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DIAMOND ELECTRIC, The Current Fiscal Year Ordinary Profit Revised Upward by 3.3 times

Fri Feb 14, 2025 3:00 pm JST Earnings

6699 DIAMOND ELECTRIC HOLDINGS Co.,Ltd. 【J-GAAP】

Earnings Report

DIAMOND ELECTRIC HOLDINGS Co.,Ltd. <6699> [TSE Prime] announced its financial results in the afternoon session on February 14th (15:00). The consolidated ordinary profit/loss for the cumulative third quarter of the fiscal year ending March 2025 (April to December) turned into a profit of 1.12 billion yen (compared to a loss of 0.14 billion yen in the same period last year).

In addition, the full-year consolidated ordinary profit has been revised upward 3.3 times, from the previous forecast of 0.15 billion yen to 0.5 billion yen (compared to 1.31 billion yen in the previous period), and the declining rate is expected to decrease from 88.6% to 61.9%.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) is expected to increase 41.0%, from the previous forecast of 0.85 billion yen to 1.2 billion yen (compared to 0.81 billion yen in the same period of the previous year), increasing the growth rate from 4.3% to 47.0%.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit/loss turned to a profit of 1.83 billion yen (compared to a loss of 0.63 billion yen in the same period last year). The operating profit/loss margin significantly improved from -0.2% in the same period last year to 4.7%.

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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 66,201 -2,011 -1,994 -2,049 -273.2 ー Feb 14, 2023 J-GAAP
Apr - Dec, 2023 68,657 -417 -140 -1,855 -221.7 ー Feb 14, 2024 J-GAAP
Apr - Dec, 2024 67,208 1,081 1,128 3 0.5 225.6 Feb 14, 2025 J-GAAP
YoY -2.1% － － － －

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Prev 43,405 994 854 535 63.9 25 Nov 14, 2024 J-GAAP
Oct - Mar, 2024 New 47,205 1,294 1,204 585 69.8 25 Feb 14, 2025 J-GAAP
Revision Rate +8.8% +30.2% +41.0% +9.3% +9.3%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 87,500 1,000 150 -500 -59.7 25 Nov 14, 2024 J-GAAP
Mar, 2025 New 91,300 1,300 500 -450 -53.7 25 Feb 14, 2025 J-GAAP
Revision Rate +4.3% +30.0% +233.3% +10.0% +10.0%

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 48,356 592 819 -1,709 -204.1 12.50 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 47,205 1,294 1,204 585 69.8 25 Feb 14, 2025 J-GAAP
YoY -2.4% +118.6% +47.0% － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 91,106 -1,187 -817 -1,075 -139.5 25 May 12, 2023 J-GAAP
Mar, 2024 93,334 230 1,313 -1,897 -226.6 12.50 May 15, 2024 J-GAAP
Mar, 2025 Guidance 91,300 1,300 500 -450 -53.7 25 Feb 14, 2025 J-GAAP
YoY -2.2% +465.2% -61.9% +76.3% +76.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 23,679 -55 -634 -1,667 -199.2 -0.2 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 24,677 647 1,453 -42 -5.0 2.6 May 15, 2024 J-GAAP
Apr - Jun, 2024 21,318 6 629 -118 -14.2 0.0 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 22,777 0 -1,333 -917 -109.5 0.0 Nov 14, 2024 J-GAAP
Oct - Dec, 2024 23,113 1,075 1,832 1,038 166.1 4.7 Feb 14, 2025 J-GAAP
YoY -2.4% － － － －

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