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TANAKA CHEMICAL CORPORATION, First Half Ordinary Profit Decreases by 37%, July-September Ordinary Profit Turns to Loss

Mon Oct 28, 2024 4:00 pm JST Earnings

4080 TANAKA CHEMICAL CORPORATION 【J-GAAP】

Earnings Report

TANAKA CHEMICAL CORPORATION <4080> [TSE-S] announced its financial results after the market closed on October 28th (16:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 37.3% from the same period last year to 1.06 billion yen. The progress rate against the 1.4 billion yen full-year plan was 75.8%, below the five-year average of 80.5%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to significant drop by 68.9% from the same period last year to 339 million yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit/loss turned to a loss of 141 million yen (compared to a profit of 545 million yen in the same period last year). The operating profit margin drastically worsened from 3.7% in the same period last year to 0.2%.

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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 30,052 1,822 1,646 1,494 45.9 104.2 Oct 28, 2022 J-GAAP
Apr - Sep, 2023 24,614 1,777 1,691 1,431 44.0 60.8 Oct 30, 2023 J-GAAP
Apr - Sep, 2024 18,793 1,098 1,061 1,077 33.1 75.8 Oct 28, 2024 J-GAAP
YoY -23.6% -38.2% -37.3% -24.7% -24.7%

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 9, 2024 J-GAAP
Apr - Sep, 2024 Results 18,793 1,098 1,061 1,077 33.1 0 Oct 28, 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 23,373 994 1,091 1,124 34.6 4 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 31,207 402 339 323 9.9 4 Oct 28, 2024 J-GAAP
YoY +33.5% -59.6% -68.9% -71.3% -71.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 57,672 1,773 1,579 1,290 39.7 0 May 11, 2023 J-GAAP
Mar, 2024 47,987 2,771 2,782 2,555 78.6 4 May 9, 2024 J-GAAP
Mar, 2025 Guidance 50,000 1,500 1,400 1,400 43.0 4 May 9, 2024 J-GAAP
YoY +4.2% -45.9% -49.7% -45.2% -45.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 11,553 429 545 319 9.8 3.7 Oct 30, 2023 J-GAAP
Oct - Dec, 2023 11,311 477 318 297 9.1 4.2 Feb 1, 2024 J-GAAP
Jan - Mar, 2024 12,062 517 773 827 25.4 4.3 May 9, 2024 J-GAAP
Apr - Jun, 2024 9,449 1,081 1,202 1,194 36.7 11.4 Aug 1, 2024 J-GAAP
Jul - Sep, 2024 9,344 17 -141 -117 -3.6 0.2 Oct 28, 2024 J-GAAP
YoY -19.1% -96.0%

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