Canare Electric (5819) Q4 2024 earnings summary

Executive summary

• Revenue decreased by 3.8% year-over-year to ¥12,383 million due to sluggish domestic and overseas sales, especially in China and continued investment restraint in the domestic broadcast market.

• Operating profit fell 16.7% year-over-year to ¥1,389 million, and net income attributable to shareholders declined 12.5% to ¥1,039 million.

• Despite revenue decline, Japan segment achieved higher profit due to cost controls, while other regions, especially China, saw significant profit drops.

Financial highlights

• Revenue: ¥12,383 million (down 3.8% year-over-year).

• Operating profit: ¥1,389 million (down 16.7% year-over-year).

• Ordinary profit: ¥1,447 million (down 16.8% year-over-year).

• Net income: ¥1,039 million (down 12.5% year-over-year).

• Comprehensive income: ¥1,370 million (down 11.9% year-over-year).

Outlook and guidance

• FY2025 revenue forecast: ¥12,920 million (up 4.3% year-over-year).

• Operating profit forecast: ¥1,430 million (up 3.0% year-over-year).

• Net income forecast: ¥1,050 million (up 1.1% year-over-year).

• Management expects continued uncertainty due to global geopolitical and economic risks but aims for growth through new product development and cost control.