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Tamron Co.,Ltd., The Current Fiscal Year Ordinary Profit Revised Upward by 2%, Adds to Record High Profit Forecast

Wed Nov 6, 2024 3:30 pm JST Earnings

7740 Tamron Co.,Ltd. 【J-GAAP】

Earnings Report

Tamron Co.,Ltd. <7740> [TSE-P] announced its financial results after the market closed on November 6th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) expanded to 16.6 billion yen, an increase of 58.6% compared to the same period last year.

In addition, the full-year consolidated ordinary profit has been revised upward by 2.1%, from the previous forecast of 19.1 billion yen to 19.5 billion yen (compared to 13.9 billion yen in the previous period), increasing the growth rate from 36.7% to 39.6%, further surpassing the previous forecast of record-high profits for three consecutive terms.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the July to December period (second half) is expected to increase by 4.9%, from the previous forecast of 8.14 billion yen to 8.54 billion yen (compared to 7.08 billion yen in the same period of the previous year), increasing the growth rate from 15.0% to 20.7%.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit increased by 57.8% from the same period last year, reaching 5.71 billion yen. The operating profit margin rose from 19.5% in the same period last year to 25.0%.

Kabutan News

Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jan - Sep, 2022 47,716 8,788 9,340 6,823 163.5 81.2 Nov 2, 2022 J-GAAP
Jan - Sep, 2023 51,783 10,182 10,515 7,956 190.3 75.3 Nov 2, 2023 J-GAAP
Jan - Sep, 2024 68,456 16,732 16,673 12,228 295.8 85.5 Nov 6, 2024 J-GAAP
YoY +32.2% +64.3% +58.6% +53.7% +55.4%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 Prev 42,647 8,261 8,146 6,092 147.8 90 Aug 8, 2024 J-GAAP
Jul - Dec, 2024 New 44,147 8,761 8,546 6,392 155.1 90 Nov 6, 2024 J-GAAP
Revision Rate +3.5% +6.1% +4.9% +4.9% +4.9%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2024 Prev 87,500 19,100 19,100 14,130 342.8 125 Aug 8, 2024 J-GAAP
Dec, 2024 New 89,000 19,600 19,500 14,430 350.1 125 Nov 6, 2024 J-GAAP
Revision Rate +1.7% +2.6% +2.1% +2.1% +2.1%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2023 38,674 7,130 7,081 5,483 131.1 67.50 Feb 8, 2024 J-GAAP
Jul - Dec, 2024 Guidance 44,147 8,761 8,546 6,392 155.1 90 Nov 6, 2024 J-GAAP
YoY +14.2% +22.9% +20.7% +16.6% +18.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 63,445 11,038 11,496 8,350 200.0 60 Feb 8, 2023 J-GAAP
Dec, 2023 71,426 13,607 13,972 10,812 258.6 85 Feb 8, 2024 J-GAAP
Dec, 2024 Guidance 89,000 19,600 19,500 14,430 350.1 125 Nov 6, 2024 J-GAAP
YoY +24.6% +44.0% +39.6% +33.5% +35.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 19,031 3,705 3,624 2,627 62.8 19.5 Nov 2, 2023 J-GAAP
Oct - Dec, 2023 19,643 3,425 3,457 2,856 68.3 17.4 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 19,819 4,547 4,598 3,344 80.4 22.9 Apr 26, 2024 J-GAAP
Apr - Jun, 2024 25,034 6,292 6,356 4,694 113.4 25.1 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 23,603 5,893 5,719 4,190 101.4 25.0 Nov 6, 2024 J-GAAP
YoY +24.0% +59.1% +57.8% +59.5% +61.3%

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