Japan Tissue Engineering Co., Ltd., July-September (2Q) Ordinary Profit Loss Narrows

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Thu Oct 31, 2024 3:00 pm JST Earnings

7774 Japan Tissue Engineering Co., Ltd. 【J-GAAP】

Earnings Report

Japan Tissue Engineering Co., Ltd. <7774> [TSE-G] announced its financial results after the market closed on October 31st (15:00). The ordinary loss (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to a loss of 206 million yen (compared to a loss of 9 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 ordinary profit for the October to March period (second half) is expected to surge by 2.1 times that of the same period last year, reaching 329 million yen.

In the most recent three-month period, from July to September (2Q), the ordinary loss improved to a deficit of loss of 14 million yen (compared to a loss of 23 million yen in the same period last year). The operating profit/loss margin improved from -4.1% in the same period last year to -1.9%.

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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	972	-420	-419	-421	-10.4	ー	Oct 31, 2022	J-GAAP
Apr - Sep, 2023	1,246	-10	-9	-11	-0.3	ー	Oct 31, 2023	J-GAAP
Apr - Sep, 2024	1,161	-207	-206	-225	-5.6	ー	Oct 31, 2024	J-GAAP
YoY	-6.8%	-1,970.0%	-2,188.9%	-1,945.5%	-1,813.8%

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	－	0	Apr 30, 2024	J-GAAP
Apr - Sep, 2024 Results	1,161	-207	-206	-225	-5.6	0	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	1,268	154	156	154	3.8	0	Apr 30, 2024	J-GAAP
Oct - Mar, 2024 Guidance	1,783	327	329	312	7.7	0	Oct 31, 2024	J-GAAP
YoY	+40.6%	+112.3%	+110.9%	+102.6%	+101.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	2,032	-728	-725	-729	-18.0	0	Apr 27, 2023	J-GAAP
Mar, 2024	2,514	144	147	143	3.5	0	Apr 30, 2024	J-GAAP
Mar, 2025 Guidance	2,944	120	123	87	2.1	0	Apr 30, 2024	J-GAAP
YoY	+17.1%	-16.7%	-16.3%	-39.2%	-39.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	584	-24	-23	-24	-0.6	-4.1	Oct 31, 2023	J-GAAP
Oct - Dec, 2023	539	-41	-41	-42	-1.1	-7.6	Jan 30, 2024	J-GAAP
Jan - Mar, 2024	729	195	197	196	4.8	26.7	Apr 30, 2024	J-GAAP
Apr - Jun, 2024	442	-193	-192	-211	-5.2	-43.7	Jul 30, 2024	J-GAAP
Jul - Sep, 2024	719	-14	-14	-14	-0.4	-1.9	Oct 31, 2024	J-GAAP
YoY	+23.1%	+41.7%	+39.1%	+41.7%	+44.4%