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TAY TWO CO.,LTD, First Half Ordinary Profit Decreases by 69%, June-Augus Ordinary Profit Decreases by 63%

Tue Oct 15, 2024 4:00 pm JST Earnings

7610 TAY TWO CO.,LTD 【J-GAAP】

Earnings Report

TAY TWO CO.,LTD <7610> [TSE-S] announced its financial results after the market closed on October 15th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2025 (March to August) significantly dropped by 69.0% from the same period last year to 321 million yen. The progress rate against the 1.5 billion yen full-year plan was 21.4%, also falling below the five-year average of 61.3%.

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 3.0 times that of the same period last year, reaching 1.17 billion yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit significantly dropped to 191 million yen, a 62.8% decrease compared to the same period last year. The operating profit margin drastically worsened from 5.5% 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 13,541 861 896 572 8.9 55.9 Oct 14, 2022 J-GAAP
Mar - Aug, 2023 16,941 942 1,034 610 9.4 72.7 Oct 16, 2023 J-GAAP
Mar - Aug, 2024 17,489 287 321 173 2.8 21.4 Oct 15, 2024 J-GAAP
YoY +3.2% -69.5% -69.0% -71.6% -70.9%

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 17,489 287 321 173 2.8 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 18,256 391 389 -42 -0.7 4 Apr 15, 2024 J-GAAP
Sep - Feb, 2024 Guidance 19,911 1,213 1,179 727 11.5 4 Oct 15, 2024 J-GAAP
YoY +9.1% +210.2% +203.1% － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 31,255 1,557 1,603 1,002 15.5 3 Apr 14, 2023 J-GAAP
Feb, 2024 35,197 1,333 1,423 568 8.8 4 Apr 15, 2024 J-GAAP
Feb, 2025 Guidance 37,400 1,500 1,500 900 14.2 4 Apr 15, 2024 J-GAAP
YoY +6.3% +12.5% +5.4% +58.5% +60.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 8,580 473 514 339 5.3 5.5 Oct 16, 2023 J-GAAP
Sep - Nov, 2023 8,189 166 170 99 1.5 2.0 Jan 15, 2024 J-GAAP
Dec - Feb, 2023 10,067 225 219 -141 -2.2 2.2 Apr 15, 2024 J-GAAP
Mar - May, 2024 8,301 111 130 63 1.0 1.3 Jul 16, 2024 J-GAAP
Jun - Aug, 2024 9,188 176 191 110 1.8 1.9 Oct 15, 2024 J-GAAP
YoY +7.1% -62.8% -62.8% -67.6% -66.7%

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