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TDC SOFT Inc., The Current Fiscal Year Ordinary Profit Revised Upward by 5%, Adds to Record High Profit Forecast

Thu Nov 7, 2024 1:00 pm JST Earnings

4687 TDC SOFT Inc. 【J-GAAP】

Earnings Report

TDC SOFT Inc. <4687> [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) increased by 26.5% from the same period last year, reaching 2.44 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward by 5.4%, from the previous forecast of 4.6 billion yen to 4.85 billion yen (compared to 4.25 billion yen in the previous period), increasing the growth rate from 8.2% to 14.0%, further surpassing the previous forecast of record-high profits for nine consecutive terms.

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 grow by 3.7% from the same period last year, reaching 2.4 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 14.2% from the same period last year, reaching 1.31 billion yen. The operating profit margin rose from 11.5% in the same period last year to 11.8%.

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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 16,793 1,851 1,922 1,301 27.2 51.8 Nov 8, 2022 J-GAAP
Apr - Sep, 2023 18,856 1,858 1,930 1,310 27.5 45.4 Nov 7, 2023 J-GAAP
Apr - Sep, 2024 21,349 2,401 2,442 1,652 35.1 50.4 Nov 7, 2024 J-GAAP
YoY +13.2% +29.2% +26.5% +26.1% +27.5%

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 21,300 2,400 2,440 1,650 35.0 0 Oct 29, 2024 J-GAAP
Apr - Sep, 2024 Results 21,349 2,401 2,442 1,652 35.1 0 Nov 7, 2024 J-GAAP
Revision Rate +0.2% +0.0% +0.1% +0.1% +0.1%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 43,000 4,300 4,600 3,090 65.6 24 May 10, 2024 J-GAAP
Mar, 2025 New 44,000 4,750 4,850 3,260 69.2 24 Nov 7, 2024 J-GAAP
Revision Rate +2.3% +10.5% +5.4% +5.5% +5.5%

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 20,842 1,949 2,323 1,779 37.4 24 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 22,651 2,349 2,408 1,608 34.1 24 Nov 7, 2024 J-GAAP
YoY +8.7% +20.5% +3.7% -9.6% -8.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 35,242 3,458 3,714 2,490 52.2 22.50 May 11, 2023 J-GAAP
Mar, 2024 39,698 3,807 4,253 3,089 64.9 24 May 10, 2024 J-GAAP
Mar, 2025 Guidance 44,000 4,750 4,850 3,260 69.2 24 Nov 7, 2024 J-GAAP
YoY +10.8% +24.8% +14.0% +5.5% +6.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 9,928 1,139 1,154 782 16.4 11.5 Nov 7, 2023 J-GAAP
Oct - Dec, 2023 9,888 1,054 1,431 955 20.0 10.7 Feb 7, 2024 J-GAAP
Jan - Mar, 2024 10,954 895 892 824 17.3 8.2 May 10, 2024 J-GAAP
Apr - Jun, 2024 10,222 1,084 1,124 760 16.1 10.6 Aug 6, 2024 J-GAAP
Jul - Sep, 2024 11,127 1,317 1,318 892 18.9 11.8 Nov 7, 2024 J-GAAP
YoY +12.1% +15.6% +14.2% +14.1% +15.4%

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