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YUSHIN PRECISION EQUIPMENT CO.,LTD., First Half Ordinary Profit Decreases by 12%

Thu Nov 14, 2024 3:30 pm JST Earnings

6482 Yushin Company 【J-GAAP】

Earnings Report

YUSHIN PRECISION EQUIPMENT CO.,LTD. <6482> [TSE-S] announced its financial results after the market closed on November 14th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 12.1% from the same period last year to 738 million yen. The progress rate against the 2.6 billion yen full-year plan was 28.4%, also falling below the five-year average of 42.2%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow by 6.6% from the same period last year, reaching 1.86 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit amounted to 575 million yen, a 1.5% decrease compared to the same period last year. However, the operating profit margin rose from 10.4% in the same period last year to 12.1%.

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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 10,355 1,078 1,251 884 26.0 44.9 Nov 4, 2022 J-GAAP
Apr - Sep, 2023 9,975 693 840 539 15.9 32.5 Nov 6, 2023 J-GAAP
Apr - Sep, 2024 12,133 911 738 534 15.7 28.4 Nov 14, 2024 J-GAAP
YoY +21.6% +31.5% -12.1% -0.9% -1.0%

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 ー ー ー ー － 10 May 15, 2024 J-GAAP
Apr - Sep, 2024 Results 12,133 911 738 534 15.7 10 Nov 14, 2024 J-GAAP
Revision Rate － － － － －

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 13,640 1,744 1,746 1,153 33.9 10 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 13,367 1,689 1,862 1,266 37.2 10 Nov 14, 2024 J-GAAP
YoY -2.0% -3.2% +6.6% +9.8% +9.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 22,373 2,639 2,787 1,922 56.5 30 May 10, 2023 J-GAAP
Mar, 2024 23,615 2,437 2,586 1,692 49.7 20 May 15, 2024 J-GAAP
Mar, 2025 Guidance 25,500 2,600 2,600 1,800 52.9 20 May 15, 2024 J-GAAP
YoY +8.0% +6.7% +0.5% +6.4% +6.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 5,307 550 584 410 12.1 10.4 Nov 6, 2023 J-GAAP
Oct - Dec, 2023 6,436 616 581 381 11.2 9.6 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 7,204 1,128 1,165 772 22.7 15.7 May 15, 2024 J-GAAP
Apr - Jun, 2024 5,589 122 163 103 3.1 2.2 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 6,544 789 575 431 12.7 12.1 Nov 14, 2024 J-GAAP
YoY +23.3% +43.5% -1.5% +5.1% +5.0%

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