TACMINA CORPORATION, First Half Ordinary Profit Increases by 11%

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Fri Nov 1, 2024 4:00 pm JST Earnings

6322 TACMINA CORPORATION 【J-GAAP】

Earnings Report

TACMINA CORPORATION <6322> [TSE-S] announced its financial results after the market closed on November 1st (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 11.4% from the same period last year, reaching 808 million yen. The progress rate against the 1.61 billion yen full-year plan was 50.0%, also surpassing the five-year average of 43.0%.

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 8.9% from the same period last year to 807 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit amounted to 470 million yen, a 1.7% decrease compared to the same period last year. The operating profit margin decreased from 16.9% in the same period last year to 16.7%.

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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	4,279	548	556	356	49.3	37.7	Nov 2, 2022	J-GAAP
Apr - Sep, 2023	5,043	704	725	508	70.4	45.0	Nov 2, 2023	J-GAAP
Apr - Sep, 2024	5,227	774	808	565	78.0	50.0	Nov 1, 2024	J-GAAP
YoY	+3.6%	+9.9%	+11.4%	+11.2%	+10.9%

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	5,227	774	808	565	77.9	25	Oct 18, 2024	J-GAAP
Apr - Sep, 2024 Results	5,227	774	808	565	78.0	25	Nov 1, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	+0.1%

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	5,972	878	886	687	95.0	25	May 8, 2024	J-GAAP
Oct - Mar, 2024 Guidance	6,273	826	807	635	92.2	25	Oct 18, 2024	J-GAAP
YoY	+5.0%	-5.9%	-8.9%	-7.6%	-3.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	9,744	1,458	1,475	1,060	146.8	50	May 10, 2023	J-GAAP
Mar, 2024	11,015	1,582	1,611	1,195	165.2	50	May 8, 2024	J-GAAP
Mar, 2025 Guidance	11,500	1,600	1,615	1,200	174.2	50	May 8, 2024	J-GAAP
YoY	+4.4%	+1.1%	+0.2%	+0.4%	+5.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	2,805	473	478	339	47.0	16.9	Nov 2, 2023	J-GAAP
Oct - Dec, 2023	2,914	377	382	270	37.4	12.9	Feb 2, 2024	J-GAAP
Jan - Mar, 2024	3,058	501	504	417	57.7	16.4	May 8, 2024	J-GAAP
Apr - Jun, 2024	2,501	318	338	231	31.9	12.7	Aug 2, 2024	J-GAAP
Jul - Sep, 2024	2,726	456	470	334	46.1	16.7	Nov 1, 2024	J-GAAP
YoY	-2.8%	-3.6%	-1.7%	-1.5%	-1.8%