kabutan

SANYO DENKI CO.,LTD., First Half Net Income Decreases by 72%, July-September Net Income Decreases by 90%

Thu Oct 31, 2024 11:00 am JST Earnings

6516 SANYO DENKI CO.,LTD. 【IFRS】

Earnings Report

SANYO DENKI CO.,LTD. <6516> [TSE-P] announced its financial results (based on IFRS) in the morning on October 31st (11:00). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2025 (April to September) significantly dropped by 72.4% from the same period last year to 1.6 billion yen. The progress rate against the 4.7 billion yen full-year plan was 34.0%, also falling below the five-year average of 41.3%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to drop by 33.8% from the same period last year to 3.1 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income significantly dropped to 240 million yen, a 89.8% decrease compared to the same period last year. The operating profit margin significantly dropped from 10.6% in the same period last year to 6.8%.

Kabutan News

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 58,836 6,648 8,203 6,253 172.3 57.7 Oct 31, 2022 IFRS
Apr - Sep, 2023 60,654 6,923 8,282 5,796 159.6 62.2 Oct 31, 2023 IFRS
Apr - Sep, 2024 46,526 3,046 2,575 1,600 44.8 40.9 Oct 31, 2024 IFRS
YoY -23.3% -56.0% -68.9% -72.4% -72.0%

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 46,526 3,046 2,575 1,600 44.7 25 Oct 30, 2024 IFRS
Apr - Sep, 2024 Results 46,526 3,046 2,575 1,600 44.8 25 Oct 31, 2024 IFRS
Revision Rate 0.0% 0.0% 0.0% 0.0% +0.1%

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 52,250 4,888 5,041 4,681 129.2 25 Apr 25, 2024 IFRS
Oct - Mar, 2024 Guidance 49,574 3,554 3,725 3,100 86.6 25 Oct 30, 2024 IFRS
YoY -5.1% -27.3% -26.1% -33.8% -33.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 120,803 13,421 14,226 11,410 314.3 45 Apr 27, 2023 IFRS
Mar, 2024 112,904 11,811 13,323 10,477 289.2 48.33 Apr 25, 2024 IFRS
Mar, 2025 Guidance 96,100 6,600 6,300 4,700 131.3 50 Oct 30, 2024 IFRS
YoY -14.9% -44.1% -52.7% -55.1% -54.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 29,593 3,123 3,465 2,349 64.7 10.6 Oct 31, 2023 IFRS
Oct - Dec, 2023 25,902 2,751 2,381 2,018 55.6 10.6 Jan 31, 2024 IFRS
Jan - Mar, 2024 26,348 2,137 2,660 2,663 73.5 8.1 Apr 25, 2024 IFRS
Apr - Jun, 2024 23,158 1,453 2,125 1,360 38.1 6.3 Jul 31, 2024 IFRS
Jul - Sep, 2024 23,368 1,593 450 240 6.7 6.8 Oct 31, 2024 IFRS
YoY -21.0% -49.0% -87.0% -89.8% -89.6%

Related Articles