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TECHNO RYOWA LTD., First Half Ordinary Profit Increases by 26%, July-September Ordinary Profit Increases by 40%

Wed Nov 6, 2024 2:00 pm JST Earnings

1965 TECHNO RYOWA LTD. 【J-GAAP】

Earnings Report

TECHNO RYOWA LTD. <1965> [TSE-S] announced its financial results in the afternoon session on November 6th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 26.3% from the same period last year, reaching 2.36 billion yen. However, The progress rate against the 7.5 billion yen full-year plan was 31.5%, almost the same as the five-year average of 34.0%.

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 grow by 14.1% from the same period last year, reaching 5.13 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 40.2% from the same period last year, reaching 1.48 billion yen. The operating profit margin improved from 5.2% in the same period last year to 8.1%.

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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 26,310 904 1,208 787 36.2 34.0 Nov 8, 2022 J-GAAP
Apr - Sep, 2023 31,671 1,423 1,869 1,236 56.8 29.3 Nov 8, 2023 J-GAAP
Apr - Sep, 2024 35,023 2,215 2,361 1,678 79.8 31.5 Nov 6, 2024 J-GAAP
YoY +10.6% +55.7% +26.3% +35.8% +40.5%

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 50 Sep 27, 2024 J-GAAP
Apr - Sep, 2024 Results 35,023 2,215 2,361 1,678 79.8 50 Nov 6, 2024 J-GAAP
Revision Rate

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 42,017 4,369 4,505 3,270 152.0 32 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 47,977 4,985 5,139 3,572 169.8 50 Nov 6, 2024 J-GAAP
YoY +14.2% +14.1% +14.1% +9.2% +11.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 61,030 3,175 3,557 2,339 107.4 36 May 12, 2023 J-GAAP
Mar, 2024 73,688 5,792 6,374 4,506 209.4 48 May 14, 2024 J-GAAP
Mar, 2025 Guidance 83,000 7,200 7,500 5,250 249.5 100 Sep 27, 2024 J-GAAP
YoY +12.6% +24.3% +17.7% +16.5% +19.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 17,158 892 1,057 706 32.4 5.2 Nov 8, 2023 J-GAAP
Oct - Dec, 2023 19,198 1,512 1,550 1,048 48.4 7.9 Feb 7, 2024 J-GAAP
Jan - Mar, 2024 22,819 2,857 2,955 2,222 103.3 12.5 May 14, 2024 J-GAAP
Apr - Jun, 2024 16,184 698 879 612 29.1 4.3 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 18,839 1,517 1,482 1,066 50.7 8.1 Nov 6, 2024 J-GAAP
YoY +9.8% +70.1% +40.2% +51.0% +56.3%

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