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TAKADA CORPORATION, First Half Ordinary Profit Increases by 6%

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 35.2 50 Nov 6, 2024 J-GAAP
YoY +18.5% -46.9% -55.4% -53.9% -59.6%

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 1,350 187.0 50 Oct 30, 2024 J-GAAP
YoY +9.1% -13.3% -16.1% -19.1% -29.1%

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%

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