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Ferrotec Holdings, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 12%, Oct-Dec Ordinary Profit Decreases by 37%

Fri Feb 14, 2025 3:30 pm JST Earnings

6890 Ferrotec Corporation 【J-GAAP】

Earnings Report

Ferrotec Holdings Corporation <6890> [TSE Std] announced its financial results after the market closed on February 14th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 11.8% from the same period last year to 20.5 billion yen. However, the progress rate toward the full-year plan of 26 billion yen was 78.9%, almost the same as the five-year average of 78.5%.

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 expand 67.7% from the same period last year, reaching 5.48 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit dropped to 5.04 billion yen, a 37.3% decrease compared to the same period last year. The operating profit margin significantly dropped from 12.6% in the same period last year to 8.1%.

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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 155,690 26,743 35,281 23,737 518.2 83.1 Feb 14, 2023 J-GAAP
Apr - Dec, 2023 168,266 20,926 23,266 13,464 286.8 87.7 Feb 14, 2024 J-GAAP
Apr - Dec, 2024 202,365 19,696 20,516 12,612 268.3 78.9 Feb 14, 2025 J-GAAP
YoY +20.3% -5.9% -11.8% -6.3% -6.4%

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 116,936 11,837 11,320 6,764 144.0 50 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 129,843 11,749 10,530 6,810 145.5 55 Nov 14, 2024 J-GAAP
YoY +11.0% -0.7% -7.0% +0.7% +1.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 210,810 35,042 42,448 29,702 644.8 105 May 15, 2023 J-GAAP
Mar, 2024 222,430 24,872 26,537 15,154 322.7 100 May 15, 2024 J-GAAP
Mar, 2025 Guidance 265,000 26,000 26,000 16,000 341.7 110 Nov 14, 2024 J-GAAP
YoY +19.1% +4.5% -2.0% +5.6% +5.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 62,772 7,891 8,049 5,074 108.1 12.6 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 54,164 3,946 3,271 1,690 36.0 7.3 May 15, 2024 J-GAAP
Apr - Jun, 2024 61,110 7,015 8,217 4,849 103.2 11.5 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 74,047 7,236 7,253 4,341 92.3 9.8 Nov 14, 2024 J-GAAP
Oct - Dec, 2024 67,208 5,445 5,046 3,422 72.8 8.1 Feb 14, 2025 J-GAAP
YoY +7.1% -31.0% -37.3% -32.6% -32.6%

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