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TAKARA HOLDINGS INC., First Half Ordinary Profit Decreases by 14%

Fri Nov 8, 2024 3:30 pm JST Earnings

2531 TAKARA HOLDINGS INC. 【J-GAAP】

Earnings Report

TAKARA HOLDINGS INC. <2531> [TSE-P] announced its financial results after the market closed on November 8th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 14.3% from the same period last year to 11.1 billion yen. The progress rate against the 26.3 billion yen full-year plan was 42.5%, also falling below the five-year average of 46.7%.

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 46.9% from the same period last year, reaching 15.1 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 19.6% from the same period last year, reaching 6.37 billion yen. The operating profit margin improved from 6.6% in the same period last year to 7.1%.

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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 164,279 19,614 19,972 10,873 55.0 51.6 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 163,172 12,464 13,032 8,043 40.7 55.8 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 176,539 10,532 11,166 9,088 46.6 42.5 Nov 8, 2024 J-GAAP
YoY +8.2% -15.5% -14.3% +13.0% +14.4%

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 171,000 10,400 10,800 8,600 44.0 － May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 176,539 10,532 11,166 9,088 46.6 － Nov 8, 2024 J-GAAP
Revision Rate +3.2% +1.3% +3.4% +5.7% +5.7%

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 176,200 9,778 10,304 8,133 41.3 29 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 185,461 15,168 15,134 8,112 41.6 31 Nov 8, 2024 J-GAAP
YoY +5.3% +55.1% +46.9% -0.3% +0.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 350,665 37,945 38,706 21,206 107.3 38 May 11, 2023 J-GAAP
Mar, 2024 339,372 22,242 23,336 16,176 82.1 29 May 10, 2024 J-GAAP
Mar, 2025 Guidance 362,000 25,700 26,300 17,200 88.1 31 May 10, 2024 J-GAAP
YoY +6.7% +15.5% +12.7% +6.3% +7.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 81,662 5,363 5,332 3,078 15.6 6.6 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 90,446 5,315 5,788 5,894 29.8 5.9 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 85,754 4,463 4,516 2,239 11.4 5.2 May 10, 2024 J-GAAP
Apr - Jun, 2024 84,956 4,064 4,791 5,170 26.5 4.8 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 91,583 6,468 6,375 3,918 20.1 7.1 Nov 8, 2024 J-GAAP
YoY +12.1% +20.6% +19.6% +27.3% +28.9%

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