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TENMAYA STORE CO.,LTD., First Half Ordinary Profit Increases by 31%, June-Augus Ordinary Profit Increases by 45%

Wed Oct 9, 2024 3:30 pm JST Earnings

9846 TENMAYA STORE CO.,LTD. 【J-GAAP】

Earnings Report

TENMAYA STORE CO.,LTD. <9846> [TSE-S] announced its financial results after the market closed on October 9th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2025 (March to August) expanded to 1.28 billion yen, an increase of 30.9% compared to the same period last year. The progress rate against the 2.5 billion yen full-year plan was 51.5%, almost the same as the five-year average of 48.9%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the September to February period (second half) is expected to decrease by 13.5% from the same period last year to 1.21 billion yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit increased by 45.3% from the same period last year, reaching 587 million yen. The operating profit margin improved from 2.6% in the same period last year to 3.5%.

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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
Mar - Aug, 2022 28,170 1,199 1,223 757 65.8 58.3 Oct 5, 2022 J-GAAP
Mar - Aug, 2023 29,127 956 983 581 50.5 41.2 Oct 4, 2023 J-GAAP
Mar - Aug, 2024 29,400 1,195 1,287 836 72.8 51.5 Oct 9, 2024 J-GAAP
YoY +0.9% +25.0% +30.9% +43.9% +44.2%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar - Aug, 2024 Guidance 29,500 1,100 1,150 700 61.0 7 Apr 12, 2024 J-GAAP
Mar - Aug, 2024 Results 29,400 1,195 1,287 836 72.8 7 Oct 9, 2024 J-GAAP
Revision Rate -0.3% +8.6% +11.9% +19.4% +19.4%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2023 29,440 1,321 1,403 612 53.2 5 Apr 12, 2024 J-GAAP
Sep - Feb, 2024 Guidance 29,300 1,205 1,213 364 31.7 7 Oct 9, 2024 J-GAAP
YoY -0.5% -8.8% -13.5% -40.5% -40.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 57,735 2,063 2,099 1,067 92.8 6 Apr 14, 2023 J-GAAP
Feb, 2024 58,567 2,277 2,386 1,193 103.8 10 Apr 12, 2024 J-GAAP
Feb, 2025 Guidance 58,700 2,400 2,500 1,200 104.5 14 Apr 12, 2024 J-GAAP
YoY +0.2% +5.4% +4.8% +0.6% +0.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 14,788 386 404 253 22.0 2.6 Oct 4, 2023 J-GAAP
Sep - Nov, 2023 14,341 592 655 268 23.3 4.1 Jan 5, 2024 J-GAAP
Dec - Feb, 2023 15,099 729 748 344 29.9 4.8 Apr 12, 2024 J-GAAP
Mar - May, 2024 14,282 666 700 469 40.9 4.7 Jul 10, 2024 J-GAAP
Jun - Aug, 2024 15,118 529 587 367 32.0 3.5 Oct 9, 2024 J-GAAP
YoY +2.2% +37.0% +45.3% +45.1% +45.3%

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