TANAKA SEIMITSU KOGYO CO.,LTD., First Half Ordinary Profit Increases by 17%

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Thu Oct 31, 2024 2:00 pm JST Earnings

7218 TANAKA SEIMITSU KOGYO CO.,LTD. 【J-GAAP】

Earnings Report

TANAKA SEIMITSU KOGYO CO.,LTD. <7218> [TSE-S] announced its financial results in the afternoon session on October 31st (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 17.1% from the same period last year, reaching 1.59 billion yen. The progress rate against the 2.2 billion yen full-year plan was 72.7%, also surpassing the five-year average of 32.3%.

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 October to March period (second half) is expected to significant drop by 77.0% from the same period last year to 601 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 602 million yen, a 38.4% decrease compared to the same period last year. The operating profit margin drastically worsened from 9.0% in the same period last year to 5.6%.

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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	15,719	392	374	-89	-9.2	13.2	Oct 31, 2022	J-GAAP
Apr - Sep, 2023	19,591	1,269	1,366	765	78.4	34.4	Oct 31, 2023	J-GAAP
Apr - Sep, 2024	19,649	1,388	1,599	966	100.2	72.7	Oct 31, 2024	J-GAAP
YoY	+0.3%	+9.4%	+17.1%	+26.3%	+27.8%

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	－	13	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	19,649	1,388	1,599	966	100.2	13	Oct 31, 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	22,954	2,394	2,608	1,453	149.9	15	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	18,651	712	601	334	34.6	13	Oct 31, 2024	J-GAAP
YoY	-18.7%	-70.3%	-77.0%	-77.0%	-76.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	34,228	2,186	2,841	1,022	104.8	8	May 12, 2023	J-GAAP
Mar, 2024	42,545	3,663	3,974	2,218	228.7	22	May 10, 2024	J-GAAP
Mar, 2025 Guidance	38,300	2,100	2,200	1,300	134.7	26	May 10, 2024	J-GAAP
YoY	-10.0%	-42.7%	-44.6%	-41.4%	-41.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	10,375	935	978	569	58.3	9.0	Oct 31, 2023	J-GAAP
Oct - Dec, 2023	10,568	1,192	1,338	831	85.5	11.3	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	12,386	1,202	1,270	622	64.2	9.7	May 10, 2024	J-GAAP
Apr - Jun, 2024	10,202	859	997	571	59.4	8.4	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	9,447	529	602	395	41.0	5.6	Oct 31, 2024	J-GAAP
YoY	-8.9%	-43.4%	-38.4%	-30.6%	-29.8%