Stanley Electric Co., Ltd. TSE:6923
Stanley Electric : FY2025/3 2nd Quarter Financial Results
Source: MarketScreener
FY2025/3 2 nd Quarter
Financial Results
November 14th, 2024
STANLEY ELECTRIC CO., LTD. | STANLEY GROUP VISION Outshining Light |
1H of FY2025/3 Financial Results
- Summary of financial results for 1H of FY2025/3
- Business situation
- Outlook for FY2025/3 and shareholder returns
© STANLEY ELECTRIC CO . , LTD . | 2 |
1H of FY2025/3 Financial Results
- Summary of financial results for 1H of FY2025/3
- Business situation
- Outlook for FY2025/3 and shareholder returns
© STANLEY ELECTRIC CO . , LTD . | 3 |
1-1 Key points of financial results for 1H of FY2025/3
Both net sales and operating income increased from the respective
year-earlier levels and exceeded their respective targets.
Net sales
243.98 billion yen
〔Compared to 1H of the previous year：+7.9%〕
〔Compared to forecasts：＋6.1%〕
Operating income
19.19 billion yen
〔Compared to 1H of the previous year：+36.4%〕
〔Compared to forecasts：＋3.2%〕
Key Points
◆The impact of lackluster sales of Japanese automobiles in Asia, including China, was felt, but the increases in both net sales and operating income were achieved, driven by the addition of THS in the scope of consolidation and a solid performance in the Americas and Asia (motorcycles).
◆We decided to increase dividend payouts, considering the progress of share buybacks of up to 30.0bn yen and the earnings trends.
For this fiscal year, the annual dividends per share total 64 yen (up 9 yen from a year earlier).
© STANLEY ELECTRIC CO . , LTD . | 4 |
1-2 1H of FY2025/3 Consolidated results summary
Compared to 1H of the | Compared to forecasts | ||||||||||
previous year | 1H of FY2025/3 | ||||||||||
（Hundred million yen） | 1H of FY2024/3 | 1H of FY2025/3 | |||||||||
Amount | Percent | Forecasts as of | |||||||||
Amounts less than shown are rounded down | Results | Results | |||||||||
increase or increase | 2024/4/26 | Amount | Percent | ||||||||
decrease | or decrease | ||||||||||
Net sales | 2,261.6 | 2,439.8 | 178.2 | 7.9% | 2,300.0 | 139.8 | 6.1% | ||||
Operating income | 140.7 | 191.9 | 51.2 | 36.4% | 186.0 | 5.9 | 3.2% | ||||
Operating income to net sales | 6.2% | 7.9% | 1.6pt | - | 8.1% | -0.2pt | - | ||||
ratio | |||||||||||
Ordinary income | 201.8 | 219.3 | 17.5 | 8.7% | 215.0 | 4.3 | 2.0% | ||||
Net income attributable to owners | 80.1 | 113.7 | 33.6 | 42.0% | 94.0 | 19.7 | 21.0% | ||||
of parent | |||||||||||
Net income per share (yen) | 48.78 | 71.21 | 22.43 | 46.0% | 58.61 | 12.60 | 21.5% | ||||
Exchange rate (yen) | USD | 142.61 | 152.26 | 9.65 | 6.8% | 140.00 | 12.26 | 8.8% | |||
Impact of foreign exchange fluctuations | Investments | 1H of FY2024/3 | 1H of FY2025/3 | ||||||||
Results | Results | ||||||||||
Net sales | Up by some 7.43bn yen | Capital investments | 12.11bn yen | 23.99bn yen | |||||||
Operating income Up by some 0.52bn yen | Of which strategic 8.12bn yen | ||||||||||
investments | |||||||||||
Depreciation | 18.26bn yen | 22.26bn yen | |||||||||
R&D expenses | 11.27bn yen | 11.05bn yen |
© STANLEY ELECTRIC CO . , LTD . | 5 |
1-3 | 1H of FY2025/3 Consolidated results affecting operating income |
[Year-over-year basis] | |
▍Operating income
（Hundred million yen）
Amounts less than shown are rounded down
Impact of operating income growth
（Hundred million yen）
Total operating | 159.6 |
income growth effects |
＋51.2 | |
(＋36.4%) | |
191.9 | |
140.7 | |
1H of FY2024/3 | 1H of FY2025/3 |
Results | Results |
100 | 91.2 | ||||||||
80 | |||||||||
60 | |||||||||
40 | 26.5 | 26.5 | |||||||
20 | 5.2 | 10.2 | |||||||
0 | |||||||||
-20 | -12.4 | ||||||||
-22.7 | -24.2 | ||||||||
-40 | |||||||||
