Sharp, The Current Fiscal Year Ordinary Profit Revised Downward by 90%

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Fri Feb 7, 2025 3:30 pm JST Earnings

6753 Sharp Corporation 【J-GAAP】

Earnings Report

Sharp Corporation <6753> [TSE Prime] announced its financial results after the market closed on February 7th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) significantly dropped 87.4% from the same period last year to 0.83 billion yen.

In addition, the full-year consolidated ordinary profit has decreased 90.0%, from the previous forecast of 10 billion yen to 1 billion yen (compared to a loss of 7.08 billion yen in the previous period).

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit/loss for the October to March period (2H) has been revised downward from an expected profit of 8.53 billion yen to a loss of 0.46 billion yen (compared to a loss of 10.1 billion yen in the same period of the previous year), turning to a loss outlook.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit/loss turned to a loss of 0.63 billion yen (compared to a profit of 3.55 billion yen in the same period last year). However, the operating profit margin significantly improved from 0.4% in the same period last year to 3.5%.

Kabutan News

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	1,967,087	-2,524	-1,830	-8,994	-14.1	ー	Feb 7, 2023	J-GAAP
Apr - Dec, 2023	1,764,718	-3,591	6,580	2,021	3.1	ー	Feb 6, 2024	J-GAAP
Apr - Dec, 2024	1,657,960	20,397	831	-3,591	-5.5	83.1	Feb 7, 2025	J-GAAP
YoY	-6.0%	－	-87.4%	－	－

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	1,003,586	9,521	8,534	-17,960	-27.7	－	Nov 12, 2024	J-GAAP
Oct - Mar, 2024 New	1,033,586	19,521	-466	ー	－	－	Feb 7, 2025	J-GAAP
Revision Rate	+3.0%	+105.0%	－	－	－

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	2,100,000	10,000	10,000	5,000	7.7	－	May 14, 2024	J-GAAP
Mar, 2025 New	2,130,000	20,000	1,000	ー	－	－	Feb 7, 2025	J-GAAP
Revision Rate	+1.4%	+100.0%	-90.0%	－	－

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	1,163,642	-14,482	-10,111	-154,943	-238.6	0	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	1,033,586	19,521	-466	ー	－	－	Feb 7, 2025	J-GAAP
YoY	-11.2%	－	+95.4%	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	2,548,117	-25,719	-30,487	-260,840	-407.3	0	May 11, 2023	J-GAAP
Mar, 2024	2,321,921	-20,343	-7,084	-149,980	-231.0	0	May 14, 2024	J-GAAP
Mar, 2025 Guidance	2,130,000	20,000	1,000	ー	－	－	Feb 7, 2025	J-GAAP
YoY	-8.3%	－	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	606,439	2,270	3,553	-2,942	-4.5	0.4	Feb 6, 2024	J-GAAP
Jan - Mar, 2024	557,203	-16,752	-13,664	-152,001	-234.1	-3.0	May 14, 2024	J-GAAP
Apr - Jun, 2024	531,964	-5,810	-10,178	-1,285	-2.0	-1.1	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	564,450	6,289	11,644	24,245	37.3	1.1	Nov 12, 2024	J-GAAP
Oct - Dec, 2024	561,546	19,918	-635	-26,551	-40.9	3.5	Feb 7, 2025	J-GAAP
YoY	-7.4%	+777.4%	－	-802.5%	-802.6%