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TSURUMI MANUFACTURING CO.,LTD., First Half Ordinary Profit Decreases by 46%, July-September Ordinary Profit Turns to Loss
6351 TSURUMI MANUFACTURING CO.,LTD. 【J-GAAP】
Earnings ReportTSURUMI MANUFACTURING CO.,LTD. <6351> [TSE-P] announced its financial results in the afternoon session on November 11th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 46.5% from the same period last year to 3.71 billion yen. The progress rate against the 9.5 billion yen full-year plan was 39.1%, also falling below the five-year average of 45.9%.
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 1.6% from the same period last year, reaching 5.78 billion yen.
In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a loss of 82 million yen (compared to a profit of 3.16 billion yen in the same period last year). However, the operating profit margin rose from 15.0% in the same period last year to 16.7%.
Kabutan News
Actual Results
Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
---|---|---|---|---|---|---|---|---|
Apr - Sep, 2022 | 26,086 | 2,567 | 5,049 | 3,258 | 131.8 | 56.2 | Nov 9, 2022 | J-GAAP |
Apr - Sep, 2023 | 29,719 | 4,103 | 6,949 | 4,822 | 196.6 | 55.0 | Nov 9, 2023 | J-GAAP |
Apr - Sep, 2024 | 28,899 | 4,416 | 3,719 | 4,235 | 172.4 | 39.1 | Nov 11, 2024 | J-GAAP |
YoY | -2.8% | +7.6% | -46.5% | -12.2% | -12.3% |
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 | 28,899 | 4,416 | 3,719 | 4,235 | 172.7 | 24 | Nov 8, 2024 | J-GAAP |
Apr - Sep, 2024 Results | 28,899 | 4,416 | 3,719 | 4,235 | 172.4 | 24 | Nov 11, 2024 | J-GAAP |
Revision Rate | 0.0% | 0.0% | 0.0% | 0.0% | -0.2% |
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 | 32,910 | 4,838 | 5,689 | 3,466 | 141.2 | 28 | May 13, 2024 | J-GAAP |
Oct - Mar, 2024 Guidance | 36,101 | 3,584 | 5,781 | 2,365 | 97.4 | 28 | Nov 8, 2024 | J-GAAP |
YoY | +9.7% | -25.9% | +1.6% | -31.8% | -31.0% |
Current Period Guidance
Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
---|---|---|---|---|---|---|---|---|
Mar, 2023 | 56,219 | 7,263 | 8,991 | 6,262 | 254.0 | 44 | May 12, 2023 | J-GAAP |
Mar, 2024 | 62,629 | 8,941 | 12,638 | 8,288 | 337.6 | 50 | May 13, 2024 | J-GAAP |
Mar, 2025 Guidance | 65,000 | 8,000 | 9,500 | 6,600 | 271.7 | 52 | Aug 8, 2024 | J-GAAP |
YoY | +3.8% | -10.5% | -24.8% | -20.4% | -19.5% |
Quarterly Results
Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
---|---|---|---|---|---|---|---|---|
Jul - Sep, 2023 | 15,590 | 2,340 | 3,168 | 2,202 | 89.8 | 15.0 | Nov 9, 2023 | J-GAAP |
Oct - Dec, 2023 | 14,125 | 2,190 | 1,516 | 938 | 38.2 | 15.5 | Feb 9, 2024 | J-GAAP |
Jan - Mar, 2024 | 18,785 | 2,648 | 4,173 | 2,528 | 103.0 | 14.1 | May 13, 2024 | J-GAAP |
Apr - Jun, 2024 | 15,115 | 2,114 | 3,801 | 2,518 | 102.4 | 14.0 | Aug 8, 2024 | J-GAAP |
Jul - Sep, 2024 | 13,784 | 2,302 | -82 | 1,717 | 69.9 | 16.7 | Nov 11, 2024 | J-GAAP |
YoY | -11.6% | -1.6% | - | -22.0% | -22.2% |
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