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SENSHU ELECTRIC, First Half Ordinary Profit Revised Downward to an Unexpected 6%Decrease, Current Fiscal Year Dividend Revised Upward by 10 yen

Tue Jun 3, 2025 2:00 pm JST Earnings

9824 SENSHU ELECTRIC CO.,LTD. 【J-GAAP】

Earnings Report

SENSHU ELECTRIC CO.,LTD. <9824> [TSE Prime] announced its financial results in the afternoon session on June 3rd (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending October 2025 (November 2024 to April 2025) decreased 5.7% from the same period last year to 5.02 billion yen, resulting in a decrease in profits compared to the previous forecast of a 1.4% increase.

The progress rate toward the full-year plan of 11.2 billion yen was 44.9%, also falling below the five-year average of 49.2%.

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 May to October period (2H) is expected to grow 13.6% from the same period last year, reaching 6.17 billion yen.

At the same time, the company has increased its planned annual dividend for the current fiscal year from the original plan of 140 yen to 150 yen (compared to 130 yen in the previous period).

In the most recent three-month period, from February to April (2Q), the consolidated ordinary profit decreased to 2.17 billion yen, a 14.9% decrease compared to the same period last year. The operating profit margin worsened from 7.6% in the same period last year to 6.5%.

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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
Nov - Apr, 2022 61,851 4,304 4,482 2,994 168.1 51.1 Jun 5, 2023 J-GAAP
Nov - Apr, 2023 66,125 5,104 5,327 3,674 208.9 49.5 Jun 4, 2024 J-GAAP
Nov - Apr, 2024 68,982 4,798 5,025 3,405 195.6 44.9 Jun 3, 2025 J-GAAP
YoY +4.3% -6.0% -5.7% -7.3% -6.3%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Nov - Apr, 2024 Guidance 68,000 5,300 5,400 3,700 213.2 70 Dec 9, 2024 J-GAAP
Nov - Apr, 2024 Results 68,982 4,798 5,025 3,405 195.6 75 Jun 3, 2025 J-GAAP
Revision Rate +1.4% -9.5% -6.9% -8.0% -8.2%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct, 2025 Prev 140,000 11,000 11,200 7,700 448.9 140 Dec 9, 2024 J-GAAP
Oct, 2025 New 140,000 11,000 11,200 7,700 448.9 150 Jun 3, 2025 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% 0.0%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May - Oct, 2024 70,028 5,245 5,434 3,904 222.6 65 Dec 9, 2024 J-GAAP
May - Oct, 2025 Guidance 71,018 6,202 6,175 4,295 250.4 75 Jun 3, 2025 J-GAAP
YoY +1.4% +18.2% +13.6% +10.0% +12.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct, 2023 124,967 8,366 8,770 5,920 333.1 110 Dec 7, 2023 J-GAAP
Oct, 2024 136,153 10,349 10,761 7,578 432.1 130 Dec 9, 2024 J-GAAP
Oct, 2025 Guidance 140,000 11,000 11,200 7,700 448.9 150 Jun 3, 2025 J-GAAP
YoY +2.8% +6.3% +4.1% +1.6% +3.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Feb - Apr, 2024 32,381 2,461 2,555 1,716 97.6 7.6 Jun 4, 2024 J-GAAP
May - Jul, 2024 33,026 2,401 2,502 1,710 97.4 7.3 Sep 5, 2024 J-GAAP
Aug - Oct, 2024 37,002 2,844 2,932 2,194 125.1 7.7 Dec 9, 2024 J-GAAP
Nov - Jan, 2024 36,812 2,704 2,850 1,946 111.7 7.3 Mar 6, 2025 J-GAAP
Feb - Apr, 2025 32,170 2,094 2,175 1,459 83.8 6.5 Jun 3, 2025 J-GAAP
YoY -0.7% -14.9% -14.9% -15.0% -14.1%

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