Tri Chemical Laboratories Inc., The Current Fiscal Year Ordinary Profit Revised Upward by 15%

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Fri Aug 30, 2024 3:00 pm JST Earnings

4369 Tri Chemical Laboratories Inc. 【J-GAAP】

Earnings Report

Tri Chemical Laboratories Inc. <4369> [TSE-P] announced its financial results after the market closed on August 30th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending January 2025 (February to July) expanded to 2.68 billion yen, an increase of 40.6% compared to the same period last year, exceeded the previous forecast of 2.19 billion yen.

Additionally, the full-year consolidated ordinary profit has been revised upward by 14.5%, from the previous forecast of 4.88 billion yen to 5.59 billion yen (compared to 3.27 billion yen in the previous period), increasing the growth rate from 49.0% to 70.6%..

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the August to January period (second half) is expected to surge by 2.1 times that of the same period last year, reaching 2.91 billion yen.

In the most recent three-month period, from May to July (2Q), the consolidated ordinary profit surged to 2.7 times that of the same period last year, reaching 1.61 billion yen. The operating profit margin drastically improved from 9.4% in the same period last year to 27.1%.

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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
Feb - Jul, 2022	6,548	1,911	3,508	2,703	83.2	56.7	Aug 31, 2022	J-GAAP
Feb - Jul, 2023	5,622	1,100	1,906	1,453	44.7	58.2	Aug 31, 2023	J-GAAP
Feb - Jul, 2024	7,974	1,939	2,680	2,031	62.5	47.9	Aug 30, 2024	J-GAAP
YoY	+41.8%	+76.3%	+40.6%	+39.8%	+39.8%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb - Jul, 2024 Guidance	7,080	1,640	2,190	1,650	50.8	0	Mar 15, 2024	J-GAAP
Feb - Jul, 2024 Results	7,974	1,939	2,680	2,031	62.5	0	Aug 30, 2024	J-GAAP
Revision Rate	+12.6%	+18.2%	+22.4%	+23.1%	+23.1%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan, 2025 Prev	14,890	3,380	4,880	3,730	114.8	30	Mar 15, 2024	J-GAAP
Jan, 2025 New	17,000	3,900	5,590	4,260	131.1	30	Aug 30, 2024	J-GAAP
Revision Rate	+14.2%	+15.4%	+14.5%	+14.2%	+14.2%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Aug - Jan, 2023	5,624	847	1,370	1,017	31.3	30	Mar 15, 2024	J-GAAP
Aug - Jan, 2024 Guidance	9,026	1,961	2,910	2,229	68.6	30	Aug 30, 2024	J-GAAP
YoY	+60.5%	+131.5%	+112.4%	+119.2%	+119.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan, 2023	13,803	3,504	6,186	4,832	148.7	30	Mar 15, 2023	J-GAAP
Jan, 2024	11,246	1,947	3,276	2,470	76.0	30	Mar 15, 2024	J-GAAP
Jan, 2025 Guidance	17,000	3,900	5,590	4,260	131.1	30	Aug 30, 2024	J-GAAP
YoY	+51.2%	+100.3%	+70.6%	+72.5%	+72.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
May - Jul, 2023	2,394	226	608	461	14.2	9.4	Aug 31, 2023	J-GAAP
Aug - Oct, 2023	2,593	266	533	395	12.2	10.3	Nov 30, 2023	J-GAAP
Nov - Jan, 2023	3,031	581	837	622	19.2	19.2	Mar 15, 2024	J-GAAP
Feb - Apr, 2024	3,274	664	1,068	812	25.0	20.3	May 31, 2024	J-GAAP
May - Jul, 2024	4,700	1,275	1,612	1,219	37.5	27.1	Aug 30, 2024	J-GAAP
YoY	+96.3%	+464.2%	+165.1%	+164.4%	+164.4%