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Meiji Machine, Apr-Dec (Cumulative 3Q) Net Income Turns to Loss, Oct-Dec Net Income Decreases by 60%

Thu Feb 13, 2025 4:00 pm JST Earnings

6334 Meiji Machine Co.,Ltd. 【J-GAAP】

Earnings Report

Meiji Machine Co.,Ltd. <6334> [TSE Std] announced its financial results after the market closed on February 13th (16:00). The consolidated net income/loss for the cumulative third quarter of the fiscal year ending March 2025 (April to December) turned into a loss of 211 million yen (compared to a profit of 96 million yen in the same period last year).

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the January to March period (4Q) is expected to expand 46.3% from the same period last year, reaching 319 million yen.

In the most recent three-month period, from October to December (3Q), the consolidated net income significantly dropped to 84 million yen, a 60.2% decrease compared to the same period last year. The operating profit margin sharply declined from 13.6% in the same period last year to 6.3%.

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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 4,707 147 185 1,631 143.3 80.1 Feb 13, 2023 J-GAAP
Apr - Dec, 2023 3,085 52 71 96 8.5 26.8 Feb 13, 2024 J-GAAP
Apr - Dec, 2024 3,858 -67 -31 -211 -18.9 ー Feb 13, 2025 J-GAAP
YoY +25.1% － － － －

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 3,399 411 408 429 38.1 4 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 3,659 443 414 403 37.9 4 Nov 12, 2024 J-GAAP
YoY +7.6% +7.8% +1.5% -6.1% -0.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 6,306 188 231 1,764 155.0 2 May 12, 2023 J-GAAP
Mar, 2024 4,896 247 265 314 27.9 4 May 13, 2024 J-GAAP
Mar, 2025 Guidance 6,000 280 280 108 10.2 4 Nov 12, 2024 J-GAAP
YoY +22.5% +13.4% +5.7% -65.6% -63.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 1,588 216 214 211 18.8 13.6 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 1,811 195 194 218 19.4 10.8 May 13, 2024 J-GAAP
Apr - Jun, 2024 946 -116 -107 -119 -10.7 -12.3 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 1,395 -47 -27 -176 -15.8 -3.4 Nov 12, 2024 J-GAAP
Oct - Dec, 2024 1,517 96 103 84 7.5 6.3 Feb 13, 2025 J-GAAP
YoY -4.5% -55.6% -51.9% -60.2% -59.8%

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