TVE Co., Ltd., Last Fiscal Year Ordinary Profit Revised Upward by 69%

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Tue Oct 29, 2024 4:00 pm JST Revision

6466 TVE Co., Ltd. 【J-GAAP】

Guidance Update Report

TVE Co., Ltd. <6466> [TSE-S] announced a performance revision after the market closed on October 29th (16:00). The consolidated ordinary profit for the fiscal year ending September 2024 has been revised upward by 69.2%, from the previous forecast of 650 million yen to 1.1 billion yen (compared to 538 million yen in the previous period), increasing the growth rate from 20.8% to 2.0 times.

Based on the upwardly revised full-year plan announced by the company, our calculation indicates that the April to September period (second half) consolidated ordinary profit has been revised upward from an expected loss of 157 million yen to a profit of 293 million yen (compared to a profit of 484 million yen in the same period of the previous year), turning to a profit.

Kabutan News

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Prev	4,858	-137	-157	-88	-37.6	25	May 10, 2024	J-GAAP
Apr - Sep, 2024 New	5,758	263	293	162	72.5	25	Oct 29, 2024	J-GAAP
Revision Rate	+18.5%	－	－	－	－

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2024 Prev	10,300	600	650	450	192.1	45	May 10, 2024	J-GAAP
Sep, 2024 New	11,200	1,000	1,100	700	313.3	45	Oct 29, 2024	J-GAAP
Revision Rate	+8.7%	+66.7%	+69.2%	+55.6%	+63.1%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2023	5,135	466	484	437	187.1	25	Nov 10, 2023	J-GAAP
Apr - Sep, 2024 Guidance	5,758	263	293	162	72.5	25	Oct 29, 2024	J-GAAP
YoY	+12.1%	-43.6%	-39.5%	-62.9%	-61.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2022	8,514	-86	27	-60	-26.2	50	Nov 11, 2022	J-GAAP
Sep, 2023	9,396	476	538	435	186.3	40	Nov 10, 2023	J-GAAP
Sep, 2024 Guidance	11,200	1,000	1,100	700	313.3	45	Oct 29, 2024	J-GAAP
YoY	+19.2%	+110.1%	+104.5%	+60.9%	+68.2%