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

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 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 -6 -276 -20.5 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 0 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 23,503 148 -6 -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 26,497 902 906 876 65.0 12 Oct 25, 2024 J-GAAP
YoY +4.6% +3.1% -12.0% +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 -47 -219 -16.3 -2.5 Jul 26, 2024 J-GAAP
Jul - Sep, 2024 12,319 423 41 -57 -4.2 3.4 Oct 25, 2024 J-GAAP
YoY -1.6% -1.6% -93.0%

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