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TORQ Inc., 3Q (May-July) Ordinary Profit Increases by 14%

Fri Sep 13, 2024 3:00 pm JST Earnings

8077 TORQ Inc. 【J-GAAP】

Earnings Report

TORQ Inc. <8077> [TSE-S] announced its financial results after the market closed on September 13th (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending October 2024 (November 2023 to July 2024) decreased by 15.3% from the same period last year to 762 million yen. However, this progress accounts for 76.2% of the full-year plan of 1 billion yen, also surpassing the three-year average of 50.8%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the August to October period (4Q) is expected to decrease by 29.8% from the same period last year to 238 million yen.

In the most recent three-month period, from May to July (3Q), the consolidated ordinary profit grew by 13.9% from the same period last year, reaching 328 million yen. The operating profit margin improved from 4.2% in the same period last year to 4.7%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Nov - Jul, 2021 15,045 191 326 216 8.8 46.0 Sep 13, 2022 J-GAAP
Nov - Jul, 2022 16,221 601 900 616 24.9 72.6 Sep 13, 2023 J-GAAP
Nov - Jul, 2023 16,590 653 762 533 21.5 76.2 Sep 13, 2024 J-GAAP
YoY +2.3% +8.7% -15.3% -13.5% -13.6%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May - Oct, 2023 11,021 403 627 428 17.3 3 Dec 14, 2023 J-GAAP
May - Oct, 2024 Guidance 11,130 368 566 389 16.6 3 Jun 13, 2024 J-GAAP
YoY +1.0% -8.7% -9.7% -9.1% -3.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct, 2022 20,477 419 709 532 21.5 6 Dec 14, 2022 J-GAAP
Oct, 2023 21,757 772 1,239 845 34.1 6 Dec 14, 2023 J-GAAP
Oct, 2024 Guidance 22,000 750 1,000 700 29.9 6 Jun 13, 2024 J-GAAP
YoY +1.1% -2.8% -19.3% -17.2% -12.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
May - Jul, 2023 5,485 232 288 199 8.0 4.2 Sep 13, 2023 J-GAAP
Aug - Oct, 2023 5,536 171 339 229 9.2 3.1 Dec 14, 2023 J-GAAP
Nov - Jan, 2023 5,308 175 164 78 3.2 3.3 Mar 15, 2024 J-GAAP
Feb - Apr, 2024 5,562 207 270 233 9.4 3.7 Jun 13, 2024 J-GAAP
May - Jul, 2024 5,720 271 328 222 9.0 4.7 Sep 13, 2024 J-GAAP
YoY +4.3% +16.8% +13.9% +11.6% +11.5%

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