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TSUBAKIMOTO KOGYO CO.,LTD., July-September (2Q) Ordinary Profit Increases by 34%

Thu Oct 31, 2024 4:00 pm JST Earnings

8052 TSUBAKIMOTO KOGYO CO.,LTD. 【J-GAAP】

Earnings Report

TSUBAKIMOTO KOGYO CO.,LTD. <8052> [TSE-P] announced its financial results after the market closed on October 31st (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was 2.79 billion yen, a 1.6% decrease compared to the same period last year, resulting in a decrease in profits compared to the previous forecast of a 2.8% increase.

The progress rate against the 5.9 billion yen full-year plan was 47.4%, almost the same as the five-year average of 49.3%.

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 13.5% from the same period last year, reaching 3.1 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 34.2% from the same period last year, reaching 1.86 billion yen. The operating profit margin improved from 4.6% in the same period last year to 5.7%.

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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 51,737 2,267 2,452 1,649 87.8 45.1 Oct 28, 2022 J-GAAP
Apr - Sep, 2023 55,893 2,636 2,841 1,927 102.6 50.9 Oct 27, 2023 J-GAAP
Apr - Sep, 2024 56,600 2,566 2,795 1,888 100.5 47.4 Oct 31, 2024 J-GAAP
YoY +1.3% -2.7% -1.6% -2.0% -2.0%

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 57,000 2,700 2,920 1,940 103.3 15 May 8, 2024 J-GAAP
Apr - Sep, 2024 Results 56,600 2,566 2,795 1,888 100.5 15 Oct 31, 2024 J-GAAP
Revision Rate -0.7% -5.0% -4.3% -2.7% -2.7%

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 57,610 2,597 2,736 2,073 110.3 46.67 May 8, 2024 J-GAAP
Oct - Mar, 2024 Guidance 59,400 2,934 3,105 2,012 109.6 45 Oct 31, 2024 J-GAAP
YoY +3.1% +13.0% +13.5% -2.9% -0.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 107,963 5,102 5,434 3,667 195.2 50 May 9, 2023 J-GAAP
Mar, 2024 113,503 5,233 5,577 4,000 212.9 60 May 8, 2024 J-GAAP
Mar, 2025 Guidance 116,000 5,500 5,900 3,900 212.4 60 May 8, 2024 J-GAAP
YoY +2.2% +5.1% +5.8% -2.5% -0.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 29,790 1,359 1,388 916 48.8 4.6 Oct 27, 2023 J-GAAP
Oct - Dec, 2023 27,246 1,253 1,382 963 51.3 4.6 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 30,364 1,344 1,354 1,110 59.1 4.4 May 8, 2024 J-GAAP
Apr - Jun, 2024 24,519 725 932 568 30.3 3.0 Jul 26, 2024 J-GAAP
Jul - Sep, 2024 32,081 1,841 1,863 1,320 70.3 5.7 Oct 31, 2024 J-GAAP
YoY +7.7% +35.5% +34.2% +44.1% +44.1%

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