TECMIRA HOLDINGS INC., First Half Net Income Turns to Loss, June-Augus Net Income Turns to Loss

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Fri Oct 11, 2024 3:00 pm JST Earnings

3627 TECMIRA HOLDINGS INC. 【J-GAAP】

Earnings Report

TECMIRA HOLDINGS INC. <3627> [TSE-S] announced its financial results after the market closed on October 11th (15:00). The consolidated net income/loss for the cumulative second quarter of the fiscal year ending February 2025 (March to August) turned into a loss of 66 million yen (compared to a profit of 34 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 consolidated net income for the September to February period (second half) is expected to surge by 6.8 times that of the same period last year, reaching 266 million yen.

In the most recent three-month period, from June to August (2Q), the consolidated net income/loss turned to a loss of 36 million yen (compared to a profit of 105 million yen in the same period last year). The operating profit margin worsened from 4.6% in the same period last year to 1.9%.

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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	3,795	-48	53	15	1.3	13.7	Oct 14, 2022	J-GAAP
Mar - Aug, 2023	4,134	-34	54	34	2.9	40.9	Oct 13, 2023	J-GAAP
Mar - Aug, 2024	5,554	11	65	-66	-5.7	21.7	Oct 11, 2024	J-GAAP
YoY	+34.3%	－	+20.4%	－	－

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	5,554	ー	65	-66	-5.6	0	Oct 10, 2024	J-GAAP
Mar - Aug, 2024 Results	5,554	11	65	-66	-5.7	0	Oct 11, 2024	J-GAAP
Revision Rate	0.0%	－	0.0%	0.0%	-1.3%

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	4,602	-88	78	39	3.4	5	Apr 12, 2024	J-GAAP
Sep - Feb, 2024 Guidance	4,446	ー	235	266	22.3	5	Oct 10, 2024	J-GAAP
YoY	-3.4%	－	+201.3%	+582.1%	+563.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	8,659	180	386	262	22.5	5	Apr 14, 2023	J-GAAP
Feb, 2024	8,736	-122	132	73	6.3	5	Apr 12, 2024	J-GAAP
Feb, 2025 Guidance	10,000	ー	300	200	16.8	5	Apr 12, 2024	J-GAAP
YoY	+14.5%	－	+127.3%	+174.0%	+166.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	2,318	106	148	105	9.1	4.6	Oct 13, 2023	J-GAAP
Sep - Nov, 2023	2,029	-137	-58	-54	-4.8	-6.8	Jan 12, 2024	J-GAAP
Dec - Feb, 2023	2,573	49	136	93	8.0	1.9	Apr 12, 2024	J-GAAP
Mar - May, 2024	2,792	-42	0	-30	-2.6	-1.5	Jul 12, 2024	J-GAAP
Jun - Aug, 2024	2,762	53	65	-36	-3.1	1.9	Oct 11, 2024	J-GAAP
YoY	+19.2%	-50.0%	-56.1%	－	－