kabutan

TEAC CORPORATION, First Half Net Income Loss Narrows, July-September Net Income Increases by 53%

Fri Nov 8, 2024 12:00 pm JST Earnings

6803 TEAC CORPORATION 【IFRS】

Earnings Report

TEAC CORPORATION <6803> [TSE-S] announced its financial results (based on IFRS) at noon (12:00) on November 8th. The consolidated net loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was a reduced loss of 344 million yen (compared to a loss of 368 million yen in the same period last year).

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to expand by 72.7% from the same period last year, reaching 544 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income increased by 53.1% from the same period last year, reaching 49 million yen. However, the operating profit/loss margin drastically worsened from 3.7% in the same period last year to -0.2%.

Kabutan News

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 7,601 278 34 31 1.1 10.0 Nov 4, 2022 IFRS
Apr - Sep, 2023 7,326 -47 -357 -368 -12.8 ー Nov 2, 2023 IFRS
Apr - Sep, 2024 6,736 -282 -361 -344 -12.0 ー Nov 8, 2024 IFRS
YoY -8.1% -500.0% -1.1% +6.5% +6.4%

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 － － May 10, 2024 IFRS
Apr - Sep, 2024 Results 6,736 -282 -361 -344 -12.0 － Nov 8, 2024 IFRS
Revision Rate － － － － －

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 8,346 492 362 315 11.0 1 May 10, 2024 IFRS
Oct - Mar, 2024 Guidance 9,264 782 611 544 18.9 1 Nov 8, 2024 IFRS
YoY +11.0% +58.9% +68.8% +72.7% +71.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 15,699 563 341 305 10.6 1 May 12, 2023 IFRS
Mar, 2024 15,672 445 5 -53 -1.9 1 May 10, 2024 IFRS
Mar, 2025 Guidance 16,000 500 250 200 6.9 1 May 10, 2024 IFRS
YoY +2.1% +12.4% +4,900.0% － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 3,977 147 32 32 1.1 3.7 Nov 2, 2023 IFRS
Oct - Dec, 2023 3,889 148 179 181 6.3 3.8 Feb 14, 2024 IFRS
Jan - Mar, 2024 4,457 344 183 134 4.7 7.7 May 10, 2024 IFRS
Apr - Jun, 2024 3,073 -275 -398 -393 -13.7 -8.9 Aug 9, 2024 IFRS
Jul - Sep, 2024 3,663 -7 37 49 1.7 -0.2 Nov 8, 2024 IFRS
YoY -7.9% － +15.6% +53.1% +53.2%

Related Articles