TAKAGI SEIKO CORPORATION, The Current Fiscal Year Ordinary Profit Revised Downward to an Unexpected 45% Decrease

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Thu Oct 31, 2024 3:00 pm JST Revision

4242 TAKAGI SEIKO CORPORATION 【J-GAAP】

Guidance Update Report

TAKAGI SEIKO CORPORATION <4242> [TSE-S] announced a performance revision after the market closed on October 31st (15:00). The consolidated ordinary profit for the fiscal year ending March 2025 has downwardly by 47.2%, from the previous forecast of 2.52 billion yen to 1.33 billion yen (compared to 2.42 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 45.1% decrease in profit.

At the same time, the April to September period (first half) consolidated ordinary profit has downwardly by 45.3%, from the previous forecast of 1.06 billion yen to 580 million yen (compared to 1.13 billion yen in the same period of the previous year), leading to an increase in the profit decline rate from 6.8% to 49.0%.

Kabutan News

Guidance Update

First Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Prev	23,780	1,100	1,060	420	150.7	20	May 13, 2024	J-GAAP
Apr - Sep, 2024 New	21,730	550	580	120	43.1	20	Oct 31, 2024	J-GAAP
Revision Rate	-8.6%	-50.0%	-45.3%	-71.4%	-71.4%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	49,500	2,450	2,520	1,130	405.4	40	May 13, 2024	J-GAAP
Mar, 2025 New	44,860	1,270	1,330	420	150.7	40	Oct 31, 2024	J-GAAP
Revision Rate	-9.4%	-48.2%	-47.2%	-62.8%	-62.8%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2023	25,269	1,159	1,137	457	165.1	18	Nov 10, 2023	J-GAAP
Apr - Sep, 2024 Guidance	21,730	550	580	120	43.1	20	Oct 31, 2024	J-GAAP
YoY	-14.0%	-52.5%	-49.0%	-73.7%	-73.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	48,162	2,018	2,396	700	253.7	30	May 15, 2023	J-GAAP
Mar, 2024	51,066	2,400	2,421	1,189	428.7	36	May 13, 2024	J-GAAP
Mar, 2025 Guidance	44,860	1,270	1,330	420	150.7	40	Oct 31, 2024	J-GAAP
YoY	-12.2%	-47.1%	-45.1%	-64.7%	-64.9%