Taikisha Ltd., First Half Ordinary Profit Decreases by 13%

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Mon Nov 11, 2024 12:00 pm JST Earnings

1979 Taikisha Ltd. 【J-GAAP】

Earnings Report

Taikisha Ltd. <1979> [TSE-P] announced its financial results at noon (12:00) on November 11th. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 12.6% from the same period last year to 7.07 billion yen. The progress rate against the 15 billion yen full-year plan was 47.2%, which was higher than the five-year average of 37.5%.

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 drop by 32.6% from the same period last year to 7.92 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 4.26 billion yen, a 6.2% decrease compared to the same period last year. However, the operating profit margin improved from 5.6% in the same period last year to 6.0%.

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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	85,779	3,847	4,657	2,443	71.8	35.8	Nov 10, 2022	J-GAAP
Apr - Sep, 2023	130,411	7,427	8,101	6,626	199.5	40.8	Nov 13, 2023	J-GAAP
Apr - Sep, 2024	114,626	6,274	7,078	5,673	173.9	47.2	Nov 11, 2024	J-GAAP
YoY	-12.1%	-15.5%	-12.6%	-14.4%	-12.9%

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	114,600	6,200	7,000	5,600	172.7	60	Oct 29, 2024	J-GAAP
Apr - Sep, 2024 Results	114,626	6,274	7,078	5,673	173.9	60	Nov 11, 2024	J-GAAP
Revision Rate	+0.0%	+1.2%	+1.1%	+1.3%	+0.7%

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	163,145	10,843	11,751	8,976	271.5	81	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	143,374	7,726	7,922	4,527	139.6	84	Nov 11, 2024	J-GAAP
YoY	-12.1%	-28.7%	-32.6%	-49.6%	-48.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	214,793	11,556	13,001	7,917	234.6	121	May 15, 2023	J-GAAP
Mar, 2024	293,556	18,270	19,852	15,602	471.9	131	May 15, 2024	J-GAAP
Mar, 2025 Guidance	258,000	14,000	15,000	10,200	314.6	144	May 15, 2024	J-GAAP
YoY	-12.1%	-23.4%	-24.4%	-34.6%	-33.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	73,829	4,139	4,540	3,052	91.9	5.6	Nov 13, 2023	J-GAAP
Oct - Dec, 2023	74,874	4,695	5,198	3,600	108.7	6.3	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	88,271	6,148	6,553	5,376	162.6	7.0	May 15, 2024	J-GAAP
Apr - Jun, 2024	53,089	2,564	2,818	2,439	74.5	4.8	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	61,537	3,710	4,260	3,234	99.1	6.0	Nov 11, 2024	J-GAAP
YoY	-16.6%	-10.4%	-6.2%	+6.0%	+7.8%