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SUKEGAWA ELECTRIC, The Current Fiscal Year Ordinary Profit Revised Upward to an Unexpected 12% Increase, Raises Record High Profit, Dividend Revised Upward by 2 yen

Thu May 8, 2025 3:00 pm JST Earnings

7711 SUKEGAWA ELECTRIC CO.,LTD 【J-GAAP】

Earnings Report

SUKEGAWA ELECTRIC CO.,LTD <7711> [TSE Std] announced its financial results in the afternoon session on May 8th (15:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending September 2025 (October 2024 to March 2025) increased 15.6% from the same period last year, reaching 0.7 billion yen, resulting in an increase in profits compared to the previous forecast of a 27.4% decrease.

In addition, the full-year ordinary profit has been revised upward 22.1%, from the previous forecast of 0.84 billion yen to 1.02 billion yen (compared to 0.91 billion yen in the previous period), record profits reach two consecutive terms, turning to a 12.3% increase in the ordinary profit outlook.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the ordinary profit for the April to September period (2H) is expected to grow 5.9% from the same period last year, reaching 0.32 billion yen.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 36 yen to 38 yen (compared to 34 yen in the previous period).

In the most recent three-month period, from January to March (2Q), the ordinary profit grew 5.9% from the same period last year, reaching 0.41 billion yen. However, the operating profit margin decreased from 27.1% in the same period last year to 25.4%.

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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
Oct - Mar, 2022 2,333 307 316 221 39.3 53.0 May 11, 2023 J-GAAP
Oct - Mar, 2023 2,649 610 610 431 78.3 66.6 May 9, 2024 J-GAAP
Oct - Mar, 2024 2,960 700 705 495 89.9 68.5 May 8, 2025 J-GAAP
YoY +11.7% +14.8% +15.6% +14.8% +14.9%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Guidance 2,530 441 443 310 56.2 18 Nov 7, 2024 J-GAAP
Oct - Mar, 2024 Results 2,960 700 705 495 89.9 18 May 8, 2025 J-GAAP
Revision Rate +17.0% +58.7% +59.1% +59.7% +60.0%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2025 Prev 5,060 836 843 590 107.0 36 Nov 7, 2024 J-GAAP
Sep, 2025 New 5,480 1,020 1,029 724 131.3 38 May 8, 2025 J-GAAP
Revision Rate +8.3% +22.0% +22.1% +22.7% +22.7%

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 2,315 306 306 206 37.4 18 Nov 7, 2024 J-GAAP
Apr - Sep, 2025 Guidance 2,520 320 324 229 41.5 20 May 8, 2025 J-GAAP
YoY +8.9% +4.6% +5.9% +11.2% +11.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2023 4,577 589 596 397 71.4 29 Nov 9, 2023 J-GAAP
Sep, 2024 4,964 916 916 637 115.7 34 Nov 7, 2024 J-GAAP
Sep, 2025 Guidance 5,480 1,020 1,029 724 131.3 38 May 8, 2025 J-GAAP
YoY +10.4% +11.4% +12.3% +13.7% +13.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2024 1,443 391 392 276 50.1 27.1 May 9, 2024 J-GAAP
Apr - Jun, 2024 1,023 162 170 122 22.1 15.8 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 1,292 144 136 84 15.3 11.1 Nov 7, 2024 J-GAAP
Oct - Dec, 2024 1,319 284 290 205 37.2 21.5 Feb 6, 2025 J-GAAP
Jan - Mar, 2025 1,641 416 415 290 52.7 25.4 May 8, 2025 J-GAAP
YoY +13.7% +6.4% +5.9% +5.1% +5.1%

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