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Trend Micro Incorporated, July-September (3Q) Ordinary Profit Decreases by 11%

Tue Nov 12, 2024 3:30 pm JST Earnings

4704 Trend Micro Incorporated 【J-GAAP】

Earnings Report

Trend Micro Incorporated <4704> [TSE-P] announced its financial results after the market closed on November 12th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) increased by 20.0% from the same period last year, reaching 38.3 billion yen. The progress rate against the 50.1 billion yen full-year plan was 76.5%, it was below the five-year average of 80.9%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to surge by 2.8 times that of the same period last year, reaching 11.7 billion yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit decreased to 11.9 billion yen, a 11.3% decrease compared to the same period last year. However, the operating profit margin rose from 17.8% in the same period last year to 21.7%.

Kabutan News

Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jan - Sep, 2022 162,100 25,870 30,408 28,492 203.9 89.0 Nov 10, 2022 J-GAAP
Jan - Sep, 2023 183,725 29,613 31,935 12,806 93.3 88.3 Nov 9, 2023 J-GAAP
Jan - Sep, 2024 202,658 39,237 38,331 26,418 198.5 76.5 Nov 12, 2024 J-GAAP
YoY +10.3% +32.5% +20.0% +106.3% +112.7%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2023 129,155 14,414 17,732 -1,125 -8.2 738 Feb 15, 2024 J-GAAP
Jul - Dec, 2024 Guidance 136,466 28,464 23,729 16,705 127.3 － Aug 8, 2024 J-GAAP
YoY +5.7% +97.5% +33.8% － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 223,795 31,340 34,162 29,843 213.6 151 Feb 16, 2023 J-GAAP
Dec, 2023 248,691 32,602 36,181 10,731 78.5 738 Feb 15, 2024 J-GAAP
Dec, 2024 Guidance 271,000 52,900 50,100 34,600 263.7 － Feb 15, 2024 J-GAAP
YoY +9.0% +62.3% +38.5% +222.4% +236.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 64,189 11,425 13,486 950 6.9 17.8 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 64,966 2,989 4,246 -2,075 -15.2 4.6 Feb 15, 2024 J-GAAP
Jan - Mar, 2024 65,931 12,127 13,664 10,754 79.3 18.4 May 8, 2024 J-GAAP
Apr - Jun, 2024 68,603 12,309 12,707 7,141 53.1 17.9 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 68,124 14,801 11,960 8,523 64.0 21.7 Nov 12, 2024 J-GAAP
YoY +6.1% +29.5% -11.3% +797.2% +825.3%

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