TIS Inc., First Half Ordinary Profit Decreases by 2%

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Thu Oct 31, 2024 3:30 pm JST Earnings

3626 TIS Inc. 【J-GAAP】

Earnings Report

TIS Inc. <3626> [TSE-P] announced its financial results after the market closed on October 31st (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was 31.2 billion yen, a 1.7% decrease compared to the same period last year. The progress rate against the 66.5 billion yen full-year plan was 47.1%, which was higher than the five-year average of 43.7%.

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 decrease by 4.1% from the same period last year to 35.2 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit amounted to 16.2 billion yen, a 1.7% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 11.6% in the same period last year to 11.6%.

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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	245,305	27,709	29,225	18,834	76.5	46.2	Nov 2, 2022	J-GAAP
Apr - Sep, 2023	267,488	30,387	31,835	20,307	84.2	46.4	Nov 1, 2023	J-GAAP
Apr - Sep, 2024	275,558	30,509	31,299	20,840	89.4	47.1	Oct 31, 2024	J-GAAP
YoY	+3.0%	+0.4%	-1.7%	+2.6%	+6.3%

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	270,000	30,000	30,000	20,300	87.4	34	May 8, 2024	J-GAAP
Apr - Sep, 2024 Results	275,558	30,509	31,299	20,840	89.4	34	Oct 31, 2024	J-GAAP
Revision Rate	+2.1%	+1.7%	+4.3%	+2.7%	+2.3%

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	281,516	34,181	36,718	28,566	118.8	39	May 8, 2024	J-GAAP
Oct - Mar, 2024 Guidance	279,442	35,991	35,201	23,960	103.2	34	Oct 31, 2024	J-GAAP
YoY	-0.7%	+5.3%	-4.1%	-16.1%	-13.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	508,400	62,328	63,204	55,461	227.1	50	May 9, 2023	J-GAAP
Mar, 2024	549,004	64,568	68,553	48,873	203.3	56	May 8, 2024	J-GAAP
Mar, 2025 Guidance	555,000	66,500	66,500	44,800	193.0	68	May 8, 2024	J-GAAP
YoY	+1.1%	+3.0%	-3.0%	-8.3%	-5.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	138,059	16,077	16,507	10,160	42.1	11.6	Nov 1, 2023	J-GAAP
Oct - Dec, 2023	137,256	17,192	17,917	11,883	49.3	12.5	Feb 2, 2024	J-GAAP
Jan - Mar, 2024	144,260	16,989	18,801	16,683	69.4	11.8	May 8, 2024	J-GAAP
Apr - Jun, 2024	134,055	14,061	15,071	10,679	45.7	10.5	Jul 30, 2024	J-GAAP
Jul - Sep, 2024	141,503	16,448	16,228	10,161	43.6	11.6	Oct 31, 2024	J-GAAP
YoY	+2.5%	+2.3%	-1.7%	+0.0%	+3.6%