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HAMAMATSU PHOTONICS, Ordinary Profit Forecast for the Fiscal Year Revised Downward by 27%

Thu Aug 7, 2025 3:30 pm JST Earnings

6965 HAMAMATSU PHOTONICS K.K. 【J-GAAP】

Earnings Report

HAMAMATSU PHOTONICS K.K. <6965> [TSE Prime] announced its financial results after the market closed on August 7th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending September 2025 (October 2024 to June 2025) dropped 49.9% from the same period last year to 13.9 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has decreased 26.6%, from the previous forecast of 26.5 billion yen to 19.5 billion yen (compared to 34.5 billion yen in the previous period), leading to an increase in the profit decline rate from 23.0% to 43.5%.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit for the April to September period (second half) has decreased 49.0%, from the previous forecast of 14.4 billion yen to 7.37 billion yen (compared to 12.9 billion yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 43.2% decrease in profit.

In the most recent three-month period, from April to June (3Q), the consolidated ordinary profit significantly dropped to 1.85 billion yen, a 71.0% decrease compared to the same period last year. The operating profit margin sharply declined from 11.2% in the same period last year to 3.1%.

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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
Oct - Jun, 2022 164,488 42,956 44,811 32,471 104.9 75.4 Aug 9, 2023 J-GAAP
Oct - Jun, 2023 150,548 25,302 27,911 20,411 65.9 80.9 Aug 8, 2024 J-GAAP
Oct - Jun, 2024 155,467 12,286 13,983 9,608 32.0 71.7 Aug 7, 2025 J-GAAP
YoY +3.3% -51.4% -49.9% -52.9% -51.5%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Prev 112,155 13,323 14,443 8,115 27.2 19 May 9, 2025 J-GAAP
Apr - Sep, 2025 New 106,055 7,223 7,373 4,065 13.6 19 Aug 7, 2025 J-GAAP
Revision Rate -5.4% -45.8% -49.0% -49.9% -49.9%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2025 Prev 218,900 24,100 26,570 18,050 60.4 38 Nov 8, 2024 J-GAAP
Sep, 2025 New 212,800 18,000 19,500 14,000 46.9 38 Aug 7, 2025 J-GAAP
Revision Rate -2.8% -25.3% -26.6% -22.4% -22.4%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 99,975 12,054 12,991 8,374 27.0 19 Nov 8, 2024 J-GAAP
Apr - Sep, 2025 Guidance 106,055 7,223 7,373 4,065 13.6 19 Aug 7, 2025 J-GAAP
YoY +6.1% -40.1% -43.2% -51.5% -49.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2023 221,445 56,676 59,415 42,825 138.3 38 Nov 10, 2023 J-GAAP
Sep, 2024 203,961 32,118 34,512 25,145 81.2 38 Nov 8, 2024 J-GAAP
Sep, 2025 Guidance 212,800 18,000 19,500 14,000 46.9 38 Aug 7, 2025 J-GAAP
YoY +4.3% -44.0% -43.5% -44.3% -42.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Apr - Jun, 2024 46,562 5,238 6,390 3,640 11.8 11.2 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 53,413 6,816 6,601 4,734 15.3 12.8 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 50,587 4,281 5,030 4,188 13.8 8.5 Feb 6, 2025 J-GAAP
Jan - Mar, 2025 56,158 6,496 7,097 5,747 19.1 11.6 May 9, 2025 J-GAAP
Apr - Jun, 2025 48,722 1,509 1,856 -327 -1.1 3.1 Aug 7, 2025 J-GAAP
YoY +4.6% -71.2% -71.0% － －

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