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Shindengen Electric Manufacturing Co.,Ltd., First Half Net Income Revised Downward to a Loss, Full Year also Reduced

Fri Nov 1, 2024 4:30 pm JST Revision

6844 Shindengen Electric Manufacturing Co.,Ltd. 【J-GAAP】

Guidance Update Report

Shindengen Electric Manufacturing Co.,Ltd. <6844> [TSE-P] announced a performance revision after the market closed on November 1st (16:30). The consolidated net income/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) has been revised downward from an expected profit of 200 million yen to a loss of 1.1 billion yen (compared to a loss of 958 million yen in the same period of the previous year), turning to a loss outlook.

Due to the deterioration of business performance in the first half of the year, the full-year consolidated net income has downwardly by 81.3%, from the previous forecast of 1.6 billion yen to 300 million yen (compared to a loss of 712 million yen in the previous period).

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Guidance Update

First Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Prev 50,800 600 600 200 19.4 0 May 14, 2024 J-GAAP
Apr - Sep, 2024 New 50,500 300 -300 -1,100 -106.6 0 Nov 1, 2024 J-GAAP
Revision Rate -0.6% -50.0% － － －

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 106,600 2,500 2,600 1,600 155.1 130 May 14, 2024 J-GAAP
Mar, 2025 New 106,300 2,200 1,700 300 29.1 130 Nov 1, 2024 J-GAAP
Revision Rate -0.3% -12.0% -34.6% -81.3% -81.2%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2023 49,602 406 673 -958 -93.0 0 Nov 8, 2023 J-GAAP
Apr - Sep, 2024 Guidance 50,500 300 -300 -1,100 -106.6 0 Nov 1, 2024 J-GAAP
YoY +1.8% -26.1% － -14.8% -14.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 101,007 3,621 4,326 1,644 159.6 130 May 15, 2023 J-GAAP
Mar, 2024 102,261 1,278 1,660 -712 -69.1 130 May 14, 2024 J-GAAP
Mar, 2025 Guidance 106,300 2,200 1,700 300 29.1 130 Nov 1, 2024 J-GAAP
YoY +3.9% +72.1% +2.4% － －

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