TAKANO CO.,Ltd., First Half Ordinary Profit Turns to Loss, July-September Ordinary Profit Turns to Loss

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Fri Nov 8, 2024 3:30 pm JST Earnings

7885 TAKANO CO.,Ltd. 【J-GAAP】

Earnings Report

TAKANO CO.,Ltd. <7885> [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 loss of 381 million yen (compared to a profit of 172 million yen in the same period last year).

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 grow by 9.4% from the same period last year, reaching 931 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a loss of 233 million yen (compared to a profit of 157 million yen in the same period last year). The operating profit/loss margin drastically worsened from 2.2% in the same period last year to -4.7%.

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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	10,222	201	278	180	11.9	25.2	Nov 4, 2022	J-GAAP
Apr - Sep, 2023	11,568	75	172	263	17.3	16.8	Nov 2, 2023	J-GAAP
Apr - Sep, 2024	9,661	-398	-381	-106	-7.0	ー	Nov 8, 2024	J-GAAP
YoY	-16.5%	－	－	－	－

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	10,200	-480	-400	-250	-16.4	0	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	9,661	-398	-381	-106	-7.0	0	Nov 8, 2024	J-GAAP
Revision Rate	-5.3%	+17.1%	+4.8%	+57.6%	+57.2%

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	13,605	805	851	338	22.2	20	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	14,339	818	931	656	43.1	20	Nov 8, 2024	J-GAAP
YoY	+5.4%	+1.6%	+9.4%	+94.1%	+94.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	23,037	999	1,103	828	54.5	18	May 12, 2023	J-GAAP
Mar, 2024	25,173	880	1,023	601	39.5	20	May 10, 2024	J-GAAP
Mar, 2025 Guidance	24,000	420	550	550	36.1	20	May 10, 2024	J-GAAP
YoY	-4.7%	-52.3%	-46.2%	-8.5%	-8.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	6,028	134	157	279	18.4	2.2	Nov 2, 2023	J-GAAP
Oct - Dec, 2023	6,023	126	141	22	1.5	2.1	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	7,582	679	710	316	20.8	9.0	May 10, 2024	J-GAAP
Apr - Jun, 2024	4,778	-167	-148	-116	-7.7	-3.5	Aug 2, 2024	J-GAAP
Jul - Sep, 2024	4,883	-231	-233	10	0.7	-4.7	Nov 8, 2024	J-GAAP
YoY	-19.0%	－	－	-96.4%	-96.4%