TENOX CORPORATION, First Half Ordinary Profit Increases by 94%, July-September Ordinary Profit Turns to Profit

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Fri Nov 8, 2024 3:15 pm JST Earnings

1905 TENOX CORPORATION 【J-GAAP】

Earnings Report

TENOX CORPORATION <1905> [TSE-S] announced its financial results in the afternoon session on November 8th (15:15). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 480 million yen, an increase of 94.3% compared to the same period last year. The progress rate against the 930 million yen full-year plan was 51.6%, also surpassing the five-year average of 31.6%.

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 45.2% from the same period last year, reaching 450 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a profit of profit of 483 million yen (compared to a loss of 38 million yen in the same period last year). The operating profit/loss margin drastically improved from -1.1% in the same period last year to 7.6%.

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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	8,511	234	265	207	31.3	38.2	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	9,729	215	247	195	30.0	44.3	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	12,115	442	480	293	44.6	51.6	Nov 8, 2024	J-GAAP
YoY	+24.5%	+105.6%	+94.3%	+50.3%	+48.8%

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	－	21	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	12,115	442	480	293	44.6	21	Nov 8, 2024	J-GAAP
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	10,478	305	310	193	29.5	19	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	12,885	448	450	357	53.8	22	Nov 8, 2024	J-GAAP
YoY	+23.0%	+46.9%	+45.2%	+85.0%	+82.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	18,317	653	694	482	73.3	35	May 12, 2023	J-GAAP
Mar, 2024	20,207	520	557	388	59.3	38	May 10, 2024	J-GAAP
Mar, 2025 Guidance	25,000	890	930	650	97.9	43	May 10, 2024	J-GAAP
YoY	+23.7%	+71.2%	+67.0%	+67.5%	+65.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	5,051	-57	-38	-28	-4.3	-1.1	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	5,341	100	112	90	13.8	1.9	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	5,137	205	198	103	15.7	4.0	May 10, 2024	J-GAAP
Apr - Jun, 2024	5,957	-28	-3	-6	-0.9	-0.5	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	6,158	470	483	299	45.5	7.6	Nov 8, 2024	J-GAAP
YoY	+21.9%	－	－	－	－