TAISEI CORPORATION, The Current Fiscal Year Ordinary Profit Revised Upward by 8%

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Thu Nov 7, 2024 1:00 pm JST Earnings

1801 TAISEI CORPORATION 【J-GAAP】

Earnings Report

TAISEI CORPORATION <1801> [TSE-P] announced its financial results in the afternoon session on November 7th (13:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 2.7 times that of the same period last year, reaching 49.7 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward by 7.8%, from the previous forecast of 90 billion yen to 97 billion yen (compared to 38.9 billion yen in the previous period), increasing the growth rate from 2.3 times to 2.5 times.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to surge by 2.3 times that of the same period last year, reaching 47.2 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 21.6 billion yen, a 4.8% decrease compared to the same period last year. The operating profit margin worsened from 5.2% in the same period last year to 4.4%.

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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	718,541	22,413	27,728	18,518	93.2	43.9	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	738,133	13,069	18,306	14,873	79.2	47.0	Nov 13, 2023	J-GAAP
Apr - Sep, 2024	952,298	40,533	49,748	44,849	244.0	51.3	Nov 7, 2024	J-GAAP
YoY	+29.0%	+210.1%	+171.8%	+201.5%	+208.0%

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	ー	ー	ー	ー	－	65	May 13, 2024	J-GAAP
Apr - Sep, 2024 Results	952,298	40,533	49,748	44,849	244.0	65	Nov 7, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	1,990,000	87,000	90,000	65,000	364.4	130	May 13, 2024	J-GAAP
Mar, 2025 New	1,990,000	87,000	97,000	83,000	465.3	130	Nov 7, 2024	J-GAAP
Revision Rate	0.0%	0.0%	+7.8%	+27.7%	+27.7%

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	1,026,890	13,411	20,604	25,399	136.1	65	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	1,037,702	46,467	47,252	38,151	213.9	65	Nov 7, 2024	J-GAAP
YoY	+1.1%	+246.5%	+129.3%	+50.2%	+57.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	1,642,712	54,740	63,125	47,124	241.2	130	May 12, 2023	J-GAAP
Mar, 2024	1,765,023	26,480	38,910	40,272	215.8	130	May 13, 2024	J-GAAP
Mar, 2025 Guidance	1,990,000	87,000	97,000	83,000	465.3	130	Nov 7, 2024	J-GAAP
YoY	+12.7%	+228.5%	+149.3%	+106.1%	+115.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	409,219	21,109	22,733	17,151	91.3	5.2	Nov 13, 2023	J-GAAP
Oct - Dec, 2023	408,191	4,443	6,787	4,886	26.1	1.1	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	618,699	8,968	13,817	20,513	109.9	1.4	May 13, 2024	J-GAAP
Apr - Jun, 2024	457,064	18,790	28,107	23,356	126.7	4.1	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	495,234	21,743	21,641	21,493	116.9	4.4	Nov 7, 2024	J-GAAP
YoY	+21.0%	+3.0%	-4.8%	+25.3%	+28.0%