TECHNO HORIZON CO.,LTD., First Half Ordinary Profit Turns to Loss, July-September Ordinary Profit Decreases by 93%

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Fri Oct 25, 2024 4:00 pm JST Earnings

6629 TECHNO HORIZON CO.,LTD. 【J-GAAP】

Earnings Report

TECHNO HORIZON CO.,LTD. <6629> [TSE-S] announced its financial results after the market closed on October 25th (16:00). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a loss of 7 million yen (compared to a profit of 680 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 ordinary profit for the October to March period (second half) is expected to decrease by 11.9% from the same period last year to 907 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 39 million yen, a 93.3% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 3.4% in the same period last year to 3.4%.

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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
Apr - Sep, 2022	19,017	-664	-304	-454	-33.7	ー	Oct 25, 2022	J-GAAP
Apr - Sep, 2023	23,286	161	680	293	21.8	39.8	Oct 25, 2023	J-GAAP
Apr - Sep, 2024	23,503	148	-7	-276	-20.5	ー	Oct 25, 2024	J-GAAP
YoY	+0.9%	-8.1%	－	－	－

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Guidance	ー	ー	ー	ー	－	0	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	23,503	148	-7	-276	-20.5	－	Oct 25, 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
Oct - Mar, 2023	25,337	875	1,029	708	52.6	10	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	26,497	902	907	876	65.0	12	Oct 25, 2024	J-GAAP
YoY	+4.6%	+3.1%	-11.9%	+23.7%	+23.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	43,765	-530	-405	-1,553	-115.3	0	May 10, 2023	J-GAAP
Mar, 2024	48,623	1,036	1,709	1,001	74.3	10	May 10, 2024	J-GAAP
Mar, 2025 Guidance	50,000	1,050	900	600	44.5	12	May 10, 2024	J-GAAP
YoY	+2.8%	+1.4%	-47.3%	-40.1%	-40.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	12,518	430	586	496	36.9	3.4	Oct 25, 2023	J-GAAP
Oct - Dec, 2023	11,143	-101	-201	-320	-24.4	-0.9	Jan 25, 2024	J-GAAP
Jan - Mar, 2024	14,194	976	1,230	1,028	76.3	6.9	May 10, 2024	J-GAAP
Apr - Jun, 2024	11,184	-275	-46	-219	-16.3	-2.5	Jul 26, 2024	J-GAAP
Jul - Sep, 2024	12,319	423	39	-57	-4.2	3.4	Oct 25, 2024	J-GAAP
YoY	-1.6%	-1.6%	-93.3%	－	－