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

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

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%.

Kabutan News

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%	+61.1%

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%