Japan Display, Apr-Dec (Cumulative 3Q) Net Income Loss Widens, Oct-Dec Net Income Loss Widens

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Thu Feb 13, 2025 3:30 pm JST Earnings

6740 Japan Display Inc. 【J-GAAP】

Earnings Report

Japan Display Inc. <6740> [TSE Prime] announced its financial results after the market closed on February 13th (15:30). The consolidated net loss for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded to a loss of 48.7 billion yen (compared to a loss of 37.9 billion 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 consolidated net income/loss for the January to March period (4Q) is expected to turn into a loss of 13.2 billion yen (compared to a profit of 4.79 billion yen in the same period last year).

In the most recent three-month period, from October to December (3Q), the consolidated net loss expanded to a loss of 31.9 billion yen (compared to a loss of 9.27 billion yen in the same period last year). The operating profit/loss margin drastically worsened from -10.3% in the same period last year to -20.4%.

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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	208,032	-22,380	-20,988	-17,384	-3.7	ー	Feb 10, 2023	J-GAAP
Apr - Dec, 2023	180,374	-27,664	-26,448	-37,984	-6.1	ー	Feb 9, 2024	J-GAAP
Apr - Dec, 2024	143,460	-23,735	-26,047	-48,770	-7.9	ー	Feb 13, 2025	J-GAAP
YoY	-20.5%	+14.2%	+1.5%	-28.4%	-28.3%

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	119,271	-12,704	-15,032	-4,481	-1.0	0	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	77,087	-16,219	-19,469	-45,247	-11.7	0	Feb 12, 2025	J-GAAP
YoY	-35.4%	-27.7%	-29.5%	-909.8%	-1,102.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	270,746	-44,386	-42,924	-25,818	-5.5	0	May 12, 2023	J-GAAP
Mar, 2024	239,153	-34,145	-34,145	-33,188	-7.2	0	May 13, 2024	J-GAAP
Mar, 2025 Guidance	180,000	-31,700	-36,800	-62,068	-16.0	0	Feb 12, 2025	J-GAAP
YoY	-24.7%	+7.2%	-7.8%	-87.0%	-123.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	60,492	-6,223	-7,335	-9,277	-1.5	-10.3	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	58,779	-6,481	-7,697	4,796	1.0	-11.0	May 13, 2024	J-GAAP
Apr - Jun, 2024	55,917	-7,043	-7,855	-6,504	-1.1	-12.6	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	46,996	-8,438	-9,476	-10,317	-1.7	-18.0	Nov 13, 2024	J-GAAP
Oct - Dec, 2024	40,547	-8,254	-8,716	-31,949	-5.2	-20.4	Feb 13, 2025	J-GAAP
YoY	-33.0%	-32.6%	-18.8%	-244.4%	-244.0%