Techno Medica Co., Ltd., First Half Ordinary Profit Decreases by 44%, July-September Ordinary Profit Decreases by 90%

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Thu Nov 7, 2024 3:30 pm JST Earnings

6678 Techno Medica Co., Ltd. 【J-GAAP】

Earnings Report

Techno Medica Co., Ltd. <6678> [TSE-S] announced its financial results after the market closed on November 7th (15:30). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 44.1% from the same period last year to 298 million yen. The progress rate against the 1.4 billion yen full-year plan was 21.3%, also falling below the five-year average of 33.1%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to decrease by 17.6% from the same period last year to 1.1 billion yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit significantly dropped to 43 million yen, a 90.3% decrease compared to the same period last year. The operating profit margin sharply declined from 19.3% in the same period last year to 2.6%.

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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	3,772	446	454	309	36.7	27.2	Nov 4, 2022	J-GAAP
Apr - Sep, 2023	4,056	523	533	376	46.2	28.5	Nov 7, 2023	J-GAAP
Apr - Sep, 2024	4,116	304	298	221	32.1	21.3	Nov 7, 2024	J-GAAP
YoY	+1.5%	-41.9%	-44.1%	-41.2%	-30.5%

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	4,300	350	350	240	34.6	0	May 9, 2024	J-GAAP
Apr - Sep, 2024 Results	4,116	304	298	221	32.1	－	Nov 7, 2024	J-GAAP
Revision Rate	-4.3%	-13.1%	-14.9%	-7.9%	-7.4%

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	6,227	1,317	1,337	972	124.7	68	May 9, 2024	J-GAAP
Oct - Mar, 2024 Guidance	5,884	1,096	1,102	749	108.1	68	Nov 7, 2024	J-GAAP
YoY	-5.5%	-16.8%	-17.6%	-22.9%	-13.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	9,367	1,649	1,668	1,150	136.4	60	May 10, 2023	J-GAAP
Mar, 2024	10,283	1,840	1,870	1,348	173.0	68	May 9, 2024	J-GAAP
Mar, 2025 Guidance	10,000	1,400	1,400	970	139.9	68	May 9, 2024	J-GAAP
YoY	-2.8%	-23.9%	-25.1%	-28.0%	-19.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	2,286	442	442	304	37.3	19.3	Nov 7, 2023	J-GAAP
Oct - Dec, 2023	2,368	405	404	270	33.5	17.1	Feb 7, 2024	J-GAAP
Jan - Mar, 2024	3,859	912	933	702	90.1	23.6	May 9, 2024	J-GAAP
Apr - Jun, 2024	1,999	250	255	173	25.1	12.5	Aug 7, 2024	J-GAAP
Jul - Sep, 2024	2,117	54	43	48	7.0	2.6	Nov 7, 2024	J-GAAP
YoY	-7.4%	-87.8%	-90.3%	-84.2%	-81.4%