TAKEBISHI CORPORATION, First Half Ordinary Profit Decreases by 28%, July-September Ordinary Profit Decreases by 35%

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Thu Oct 31, 2024 3:30 pm JST Earnings

7510 TAKEBISHI CORPORATION 【J-GAAP】

Earnings Report

TAKEBISHI CORPORATION <7510> [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) decreased by 27.8% from the same period last year to 1.57 billion yen. The progress rate against the 3.55 billion yen full-year plan was 44.4%, also falling below the five-year average of 52.3%.

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 grow by 13.8% from the same period last year, reaching 1.97 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 638 million yen, a 34.8% decrease compared to the same period last year. The operating profit margin worsened from 3.6% in the same period last year to 2.8%.

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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	46,617	1,889	2,006	1,340	84.0	49.6	Oct 31, 2022	J-GAAP
Apr - Sep, 2023	50,338	1,969	2,180	1,416	88.7	55.7	Oct 31, 2023	J-GAAP
Apr - Sep, 2024	47,598	1,425	1,575	1,376	86.1	44.4	Oct 31, 2024	J-GAAP
YoY	-5.4%	-27.6%	-27.8%	-2.8%	-3.0%

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	47,000	1,310	1,410	1,110	69.4	29	Apr 26, 2024	J-GAAP
Apr - Sep, 2024 Results	47,598	1,425	1,575	1,376	86.1	29	Oct 31, 2024	J-GAAP
Revision Rate	+1.3%	+8.8%	+11.7%	+24.0%	+24.2%

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	51,017	1,767	1,735	1,085	67.9	33	Apr 26, 2024	J-GAAP
Oct - Mar, 2024 Guidance	53,902	1,945	1,975	1,134	70.9	33	Oct 31, 2024	J-GAAP
YoY	+5.7%	+10.1%	+13.8%	+4.5%	+4.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	97,404	3,919	4,041	2,738	171.6	56	Apr 28, 2023	J-GAAP
Mar, 2024	101,355	3,736	3,915	2,501	156.6	62	Apr 26, 2024	J-GAAP
Mar, 2025 Guidance	101,500	3,370	3,550	2,510	156.8	62	Apr 26, 2024	J-GAAP
YoY	+0.1%	-9.8%	-9.3%	+0.4%	+0.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	26,508	966	978	637	39.9	3.6	Oct 31, 2023	J-GAAP
Oct - Dec, 2023	25,293	990	1,051	703	44.0	3.9	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	25,724	777	684	382	23.9	3.0	Apr 26, 2024	J-GAAP
Apr - Jun, 2024	23,461	761	937	1,010	63.2	3.2	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	24,137	664	638	366	22.9	2.8	Oct 31, 2024	J-GAAP
YoY	-8.9%	-31.3%	-34.8%	-42.5%	-42.6%