 Feb 14, 2025 J-GAAP
YoY +9.5% +30.3% +26.5% -12.7% -11.7%

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