TANAKEN, First Half Ordinary Profit Increases by 100%, July-September Ordinary Profit Increases by 2.7 times

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Fri Nov 8, 2024 3:30 pm JST Earnings

1450 TANAKEN 【J-GAAP】

Earnings Report

TANAKEN <1450> [TSE-S] announced its financial results after the market closed on November 8th (15:30). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 1.09 billion yen, an increase of 99.6% compared to the same period last year. The progress rate against the 1.65 billion yen full-year plan was 66.3%, also surpassing the five-year average of 47.8%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to drop by 49.1% from the same period last year to 556 million yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit surged to 2.7 times that of the same period last year, reaching 611 million yen. The operating profit margin jumped from 10.5% in the same period last year to 19.9%.

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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	6,022	1,067	1,080	668	153.8	67.5	Nov 14, 2022	J-GAAP
Apr - Sep, 2023	4,401	526	548	328	75.6	33.4	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	5,639	1,089	1,094	681	156.6	66.3	Nov 8, 2024	J-GAAP
YoY	+28.1%	+107.0%	+99.6%	+107.6%	+107.1%

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	－	0	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	5,639	1,089	1,094	681	156.6	0	Nov 8, 2024	J-GAAP
Revision Rate	－	－	－	－	－

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	6,275	1,082	1,092	762	175.2	80	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	7,361	511	556	419	96.3	80	Nov 8, 2024	J-GAAP
YoY	+17.3%	-52.8%	-49.1%	-45.0%	-45.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	11,246	1,560	1,600	1,086	249.9	80	May 12, 2023	J-GAAP
Mar, 2024	10,676	1,608	1,640	1,090	250.7	80	May 10, 2024	J-GAAP
Mar, 2025 Guidance	13,000	1,600	1,650	1,100	252.9	80	May 10, 2024	J-GAAP
YoY	+21.8%	-0.5%	+0.6%	+0.9%	+0.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	2,116	223	229	140	32.3	10.5	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	3,137	394	402	261	60.0	12.6	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	3,138	688	690	501	115.2	21.9	May 10, 2024	J-GAAP
Apr - Jun, 2024	2,585	482	483	299	69.0	18.6	Aug 1, 2024	J-GAAP
Jul - Sep, 2024	3,054	607	611	382	87.9	19.9	Nov 8, 2024	J-GAAP
YoY	+44.3%	+172.2%	+166.8%	+172.9%	+172.2%