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

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

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%.

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	7,868	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%