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Teikoku Tsushin Kogyo Co.,Ltd, First Half Ordinary Profit Decreases by 24%, July-September Ordinary Profit Decreases by 62%

Fri Nov 8, 2024 2:00 pm JST Earnings

6763 Teikoku Tsushin Kogyo Co.,Ltd 【J-GAAP】

Earnings Report

Teikoku Tsushin Kogyo Co.,Ltd <6763> [TSE-P] announced its financial results in the afternoon session on November 8th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 23.9% from the same period last year to 899 million yen. However, The progress rate against the 1.6 billion yen full-year plan was 56.2%, also surpassing the five-year average of 52.8%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to expand by 85.9% from the same period last year, reaching 701 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 239 million yen, a 62.2% decrease compared to the same period last year. However, the operating profit margin rose from 10.7% in the same period last year to 13.8%.

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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 7,868 698 1,337 934 95.4 61.0 Nov 8, 2022 J-GAAP
Apr - Sep, 2023 7,830 664 1,182 909 93.2 75.8 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 7,968 876 899 699 73.4 56.2 Nov 8, 2024 J-GAAP
YoY +1.8% +31.9% -23.9% -23.1% -21.2%

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 8,100 700 900 700 73.5 50 Aug 8, 2024 J-GAAP
Apr - Sep, 2024 Results 7,968 876 899 699 73.4 50 Nov 8, 2024 J-GAAP
Revision Rate -1.6% +25.1% -0.1% -0.1% 0.0%

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 7,393 283 377 453 46.9 35 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 8,532 524 701 801 85.0 50 Nov 8, 2024 J-GAAP
YoY +15.4% +85.2% +85.9% +76.8% +81.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 16,493 1,601 2,192 1,385 141.5 60 May 12, 2023 J-GAAP
Mar, 2024 15,223 947 1,559 1,362 141.1 70 May 14, 2024 J-GAAP
Mar, 2025 Guidance 16,500 1,400 1,600 1,500 159.2 100 Aug 8, 2024 J-GAAP
YoY +8.4% +47.8% +2.6% +10.1% +12.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 4,141 442 633 551 56.5 10.7 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 3,859 284 254 130 13.4 7.4 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 3,534 -1 123 323 33.5 0.0 May 14, 2024 J-GAAP
Apr - Jun, 2024 3,626 275 660 494 51.9 7.6 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 4,342 601 239 205 21.5 13.8 Nov 8, 2024 J-GAAP
YoY +4.9% +36.0% -62.2% -62.8% -61.9%

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