T.RAD Co.,Ltd., July-September (2Q) Ordinary Profit Decreases by 34%

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Tue Nov 5, 2024 3:40 pm JST Earnings

7236 T.RAD Co.,Ltd. 【J-GAAP】

Earnings Report

T.RAD Co.,Ltd. <7236> [TSE-P] announced its financial results after the market closed on November 5th (15:40). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 10.1% from the same period last year, reaching 2.88 billion yen, resulting in an increase in profits compared to the previous forecast of a 4.5% decrease.

The progress rate against the 4.5 billion yen full-year plan was 64.0%, almost the same as the five-year average of 64.1%.

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 drop by 40.5% from the same period last year to 1.61 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 827 million yen, a 33.8% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 2.5% in the same period last year to 2.5%.

Kabutan News

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	74,015	822	1,929	306	46.9	92.6	Nov 7, 2022	J-GAAP
Apr - Sep, 2023	80,225	2,125	2,617	1,151	176.4	49.0	Nov 6, 2023	J-GAAP
Apr - Sep, 2024	79,044	2,561	2,881	722	110.4	64.0	Nov 5, 2024	J-GAAP
YoY	-1.5%	+20.5%	+10.1%	-37.3%	-37.4%

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	75,000	1,800	2,500	800	122.0	90	Aug 5, 2024	J-GAAP
Apr - Sep, 2024 Results	79,044	2,561	2,881	722	110.4	90	Nov 5, 2024	J-GAAP
Revision Rate	+5.4%	+42.3%	+15.2%	-9.8%	-9.5%

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	78,434	2,225	2,722	94	14.4	100	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	79,956	1,439	1,619	778	119.6	90	Nov 5, 2024	J-GAAP
YoY	+1.9%	-35.3%	-40.5%	+727.7%	+731.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	149,413	1,050	2,083	-3,595	-550.9	80	May 15, 2023	J-GAAP
Mar, 2024	158,659	4,350	5,339	1,245	190.5	180	May 13, 2024	J-GAAP
Mar, 2025 Guidance	159,000	4,000	4,500	1,500	230.6	180	May 13, 2024	J-GAAP
YoY	+0.2%	-8.0%	-15.7%	+20.5%	+21.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	41,668	1,051	1,250	689	105.6	2.5	Nov 6, 2023	J-GAAP
Oct - Dec, 2023	41,910	1,034	915	201	30.8	2.5	Feb 5, 2024	J-GAAP
Jan - Mar, 2024	36,524	1,191	1,807	-107	-16.4	3.3	May 13, 2024	J-GAAP
Apr - Jun, 2024	38,334	1,544	2,054	418	64.0	4.0	Aug 5, 2024	J-GAAP
Jul - Sep, 2024	40,710	1,017	827	304	46.5	2.5	Nov 5, 2024	J-GAAP
YoY	-2.3%	-3.2%	-33.8%	-55.9%	-56.0%