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

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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	ー	ー	ー	ー	－	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%