KYORITSU ELECTRIC, First Half Ordinary Profit Increases by 50%, Oct-Dec Ordinary Profit Increases by 54%

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Fri Feb 7, 2025 3:30 pm JST Earnings

6874 KYORITSU ELECTRIC CORPORATION 【J-GAAP】

Earnings Report

KYORITSU ELECTRIC CORPORATION <6874> [TSE Std] announced its financial results after the market closed on February 7th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending June 2025 (July to December) expanded 1.64 billion yen, an increase 49.6% compared to the same period last year. The progress rate toward the full-year plan of 2.75 billion yen was 59.8%, also surpassing the five-year average of 41.6%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to June period (2H) is expected to decrease 28.0% from the same period last year to 1.1 billion yen.

In the most recent three-month period, from October to December (2Q), the consolidated ordinary profit increased 53.5% from the same period last year, reaching 1.09 billion yen. The operating profit margin significantly improved from 7.3% in the same period last year to 10.3%.

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Actual Results

Accumulated Results 2nd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jul - Dec, 2022	15,600	932	971	607	151.0	41.0	Feb 7, 2023	J-GAAP
Jul - Dec, 2023	16,532	1,010	1,099	646	160.7	41.7	Feb 6, 2024	J-GAAP
Jul - Dec, 2024	18,425	1,595	1,644	1,000	248.6	59.8	Feb 7, 2025	J-GAAP
YoY	+11.5%	+57.9%	+49.6%	+54.8%	+54.7%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2024 Guidance	ー	ー	ー	ー	－	0	Aug 8, 2024	J-GAAP
Jul - Dec, 2024 Results	18,425	1,595	1,644	1,000	248.6	0	Feb 7, 2025	J-GAAP
Revision Rate	－	－	－	－	－

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan - Jun, 2024	17,829	1,441	1,536	1,122	278.9	90	Aug 8, 2024	J-GAAP
Jan - Jun, 2025 Guidance	17,575	1,005	1,106	850	211.2	120	Feb 7, 2025	J-GAAP
YoY	-1.4%	-30.3%	-28.0%	-24.2%	-24.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jun, 2023	33,616	2,273	2,371	1,530	380.2	70	Aug 9, 2023	J-GAAP
Jun, 2024	34,361	2,451	2,635	1,768	439.4	90	Aug 8, 2024	J-GAAP
Jun, 2025 Guidance	36,000	2,600	2,750	1,850	459.7	120	Aug 8, 2024	J-GAAP
YoY	+4.8%	+6.1%	+4.4%	+4.6%	+4.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	8,833	645	710	471	117.1	7.3	Feb 6, 2024	J-GAAP
Jan - Mar, 2024	9,472	1,005	1,045	726	180.5	10.6	May 8, 2024	J-GAAP
Apr - Jun, 2024	8,357	436	491	396	98.4	5.2	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	8,360	557	554	277	68.9	6.7	Nov 6, 2024	J-GAAP
Oct - Dec, 2024	10,065	1,038	1,090	723	179.7	10.3	Feb 7, 2025	J-GAAP
YoY	+13.9%	+60.9%	+53.5%	+53.5%	+53.4%