TAKADA CORPORATION, First Half Ordinary Profit Increases by 6%

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Wed Nov 6, 2024 3:00 pm JST Earnings

1966 TAKADA CORPORATION 【J-GAAP】

Earnings Report

TAKADA CORPORATION <1966> [TSE-S] announced its financial results in the afternoon session on November 6th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 5.6% from the same period last year, reaching 1.62 billion yen. The progress rate against the 2 billion yen full-year plan was 81.1%, also surpassing the five-year average of 57.0%.

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 significant drop by 55.4% from the same period last year to 379 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit amounted to 1.01 billion yen, a 1.3% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 7.6% in the same period last year to 7.5%.

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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	28,798	1,023	1,031	623	98.5	37.9	Nov 4, 2022	J-GAAP
Apr - Sep, 2023	27,895	1,581	1,535	1,117	176.7	64.4	Nov 6, 2023	J-GAAP
Apr - Sep, 2024	28,132	1,645	1,621	1,096	173.0	81.1	Nov 6, 2024	J-GAAP
YoY	+0.8%	+4.0%	+5.6%	-1.9%	-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	28,130	1,640	1,620	1,090	171.8	0	Oct 30, 2024	J-GAAP
Apr - Sep, 2024 Results	28,132	1,645	1,621	1,096	173.0	0	Nov 6, 2024	J-GAAP
Revision Rate	+0.0%	+0.3%	+0.1%	+0.6%	+0.7%

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	24,362	819	850	551	87.1	50	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	28,868	435	379	254	39.4	50	Nov 6, 2024	J-GAAP
YoY	+18.5%	-46.9%	-55.4%	-53.9%	-54.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	57,881	2,680	2,720	1,646	258.0	10	May 11, 2023	J-GAAP
Mar, 2024	52,257	2,400	2,385	1,668	263.6	50	May 13, 2024	J-GAAP
Mar, 2025 Guidance	57,000	2,080	2,000	1,350	209.6	50	Oct 30, 2024	J-GAAP
YoY	+9.1%	-13.3%	-16.1%	-19.1%	-20.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	14,211	1,078	1,029	813	128.6	7.6	Nov 6, 2023	J-GAAP
Oct - Dec, 2023	12,214	604	615	413	65.3	4.9	Feb 6, 2024	J-GAAP
Jan - Mar, 2024	12,148	215	235	138	21.8	1.8	May 13, 2024	J-GAAP
Apr - Jun, 2024	13,838	570	605	386	61.0	4.1	Aug 6, 2024	J-GAAP
Jul - Sep, 2024	14,294	1,075	1,016	710	112.1	7.5	Nov 6, 2024	J-GAAP
YoY	+0.6%	-0.3%	-1.3%	-12.7%	-12.8%