TAKARA STANDARD CO.,LTD., First Half Ordinary Profit Increases by 12%

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Wed Nov 6, 2024 3:30 pm JST Earnings

7981 TAKARA STANDARD CO.,LTD. 【J-GAAP】

Earnings Report

TAKARA STANDARD CO.,LTD. <7981> [TSE-P] announced its financial results after the market closed on November 6th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 11.6% from the same period last year, reaching 6.13 billion yen. However, The progress rate against the 14.7 billion yen full-year plan was 41.8%, also falling below the five-year average of 50.3%.

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 17.4% from the same period last year, reaching 8.56 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 8.8% from the same period last year, reaching 2.85 billion yen. The operating profit margin improved from 4.6% in the same period last year to 4.9%.

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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	110,096	6,086	6,390	4,150	57.3	55.6	Nov 1, 2022	J-GAAP
Apr - Sep, 2023	114,696	5,306	5,499	4,430	63.4	43.0	Nov 1, 2023	J-GAAP
Apr - Sep, 2024	115,957	5,957	6,138	3,883	56.8	41.8	Nov 6, 2024	J-GAAP
YoY	+1.1%	+12.3%	+11.6%	-12.3%	-10.3%

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	116,600	6,400	6,500	4,200	61.5	28	May 9, 2024	J-GAAP
Apr - Sep, 2024 Results	115,957	5,957	6,138	3,883	56.8	28	Nov 6, 2024	J-GAAP
Revision Rate	-0.6%	-6.9%	-5.6%	-7.5%	-7.5%

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	120,042	7,121	7,293	5,070	73.3	27	May 9, 2024	J-GAAP
Oct - Mar, 2024 Guidance	123,143	8,543	8,562	5,817	85.5	28	Nov 6, 2024	J-GAAP
YoY	+2.6%	+20.0%	+17.4%	+14.7%	+16.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	227,423	10,940	11,490	8,417	117.8	52	May 11, 2023	J-GAAP
Mar, 2024	234,738	12,427	12,792	9,500	137.3	54	May 9, 2024	J-GAAP
Mar, 2025 Guidance	239,100	14,500	14,700	9,700	142.5	56	May 9, 2024	J-GAAP
YoY	+1.9%	+16.7%	+14.9%	+2.1%	+3.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	57,459	2,623	2,625	2,505	35.8	4.6	Nov 1, 2023	J-GAAP
Oct - Dec, 2023	64,716	5,412	5,561	3,809	54.8	8.4	Feb 1, 2024	J-GAAP
Jan - Mar, 2024	55,326	1,709	1,732	1,261	18.2	3.1	May 9, 2024	J-GAAP
Apr - Jun, 2024	57,318	3,097	3,282	2,072	30.3	5.4	Aug 1, 2024	J-GAAP
Jul - Sep, 2024	58,639	2,860	2,856	1,811	26.5	4.9	Nov 6, 2024	J-GAAP
YoY	+2.1%	+9.0%	+8.8%	-27.7%	-26.0%