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TAKADAKIKO(Steel Construction)CO.,LTD., First Half Ordinary Profit Decreases by 71%

Fri Nov 8, 2024 1:00 pm JST Earnings

5923 TAKADAKIKO(Steel Construction)CO.,LTD. 【J-GAAP】

Earnings Report

TAKADAKIKO(Steel Construction)CO.,LTD. <5923> [TSE-S] announced its financial results in the afternoon session on November 8th (13:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) significantly dropped by 70.8% from the same period last year to 252 million yen. The progress rate against the 350 million yen full-year plan was 72.0%, also surpassing the five-year average of 48.9%.

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 significant drop by 83.0% from the same period last year to 98 million yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit significantly dropped to 157 million yen, a 64.3% decrease compared to the same period last year. The operating profit margin drastically worsened from 8.9% in the same period last year to 3.3%.

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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 7,324 163 237 184 29.1 48.3 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 9,268 779 863 609 100.2 60.0 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 9,291 176 252 260 42.7 72.0 Nov 8, 2024 J-GAAP
YoY +0.2% -77.4% -70.8% -57.3% -57.4%

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 9,200 170 250 260 42.6 25 Oct 25, 2024 J-GAAP
Apr - Sep, 2024 Results 9,291 176 252 260 42.7 25 Nov 8, 2024 J-GAAP
Revision Rate +1.0% +3.5% +0.8% 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 10,427 569 575 289 47.5 33.33 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 8,709 24 98 40 6.9 25 Nov 8, 2024 J-GAAP
YoY -16.5% -95.8% -83.0% -86.2% -85.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 15,978 374 491 340 54.6 33.33 May 11, 2023 J-GAAP
Mar, 2024 19,695 1,348 1,438 898 147.6 50 May 10, 2024 J-GAAP
Mar, 2025 Guidance 18,000 200 350 300 52.0 50 Oct 25, 2024 J-GAAP
YoY -8.6% -85.2% -75.7% -66.6% -64.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 4,816 428 440 307 50.5 8.9 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 5,137 68 110 74 12.2 1.3 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 5,290 501 465 215 35.3 9.5 May 10, 2024 J-GAAP
Apr - Jun, 2024 4,566 19 95 61 10.2 0.4 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 4,725 157 157 199 32.7 3.3 Nov 8, 2024 J-GAAP
YoY -1.9% -63.3% -64.3% -35.2% -35.4%

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