TENMA CORPORATION, First Half Ordinary Profit Decreases by 37%, July-September Ordinary Profit Decreases by 27%

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Fri Nov 8, 2024 3:30 pm JST Earnings

7958 TENMA CORPORATION 【J-GAAP】

Earnings Report

TENMA CORPORATION <7958> [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) dropped by 36.8% from the same period last year to 1.1 billion yen. The progress rate against the 2.8 billion yen full-year plan was 39.3%, almost the same as the five-year average of 39.8%.

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 decrease by 24.3% from the same period last year to 1.69 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 407 million yen, a 26.7% decrease compared to the same period last year. However, the operating profit margin improved from 0.8% in the same period last year to 1.2%.

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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	45,054	552	1,064	405	18.3	28.0	Nov 9, 2022	J-GAAP
Apr - Sep, 2023	47,286	936	1,742	1,382	64.1	43.7	Nov 9, 2023	J-GAAP
Apr - Sep, 2024	48,419	621	1,101	894	43.4	39.3	Nov 8, 2024	J-GAAP
YoY	+2.4%	-33.7%	-36.8%	-35.3%	-32.2%

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	47,000	500	1,000	900	44.3	40	Aug 9, 2024	J-GAAP
Apr - Sep, 2024 Results	48,419	621	1,101	894	43.4	40	Nov 8, 2024	J-GAAP
Revision Rate	+3.0%	+24.2%	+10.1%	-0.7%	-1.9%

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	45,645	426	2,243	1,709	80.2	42	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	51,581	1,579	1,699	2,606	130.3	42	Nov 8, 2024	J-GAAP
YoY	+13.0%	+270.7%	-24.3%	+52.5%	+62.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	102,053	3,007	3,801	2,800	127.4	82	May 12, 2023	J-GAAP
Mar, 2024	92,931	1,362	3,985	3,091	145.1	82	May 10, 2024	J-GAAP
Mar, 2025 Guidance	100,000	2,200	2,800	3,500	174.9	82	Aug 9, 2024	J-GAAP
YoY	+7.6%	+61.5%	-29.7%	+13.2%	+20.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	22,235	185	555	307	14.2	0.8	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	23,510	308	1,311	846	39.5	1.3	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	22,135	118	932	863	40.5	0.5	May 10, 2024	J-GAAP
Apr - Jun, 2024	23,534	329	694	451	21.7	1.4	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	24,885	292	407	443	21.5	1.2	Nov 8, 2024	J-GAAP
YoY	+11.9%	+57.8%	-26.7%	+44.3%	+51.2%