Techno Smart Corp., First Half Ordinary Profit Decreases by 8%, July-September Ordinary Profit Decreases by 9%

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Fri Nov 8, 2024 4:00 pm JST Earnings

6246 Techno Smart Corp. 【J-GAAP】

Earnings Report

Techno Smart Corp. <6246> [TSE-S] announced its financial results after the market closed on November 8th (16:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 8.0% from the same period last year to 1.48 billion yen. The progress rate against the 3.1 billion yen full-year plan was 48.0%, also falling below the five-year average of 53.8%.

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 expand by 59.3% from the same period last year, reaching 1.61 billion yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit decreased to 1.05 billion yen, a 8.8% decrease compared to the same period last year. However, the operating profit margin rose from 21.5% in the same period last year to 23.8%.

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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	10,716	1,261	1,284	877	71.4	56.4	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	9,641	1,599	1,619	1,097	89.2	61.6	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	7,533	1,462	1,489	992	83.5	48.0	Nov 8, 2024	J-GAAP
YoY	-21.9%	-8.6%	-8.0%	-9.6%	-6.5%

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	7,530	1,460	1,480	1,000	81.2	41	Oct 25, 2024	J-GAAP
Apr - Sep, 2024 Results	7,533	1,462	1,489	992	83.5	41	Nov 8, 2024	J-GAAP
Revision Rate	+0.0%	+0.1%	+0.6%	-0.8%	+2.8%

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	9,601	989	1,011	707	57.5	41	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	14,167	1,638	1,611	1,108	96.6	41	Nov 8, 2024	J-GAAP
YoY	+47.6%	+65.6%	+59.3%	+56.7%	+68.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	19,677	2,232	2,277	1,607	130.7	74	May 12, 2023	J-GAAP
Mar, 2024	19,242	2,588	2,630	1,804	146.7	79	May 15, 2024	J-GAAP
Mar, 2025 Guidance	21,700	3,100	3,100	2,100	183.1	82	Oct 25, 2024	J-GAAP
YoY	+12.8%	+19.8%	+17.9%	+16.4%	+24.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	5,384	1,155	1,158	785	63.9	21.5	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	5,671	901	922	630	51.3	15.9	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	3,930	88	89	77	6.3	2.2	May 15, 2024	J-GAAP
Apr - Jun, 2024	3,092	405	433	291	23.7	13.1	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	4,441	1,057	1,056	701	59.0	23.8	Nov 8, 2024	J-GAAP
YoY	-17.5%	-8.5%	-8.8%	-10.7%	-7.6%