TAKASAGO INTERNATIONAL CORPORATION, The Current Fiscal Year Ordinary Profit Revised Upward by 2.2 times, Highest in Three Terms, Dividend Revised Upward by 80 yen

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Fri Nov 8, 2024 3:30 pm JST Earnings

4914 TAKASAGO INTERNATIONAL CORPORATION 【J-GAAP】

Earnings Report

TAKASAGO INTERNATIONAL CORPORATION <4914> [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) surged by 2.1 times that of the same period last year, reaching 6.89 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward by 2.2 times, from the previous forecast of 5 billion yen to 11 billion yen (compared to 4.7 billion yen in the previous period), increasing the growth rate from 6.2% to 2.3 times, reaches new record high for the first time in three terms.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to surge by 3.0 times that of the same period last year, reaching 4.1 billion yen.

In light of the strong performance, the company has significantly increased its planned annual dividend for the current fiscal year from the original plan of 80 yen to 160 yen (compared to 70 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 4.7% from the same period last year, reaching 1.29 billion yen. The operating profit margin significantly improved from 2.0% in the same period last year to 6.9%.

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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	95,208	4,784	7,148	5,440	277.0	89.8	Nov 10, 2022	J-GAAP
Apr - Sep, 2023	98,572	1,532	3,328	2,132	109.6	70.7	Nov 9, 2023	J-GAAP
Apr - Sep, 2024	113,585	8,004	6,895	4,898	251.5	62.7	Nov 8, 2024	J-GAAP
YoY	+15.2%	+422.5%	+107.2%	+129.7%	+129.6%

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	－	40	May 15, 2024	J-GAAP
Apr - Sep, 2024 Results	113,585	8,004	6,895	4,898	251.5	80	Nov 8, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	205,000	4,000	5,000	4,500	230.9	80	May 15, 2024	J-GAAP
Mar, 2025 New	220,000	10,000	11,000	8,000	410.4	160	Nov 8, 2024	J-GAAP
Revision Rate	+7.3%	+150.0%	+120.0%	+77.8%	+77.8%

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	97,368	784	1,379	566	29.1	35	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	106,415	1,996	4,105	3,102	159.2	80	Nov 8, 2024	J-GAAP
YoY	+9.3%	+154.6%	+197.7%	+448.1%	+447.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	186,792	5,947	7,958	7,393	376.6	70	May 15, 2023	J-GAAP
Mar, 2024	195,940	2,316	4,707	2,698	138.6	70	May 15, 2024	J-GAAP
Mar, 2025 Guidance	220,000	10,000	11,000	8,000	410.4	160	Nov 8, 2024	J-GAAP
YoY	+12.3%	+331.8%	+133.7%	+196.5%	+196.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	50,040	1,000	1,237	1,112	57.1	2.0	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	50,000	1,077	715	1,111	57.1	2.2	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	47,368	-293	664	-545	-28.0	-0.6	May 15, 2024	J-GAAP
Apr - Jun, 2024	55,459	4,018	5,600	3,897	200.1	7.2	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	58,126	3,986	1,295	1,001	51.4	6.9	Nov 8, 2024	J-GAAP
YoY	+16.2%	+298.6%	+4.7%	-10.0%	-10.0%