TAC CO.,LTD., First Half Ordinary Profit Increases by 3.7 times, Exceeds Full-Year Plan

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Wed Nov 6, 2024 4:00 pm JST Earnings

4319 TAC CO.,LTD. 【J-GAAP】

Earnings Report

TAC CO.,LTD. <4319> [TSE-S] announced its financial results after the market closed on November 6th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 3.7 times that of the same period last year, reaching 844 million yen. The progress rate against the full-year plan of 220 million yen is 383.6%, already exceeding the target and also exceeding the four-year average of 237.0%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary loss for the October to March period (second half) is expected to expand to a loss of 624 million yen (compared to a loss of 555 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged to 4.6 times that of the same period last year, reaching 546 million yen. The operating profit margin drastically improved from 2.6% in the same period last year to 9.9%.

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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	10,762	941	925	614	33.2	285.5	Nov 7, 2022	J-GAAP
Apr - Sep, 2023	10,125	252	226	173	9.6	ー	Nov 6, 2023	J-GAAP
Apr - Sep, 2024	10,135	823	844	577	31.9	383.6	Nov 6, 2024	J-GAAP
YoY	+0.1%	+226.6%	+273.5%	+233.5%	+232.3%

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	10,135	823	844	577	31.8	2	Nov 1, 2024	J-GAAP
Apr - Sep, 2024 Results	10,135	823	844	577	31.9	2	Nov 6, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	+0.2%

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	8,876	-559	-555	-392	-21.7	3	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	9,085	-553	-624	-427	-23.5	2	Nov 1, 2024	J-GAAP
YoY	+2.4%	+1.1%	-12.4%	-8.9%	-8.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	19,711	319	324	214	11.7	6	May 15, 2023	J-GAAP
Mar, 2024	19,001	-307	-329	-219	-12.1	6	May 15, 2024	J-GAAP
Mar, 2025 Guidance	19,220	270	220	150	8.3	4	May 15, 2024	J-GAAP
YoY	+1.2%	－	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	4,919	129	120	90	5.0	2.6	Nov 6, 2023	J-GAAP
Oct - Dec, 2023	4,244	-573	-579	-409	-22.6	-13.5	Feb 6, 2024	J-GAAP
Jan - Mar, 2024	4,632	14	24	17	0.9	0.3	May 15, 2024	J-GAAP
Apr - Jun, 2024	5,023	318	298	196	10.9	6.3	Aug 6, 2024	J-GAAP
Jul - Sep, 2024	5,112	505	546	381	21.0	9.9	Nov 6, 2024	J-GAAP
YoY	+3.9%	+291.5%	+355.0%	+323.3%	+321.6%