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

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% － －

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