TIEMCO LTD., December-August (Third Quarter Cumulative) Ordinary Profit Turns to Loss, June-Augus Ordinary Profit Loss Widens

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Thu Oct 10, 2024 3:10 pm JST Earnings

7501 TIEMCO LTD. 【J-GAAP】

Earnings Report

TIEMCO LTD. <7501> [TSE-S] announced its financial results after the market closed on October 10th (15:10). The ordinary profit/loss (non-consolidated) for the cumulative third quarter of the fiscal year ending November 2024 (December 2023 to August 2024) turned into a loss of 38 million yen (compared to a profit of 114 million yen in the same period last year).

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the September to November period (4Q) is expected to surge by 13 times that of the same period last year, reaching 51 million yen.

In the most recent three-month period, from June to August (3Q), the ordinary loss expanded to a loss of 58 million yen (compared to a loss of 10 million yen in the same period last year). The operating profit/loss margin drastically worsened from -1.7% in the same period last year to -9.0%.

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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
Dec - Aug, 2021	2,456	78	85	76	30.8	71.4	Oct 12, 2022	J-GAAP
Dec - Aug, 2022	2,584	112	114	106	42.9	96.6	Oct 11, 2023	J-GAAP
Dec - Aug, 2023	2,414	-47	-38	-62	-25.1	ー	Oct 10, 2024	J-GAAP
YoY	-6.6%	－	－	－	－

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jun - Nov, 2023	1,589	-9	-6	10	4.1	12	Jan 19, 2024	J-GAAP
Jun - Nov, 2024 Guidance	1,583	-14	-7	-22	-8.9	17.50	Oct 7, 2024	J-GAAP
YoY	-0.4%	-55.6%	-16.7%	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Nov, 2022	3,290	113	119	126	50.9	12	Jan 19, 2023	J-GAAP
Nov, 2023	3,403	116	118	108	43.9	12	Jan 19, 2024	J-GAAP
Nov, 2024 Guidance	3,284	3	13	-20	-8.1	17.50	Oct 7, 2024	J-GAAP
YoY	-3.5%	-97.4%	-89.0%	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	770	-13	-10	8	3.2	-1.7	Oct 11, 2023	J-GAAP
Sep - Nov, 2023	819	4	4	2	0.8	0.5	Jan 19, 2024	J-GAAP
Dec - Feb, 2023	739	-38	-37	-43	-17.7	-5.1	Apr 10, 2024	J-GAAP
Mar - May, 2024	962	55	57	45	27.0	5.7	Jul 10, 2024	J-GAAP
Jun - Aug, 2024	713	-64	-58	-64	-25.9	-9.0	Oct 10, 2024	J-GAAP
YoY	-7.4%	-392.3%	-480.0%	－	－