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Tenryu Saw Mfg. Co., Ltd., July-September (2Q) Ordinary Profit Decreases by 33%

Fri Nov 8, 2024 3:30 pm JST Earnings

5945 Tenryu Saw Mfg. Co., Ltd. 【J-GAAP】

Earnings Report

Tenryu Saw Mfg. Co., Ltd. <5945> [TSE-S] 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) increased by 15.5% from the same period last year, reaching 971 million yen. The progress rate against the 1.87 billion yen full-year plan was 51.8%, almost the same as the five-year average of 51.8%.

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 nearly flat at 904 million yen, up 0.8% from the same period last year.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 258 million yen, a 33.3% decrease compared to the same period last year. However, the operating profit margin significantly improved from 9.8% in the same period last year to 13.5%.

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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 7,211 1,231 1,646 1,142 123.4 70.2 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 5,358 538 841 600 64.9 48.4 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 6,566 916 971 680 73.5 51.8 Nov 8, 2024 J-GAAP
YoY +22.5% +70.3% +15.5% +13.3% +13.2%

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 5,900 740 875 612 66.1 0 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 6,566 916 971 680 73.5 0 Nov 8, 2024 J-GAAP
Revision Rate +11.3% +23.8% +11.0% +11.1% +11.1%

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 6,577 704 897 626 67.7 55 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 6,434 714 904 633 69.7 71 Nov 8, 2024 J-GAAP
YoY -2.2% +1.4% +0.8% +1.1% +2.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 13,530 1,736 2,345 1,655 178.8 65 May 12, 2023 J-GAAP
Mar, 2024 11,935 1,242 1,738 1,226 132.6 55 May 14, 2024 J-GAAP
Mar, 2025 Guidance 13,000 1,630 1,875 1,313 144.5 71 May 14, 2024 J-GAAP
YoY +8.9% +31.2% +7.9% +7.1% +9.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 2,764 272 387 251 27.2 9.8 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 3,400 310 295 209 22.6 9.1 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 3,177 394 602 417 45.1 12.4 May 14, 2024 J-GAAP
Apr - Jun, 2024 3,280 474 713 495 53.6 14.5 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 3,286 442 258 185 20.0 13.5 Nov 8, 2024 J-GAAP
YoY +18.9% +62.5% -33.3% -26.3% -26.4%

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