Shirai Electronics Industrial Co.,Ltd., First Half Ordinary Profit Increases by 2%

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Wed Nov 13, 2024 3:30 pm JST Earnings

6658 Shirai Electronics Industrial Co.,Ltd. 【J-GAAP】

Earnings Report

Shirai Electronics Industrial Co.,Ltd. <6658> [TSE-S] announced its financial results after the market closed on November 13th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was 1.26 billion yen, a 1.5% increase compared to the same period last year. The progress rate against the 2.2 billion yen full-year plan was 57.3%, also surpassing the five-year average of 49.5%.

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 2.2% from the same period last year, reaching 940 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit amounted to 689 million yen, a 2.1% decrease compared to the same period last year. However, the operating profit margin remained almost flat, changing from 8.0% in the same period last year to 8.2%.

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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	16,836	1,441	1,317	1,139	82.2	52.6	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	14,923	1,288	1,241	879	63.3	57.4	Nov 13, 2023	J-GAAP
Apr - Sep, 2024	14,315	1,183	1,260	948	62.9	57.3	Nov 13, 2024	J-GAAP
YoY	-4.1%	-8.2%	+1.5%	+7.8%	-0.6%

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	ー	ー	ー	ー	－	0	May 14, 2024	J-GAAP
Apr - Sep, 2024 Results	14,315	1,183	1,260	948	62.9	0	Nov 13, 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	13,910	1,019	920	608	42.9	26	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	14,685	1,217	940	552	36.6	30	Nov 13, 2024	J-GAAP
YoY	+5.6%	+19.4%	+2.2%	-9.2%	-14.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	32,864	2,833	2,504	2,063	148.8	22	May 12, 2023	J-GAAP
Mar, 2024	28,833	2,307	2,161	1,487	105.0	26	May 14, 2024	J-GAAP
Mar, 2025 Guidance	29,000	2,400	2,200	1,500	99.3	30	May 14, 2024	J-GAAP
YoY	+0.6%	+4.0%	+1.8%	+0.9%	-5.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	8,148	648	704	549	39.5	8.0	Nov 13, 2023	J-GAAP
Oct - Dec, 2023	7,605	632	619	474	33.9	8.3	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	6,305	387	301	134	9.5	6.1	May 14, 2024	J-GAAP
Apr - Jun, 2024	6,775	565	571	360	24.0	8.3	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	7,540	618	689	588	39.0	8.2	Nov 13, 2024	J-GAAP
YoY	-7.5%	-4.6%	-2.1%	+7.1%	-1.3%