Senshu Electric Co (9824) Q3 2024 earnings summary

Executive summary

• Net sales for the nine months ended July 31, 2024 rose 6.8% year-over-year to ¥99,151 million, with operating profit up 18.3% to ¥7,505 million and profit attributable to owners of parent up 20.7% to ¥5,384 million.

• Comprehensive income increased 24.0% year-over-year to ¥6,032 million for the nine-month period.

Financial highlights

• Gross profit for the nine months ended July 31, 2024 was ¥15,629 million, up from ¥14,061 million in the prior year period.

• Operating profit margin improved, with operating profit at ¥7,505 million versus ¥6,342 million a year earlier.

• Earnings per share for the nine months ended July 31, 2024 were ¥306.57, up from ¥250.81 year-over-year.

• Total assets as of July 31, 2024 were ¥104,941 million, up from ¥101,367 million as of October 31, 2023.

• Net assets increased to ¥53,579 million, with an equity ratio of 50.7%.

Outlook and guidance

• Full-year forecast for the year ending October 31, 2024 projects net sales of ¥132,000 million, operating profit of ¥9,600 million, and profit attributable to owners of parent of ¥7,000 million.

• Full-year earnings per share forecast is ¥401.47, reflecting treasury share acquisitions.

• Annual dividend forecast raised to ¥130.00 per share, up from ¥110.00 in the previous year.