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MIYAIRI VALVE MFG, Apr-Dec (Cumulative 3Q) Net Income Turns to Loss, Oct-Dec Net Income Decreases by 32%

Fri Feb 7, 2025 4:30 pm JST Earnings

6495 MIYAIRI VALVE MFG.CO., LTD. 【J-GAAP】

Earnings Report

MIYAIRI VALVE MFG.CO., LTD. <6495> [TSE Std] announced its financial results after the market closed on February 7th (16:30). The net income/loss (non-consolidated) for the cumulative third quarter of the fiscal year ending March 2025 (April to December) turned into a loss of 70 million yen (compared to a profit of 145 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 net income for the January to March period (4Q) is expected to surge 2.3 times that of the same period last year, reaching 70 million yen.

In the most recent three-month period, from October to December (3Q), the net income dropped to 44 million yen, a 32.3% decrease compared to the same period last year. The operating profit margin worsened from 4.1% in the same period last year to 3.3%.

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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 4,722 177 163 122 2.5 63.4 Feb 13, 2023 J-GAAP
Apr - Dec, 2023 4,532 181 179 145 3.0 86.1 Feb 13, 2024 J-GAAP
Apr - Dec, 2024 5,081 76 71 -70 -1.5 44.4 Feb 7, 2025 J-GAAP
YoY +12.1% -58.0% -60.3% － －

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 3,315 98 97 96 2.0 2 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 2,987 166 147 114 0.0 2 Nov 8, 2024 J-GAAP
YoY -9.9% +69.4% +51.5% +18.8% －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 6,331 264 257 233 4.9 2 May 15, 2023 J-GAAP
Mar, 2024 6,157 210 208 176 3.7 2 May 15, 2024 J-GAAP
Mar, 2025 Guidance 6,200 180 160 0 0.0 2 Jun 27, 2024 J-GAAP
YoY +0.7% -14.3% -23.1% － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 1,690 69 68 65 1.4 4.1 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 1,625 29 29 31 0.7 1.8 May 15, 2024 J-GAAP
Apr - Jun, 2024 1,551 26 26 -129 -2.7 1.7 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 1,662 -12 -13 15 0.3 -0.7 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 1,868 62 58 44 0.9 3.3 Feb 7, 2025 J-GAAP
YoY +10.5% -10.1% -14.7% -32.3% -32.4%

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