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SANSO ELECTRIC CO.,LTD., First Half Ordinary Profit Turns to Loss, July-September Ordinary Profit Turns to Loss

Thu Oct 31, 2024 3:30 pm JST Earnings

6518 SANSO ELECTRIC CO.,LTD. 【J-GAAP】

Earnings Report

SANSO ELECTRIC CO.,LTD. <6518> [TSE-S] announced its financial results after the market closed on October 31st (15:30). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a loss of 76 million yen (compared to a profit of 610 million yen in the same period last year).

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the October to March period (second half) is expected to turn into a loss of 74 million yen (compared to a profit of 186 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a loss of 25 million yen (compared to a profit of 249 million yen in the same period last year). The operating profit/loss margin drastically worsened from 4.8% in the same period last year to -0.7%.

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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 8,516 429 498 342 75.6 47.2 Oct 31, 2022 J-GAAP
Apr - Sep, 2023 9,360 521 610 425 93.7 76.6 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 7,616 -96 -76 -119 -26.2 ー Oct 31, 2024 J-GAAP
YoY -18.6% － － － －

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 7,616 -96 -76 -119 -26.1 0 Oct 28, 2024 J-GAAP
Apr - Sep, 2024 Results 7,616 -96 -76 -119 -26.2 0 Oct 31, 2024 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% -0.4%

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 8,306 156 186 68 15.0 27 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 7,984 -74 -74 -111 -24.3 25 Oct 28, 2024 J-GAAP
YoY -3.9% － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 18,618 901 1,055 815 180.0 27 May 10, 2023 J-GAAP
Mar, 2024 17,666 677 796 493 108.5 27 May 9, 2024 J-GAAP
Mar, 2025 Guidance 15,600 -170 -150 -230 -50.4 25 Oct 28, 2024 J-GAAP
YoY -11.7% － － － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 4,681 223 249 179 39.5 4.8 Oct 31, 2023 J-GAAP
Oct - Dec, 2023 4,379 165 178 117 25.8 3.8 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 3,927 -9 8 -49 -10.8 -0.2 May 9, 2024 J-GAAP
Apr - Jun, 2024 3,612 -66 -51 -54 -11.9 -1.8 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 4,004 -30 -25 -65 -14.3 -0.7 Oct 31, 2024 J-GAAP
YoY -14.5% － － － －

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