TEN ALLIED CO.,LTD., First Half Ordinary Profit Turns to Profit

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Fri Nov 8, 2024 3:30 pm JST Earnings

8207 TEN ALLIED CO.,LTD. 【J-GAAP】

Earnings Report

TEN ALLIED CO.,LTD. <8207> [TSE-S] announced its financial results after the market closed on November 8th (15:30). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a profit of 102 million yen (compared to a loss of 3 million yen in the same period last year), exceeded the previous forecast of 59 million yen.

The progress rate against the 234 million yen full-year plan was 43.6%.

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 decrease by 23.7% from the same period last year to 132 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 28 million yen, a 28.2% decrease compared to the same period last year. The operating profit margin worsened from 1.4% in the same period last year to 0.9%.

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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	4,360	-918	-451	-501	-17.7	ー	Nov 10, 2022	J-GAAP
Apr - Sep, 2023	5,451	-10	-3	-32	-1.0	ー	Nov 13, 2023	J-GAAP
Apr - Sep, 2024	5,858	98	102	69	1.9	43.6	Nov 8, 2024	J-GAAP
YoY	+7.5%	－	－	－	－

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	5,726	65	59	27	0.7	0	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	5,858	98	102	69	1.9	0	Nov 8, 2024	J-GAAP
Revision Rate	+2.3%	+50.8%	+72.9%	+155.6%	+159.5%

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	5,695	178	173	59	1.8	0	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	5,734	156	132	36	1.0	0	Nov 8, 2024	J-GAAP
YoY	+0.7%	-12.4%	-23.7%	-39.0%	-47.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	9,489	-1,328	-864	-1,147	-39.1	0	May 12, 2023	J-GAAP
Mar, 2024	11,146	168	170	27	0.8	0	May 10, 2024	J-GAAP
Mar, 2025 Guidance	11,592	254	234	105	2.8	0	May 10, 2024	J-GAAP
YoY	+4.0%	+51.2%	+37.6%	+288.9%	+236.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	2,718	39	39	28	0.9	1.4	Nov 13, 2023	J-GAAP
Oct - Dec, 2023	2,865	137	141	126	3.8	4.8	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	2,830	41	32	-67	-2.1	1.4	May 10, 2024	J-GAAP
Apr - Jun, 2024	2,951	71	74	59	1.7	2.4	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	2,907	27	28	10	0.3	0.9	Nov 8, 2024	J-GAAP
YoY	+7.0%	-30.8%	-28.2%	-64.3%	-68.2%