TKP Corporation, First Half Ordinary Profit Decreases by 12%, June-Augus Ordinary Profit Decreases by 30%

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Tue Oct 15, 2024 3:30 pm JST Earnings

3479 TKP Corporation 【J-GAAP】

Earnings Report

TKP Corporation <3479> [TSE-G] announced its financial results after the market closed on October 15th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2025 (March to August) decreased by 12.4% from the same period last year to 2.62 billion yen. The progress rate against the 8.3 billion yen full-year plan was 31.6%, also falling below the five-year average of 55.3%.

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 surge by 3.7 times that of the same period last year, reaching 5.67 billion yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit dropped to 860 million yen, a 30.3% decrease compared to the same period last year. The operating profit margin decreased from 11.6% in the same period last year to 10.7%.

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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	25,655	1,928	1,651	-102	-2.5	53.9	Oct 13, 2022	J-GAAP
Mar - Aug, 2023	17,750	2,758	2,992	5,712	136.6	61.5	Oct 12, 2023	J-GAAP
Mar - Aug, 2024	20,280	2,733	2,622	2,422	57.9	31.6	Oct 15, 2024	J-GAAP
YoY	+14.3%	-0.9%	-12.4%	-57.6%	-57.6%

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	ー	ー	ー	ー	－	0	Apr 15, 2024	J-GAAP
Mar - Aug, 2024 Results	20,280	2,733	2,622	2,422	57.9	0	Oct 15, 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	18,795	1,849	1,870	1,609	38.5	0	Apr 15, 2024	J-GAAP
Sep - Feb, 2024 Guidance	41,720	5,467	5,678	3,078	75.6	0	Oct 15, 2024	J-GAAP
YoY	+122.0%	+195.7%	+203.6%	+91.3%	+96.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	50,504	3,575	3,062	-4,936	-118.3	0	Apr 13, 2023	J-GAAP
Feb, 2024	36,545	4,607	4,862	7,321	175.0	0	Apr 15, 2024	J-GAAP
Feb, 2025 Guidance	62,000	8,200	8,300	5,500	135.0	0	Jul 11, 2024	J-GAAP
YoY	+69.7%	+78.0%	+70.7%	-24.9%	-22.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	8,728	1,011	1,234	1,084	25.9	11.6	Oct 12, 2023	J-GAAP
Sep - Nov, 2023	9,653	1,170	1,237	777	18.6	12.1	Jan 15, 2024	J-GAAP
Dec - Feb, 2023	9,142	679	633	832	19.9	7.4	Apr 15, 2024	J-GAAP
Mar - May, 2024	10,562	1,692	1,762	1,873	44.8	16.0	Jul 11, 2024	J-GAAP
Jun - Aug, 2024	9,718	1,041	860	549	13.1	10.7	Oct 15, 2024	J-GAAP
YoY	+11.3%	+3.0%	-30.3%	-49.4%	-49.4%