-60 | -49.1 | ||||||||
Sales impact | Rationalization effect "innovation-in- production" | Impact of exchange rate fluctuations | Influence other expenses | Markdown sales price impact | Impact of depreciation increase | Labor cost impact | Impact of consolidation of THS as a subsidiary | One-off cost |
Impact of operating income decrease | Decrease in total | 108.4 | |
operating income effects |
© STANLEY ELECTRIC CO . , LTD . | 6 |
1-4 1H of FY2025/3 Consolidated results by Segment
1H of FY2024/3 | 1H of FY2025/3 | Compared to 1H of the previous year | ||||
（Hundred million yen） | Results | Results | ||||
Amount increase or | Percent increase | |||||
Amounts less than shown are rounded down | ||||||
decrease | or decrease | |||||
Net sales | Automotive Equipment | 1,847.9 | 2,099.9 | 251.9 | 13.6% | |
Business | ||||||
Electronic Components | 192.2 | 180.5 | -11.6 | -6.1% | ||
Business | ||||||
Applied Electronic Products Business | 558.0 | 577.8 | 19.7 | 3.5% | ||
Others | 11.4 | 14.0 | 2.6 | - | ||
Adjustment | -348.0 | -432.5 | -84.5 | - | ||
Total | 2,261.6 | 2,439.8 | 178.2 | 7.9% | ||
Operating | Automotive Equipment | 106.9 | 183.7 | 76.8 | 71.9% | |
income | Business | |||||
Operating income to net | 5.8% | 8.8% | 3.0pt | - | ||
sales ratio | ||||||
Electronic Components | 20.0 | 12.3 | -7.7 | -38.4% | ||
Business | ||||||
Operating income to net | 10.5% | 6.9% | -3.6pt | - | ||
sales ratio | ||||||
Applied Electronic Products Business | 56.9 | 40.8 | -16.1 | -28.3% | ||
Operating income to net | 10.2% | 7.1% | -3.1pt | - | ||
sales ratio | ||||||
Others | -0.4 | -0.2 | 0.2 | - | ||
Adjustment | -42.7 | -44.7 | -2.0 | - | ||
Total | 140.7 | 191.9 | 51.2 | 36.4% | ||
© STANLEY ELECTRIC CO . , LTD . | 7 |
1-5 1H of FY2025/3 Information by geographical locations
Upper row ：Net Sales | Compared to 1H of the previous year | |||
Lower row ：Operating income | 1H of FY2024/3 | 1H of FY2025/3 | ||
（Hundred million yen） | Results | Results | Amount increase or | Percent increase or |
Amounts less than shown are rounded down | decrease | decrease | ||
644.3 | 586.2 | -58.0 | -9.0% | |
Japan | ||||
26.2 | 12.7 | -13.4 | -51.3% | |
632.0 | 679.9 | 47.9 | 7.6% | |
The Americas | 14.5 | 35.5 | 21.0 | 144.9% |
43.6 | 37.6 | -6.0 | -13.9% | |
Europe | -0.3 | -2.0 | -1.7 | - |
507.2 | 780.5 | 273.3 | 53.9% | |
Asia-Pacific | ||||
92.2 | 139.0 | 46.7 | 50.7% | |
434.3 | 355.5 | -78.8 | -18.1% | |
China | 17.6 | 14.6 | -2.9 | -17.0% |
2,261.6 | 2,439.8 | 178.2 | 7.9% | |
Total | 140.7 | 191.9 | 51.2 | 36.4% |
© STANLEY ELECTRIC CO . , LTD . | 8 |
1-6 | FY2025/3 Consolidated capital investments: |
1H results and full-year forecast | |
（Hundred million yen） | Capital | Depreciation |
investments | ||
Amounts less than shown are rounded down | ||
Others
Applied Electronic Products Business
Electronic Components Business
Automotive Equipment Business
687.9
197.0
Capital | Depreciation | |||||||
investments | ||||||||
69.5 | ||||||||
Capital | Depreciation | 39.8 | ||||||
344.5 | investments | |||||||
Capital | Depreciation | 239.9 | ||||||
investments | 114.0 | |||||||
32.8 | 23.4 | 57.9 | 457.9 | |||||
121.1 | 370.1 | 381.6 | ||||||
22.9 | ||||||||
10.4 | 23.8 | 182.6 | 174.9 | 15.4 | 222.6 | |||
10.9 | 143.2 | |||||||
76.0 | ||||||||
1H of FY2024/3 | FY2024/3 | 1H of FY2025/3 | FY2025/3 | |||||
Results | Results | Results | Forecasts |
※Capital investments includes SaaS-related software investments.
© STANLEY ELECTRIC CO . , LTD . | 9 |
1H of FY2025/3 Financial Results
- Summary of financial results for 1H of FY2025/3
- Business situation
- Outlook for FY2025/3 and shareholder returns
© STANLEY ELECTRIC CO . , LTD . | 10 |