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TWINBIRD CORPORATION, First Half Ordinary Profit Loss Widens, June-Augus Ordinary Profit Loss Widens

Fri Oct 11, 2024 2:00 pm JST Earnings

6897 TWINBIRD CORPORATION 【J-GAAP】

Earnings Report

TWINBIRD CORPORATION <6897> [TSE-S] announced its financial results in the afternoon session on October 11th (14:00). The ordinary loss (non-consolidated) for the cumulative second quarter of the fiscal year ending February 2025 (March to August) expanded to a loss of 328 million yen (compared to a loss of 193 million yen in the same period last year).

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the September to February period (second half) is expected to expand by 41.5% from the same period last year, reaching 508 million yen.

In the most recent three-month period, from June to August (2Q), the ordinary loss expanded to a loss of 162 million yen (compared to a loss of 80 million yen in the same period last year). The operating profit/loss margin worsened from -4.2% in the same period last year to -7.1%.

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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 4,805 -480 -400 -299 -28.3 Oct 13, 2022 J-GAAP
Mar - Aug, 2023 4,786 -228 -193 -143 -13.5 Oct 12, 2023 J-GAAP
Mar - Aug, 2024 4,454 -350 -328 -221 -20.8 Oct 11, 2024 J-GAAP
YoY -6.9% -53.5% -69.9% -54.5% -54.1%

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 3 Apr 12, 2024 J-GAAP
Mar - Aug, 2024 Results 4,454 -350 -328 -221 -20.8 3 Oct 11, 2024 J-GAAP
Revision Rate

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 5,517 341 359 251 23.6 10 Apr 12, 2024 J-GAAP
Sep - Feb, 2024 Guidance 6,046 550 508 351 32.9 10 Oct 11, 2024 J-GAAP
YoY +9.6% +61.3% +41.5% +39.8% +39.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 10,930 40 143 69 6.6 13 Apr 12, 2023 J-GAAP
Feb, 2024 10,303 113 166 108 10.2 13 Apr 12, 2024 J-GAAP
Feb, 2025 Guidance 10,500 200 180 130 12.2 13 Apr 12, 2024 J-GAAP
YoY +1.9% +77.0% +8.4% +20.4% +20.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 2,419 -101 -80 -62 -5.9 -4.2 Oct 12, 2023 J-GAAP
Sep - Nov, 2023 2,166 -67 -56 -40 -3.8 -3.1 Jan 11, 2024 J-GAAP
Dec - Feb, 2023 3,351 408 415 291 27.4 12.2 Apr 12, 2024 J-GAAP
Mar - May, 2024 2,196 -190 -166 -117 -11.0 -8.7 Jul 12, 2024 J-GAAP
Jun - Aug, 2024 2,258 -160 -162 -104 -9.8 -7.1 Oct 11, 2024 J-GAAP
YoY -6.7% -58.4% -102.5% -67.7% -67.2%

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