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

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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	ー	ー	ー	ー	－	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	18.8	－	Oct 31, 2024	J-GAAP
YoY	-24.5%	-71.5%	-71.8%	-71.8%	-70.9%

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	123.8	－	Apr 30, 2024	J-GAAP
YoY	+16.8%	+13.3%	+13.9%	+2.0%	+5.4%

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%