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TRADERS HOLDINGS CO.,LTD., First Half Ordinary Profit Increases by 2.3 times, July-September Ordinary Profit Increases by 8.5 times

Thu Oct 31, 2024 3:10 pm JST Earnings

8704 TRADERS HOLDINGS CO.,LTD. 【J-GAAP】

Earnings Report

TRADERS HOLDINGS CO.,LTD. <8704> [TSE-S] announced its financial results after the market closed on October 31st (15:10). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 2.3 times that of the same period last year, reaching 4.28 billion yen. The progress rate against the 5 billion yen full-year plan was 85.7%, also surpassing the five-year average of 43.6%.

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 71.8% from the same period last year to 716 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged to 8.5 times that of the same period last year, reaching 2.23 billion yen. The operating profit margin jumped from 15.2% in the same period last year to 53.5%.

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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 4,419 1,785 1,773 1,491 51.1 47.5 Nov 14, 2022 J-GAAP
Apr - Sep, 2023 4,614 1,863 1,846 1,505 52.5 42.1 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 7,657 4,273 4,284 2,885 103.7 85.7 Oct 31, 2024 J-GAAP
YoY +66.0% +129.4% +132.1% +91.7% +97.6%

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 12 Apr 30, 2024 J-GAAP
Apr - Sep, 2024 Results 7,657 4,273 4,284 2,885 103.7 12 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 5,489 2,549 2,543 1,829 64.4 16 Apr 30, 2024 J-GAAP
Oct - Mar, 2024 Guidance 4,143 727 716 515 18.9 Oct 31, 2024 J-GAAP
YoY -24.5% -71.5% -71.8% -71.8% -70.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 9,194 3,742 3,730 3,217 111.1 17 May 15, 2023 J-GAAP
Mar, 2024 10,103 4,412 4,389 3,334 117.4 24 Apr 30, 2024 J-GAAP
Mar, 2025 Guidance 11,800 5,000 5,000 3,400 124.7 Apr 30, 2024 J-GAAP
YoY +16.8% +13.3% +13.9% +2.0% +6.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,774 270 264 193 6.7 15.2 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 3,216 1,905 1,907 1,373 48.1 59.2 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 2,273 644 636 456 16.1 28.3 Apr 30, 2024 J-GAAP
Apr - Jun, 2024 3,513 2,054 2,051 1,485 53.2 58.5 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 4,144 2,219 2,233 1,400 50.3 53.5 Oct 31, 2024 J-GAAP
YoY +133.6% +721.9% +745.8% +625.4% +647.7%

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