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Meiko Electronics, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 63%, Oct-Dec Ordinary Profit Increases by 2.6 times

Thu Feb 6, 2025 3:30 pm JST Earnings

6787 Meiko Electronics Co., Ltd. 【J-GAAP】

Earnings Report

Meiko Electronics Co., Ltd. <6787> [TSE Prime] announced its financial results after the market closed on February 6th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 15.9 billion yen, an increase 63.1% compared to the same period last year. The progress rate toward the full-year plan of 17.5 billion yen was 91.2%, also surpassing the five-year average of 71.1%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to significant drop 65.5% from the same period last year to 1.54 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit surged 2.6 times that of the same period last year, reaching 7.94 billion yen. The operating profit margin improved from 8.8% in the same period last year to 10.0%.

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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 125,256 7,978 9,387 7,121 275.1 83.7 Feb 6, 2023 J-GAAP
Apr - Dec, 2023 133,534 8,338 9,779 7,680 290.3 68.5 Feb 6, 2024 J-GAAP
Apr - Dec, 2024 151,757 14,648 15,953 12,560 480.4 91.2 Feb 6, 2025 J-GAAP
YoY +13.6% +75.7% +63.1% +63.5% +65.5%

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 93,242 7,463 7,507 6,087 230.7 41 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 98,843 9,713 9,495 8,667 330.7 40 Nov 6, 2024 J-GAAP
YoY +6.0% +30.1% +26.5% +42.4% +43.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 167,276 9,575 11,212 8,847 338.9 55 May 10, 2023 J-GAAP
Mar, 2024 179,458 11,660 14,267 11,310 428.7 68 May 10, 2024 J-GAAP
Mar, 2025 Guidance 197,000 19,000 17,500 15,000 572.3 80 Nov 6, 2024 J-GAAP
YoY +9.8% +63.0% +22.7% +32.6% +33.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 47,318 4,141 3,019 2,457 92.9 8.8 Feb 6, 2024 J-GAAP
Jan - Mar, 2024 45,924 3,322 4,488 3,630 137.6 7.2 May 10, 2024 J-GAAP
Apr - Jun, 2024 47,013 3,265 4,394 3,053 116.0 6.9 Aug 6, 2024 J-GAAP
Jul - Sep, 2024 51,144 6,022 3,611 3,280 124.7 11.8 Nov 6, 2024 J-GAAP
Oct - Dec, 2024 53,600 5,361 7,948 6,227 238.2 10.0 Feb 6, 2025 J-GAAP
YoY +13.3% +29.5% +163.3% +153.4% +156.5%

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