Tea Life Co.,Ltd, 15% Increase in Ordinary Profit for The Current Fiscal Year, Dividend to Cut by 6 yen

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Wed Sep 4, 2024 3:00 pm JST Earnings

3172 Tea Life Co.,Ltd 【J-GAAP】

Earnings Report

Tea Life Co.,Ltd <3172> [TSE-S] announced its financial results after the market closed on September 4th (15:00). The consolidated ordinary profit for the fiscal year ending July 2024 dropped by 33.2% from the previous period to 564 million yen. For the fiscal year ending July 2025, the profit is expected to recover in a V-shape, increasing by 15.1% to 649 million yen.

At the same time, the company has decided to reduce the dividend this fiscal year to 40 yen, a decrease of 6 yen from the previous fiscal year.

In the most recent three-month period, from May to July (4Q), the consolidated ordinary profit dropped to 223 million yen, a 31.6% decrease compared to the same period last year. The operating profit margin worsened from 8.8% in the same period last year to 6.7%.

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Actual Results

Historical Performance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul, 2022	12,737	808	800	566	133.4	52	Sep 2, 2022	J-GAAP
Jul, 2023	13,457	822	844	599	140.9	52	Sep 4, 2023	J-GAAP
Jul, 2024	13,001	551	564	319	75.1	46	Sep 4, 2024	J-GAAP
YoY	-3.4%	-33.0%	-33.2%	-46.7%	-46.7%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul, 2024 Guidance	13,645	622	625	380	89.2	46	Mar 4, 2024	J-GAAP
Jul, 2024 Results	13,001	551	564	319	75.1	46	Sep 4, 2024	J-GAAP
Revision Rate	-4.7%	-11.4%	-9.8%	-16.1%	-15.8%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Aug - Jan, 2023	6,748	243	245	140	33.0	26	Mar 4, 2024	J-GAAP
Aug - Jan, 2024 Guidance	ー	ー	ー	ー	－	20	Sep 4, 2024	J-GAAP
YoY	－	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul, 2023	13,457	822	844	599	140.9	52	Sep 4, 2023	J-GAAP
Jul, 2024	13,001	551	564	319	75.1	46	Sep 4, 2024	J-GAAP
Jul, 2025 Guidance	12,882	667	649	423	99.1	40	Sep 4, 2024	J-GAAP
YoY	-0.9%	+21.1%	+15.1%	+32.6%	+32.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
May - Jul, 2023	3,568	313	326	250	58.8	8.8	Sep 4, 2023	J-GAAP
Aug - Oct, 2023	3,037	50	50	21	5.2	1.6	Dec 4, 2023	J-GAAP
Nov - Jan, 2023	3,711	193	195	119	28.0	5.2	Mar 4, 2024	J-GAAP
Feb - Apr, 2024	3,026	92	96	60	14.2	3.0	Jun 3, 2024	J-GAAP
May - Jul, 2024	3,227	216	223	119	28.0	6.7	Sep 4, 2024	J-GAAP
YoY	-9.6%	-31.0%	-31.6%	-52.4%	-52.4%