TAISEI ONCHO CO.,LTD., First Half Ordinary Profit Increases by 28%, July-September Ordinary Profit Increases by 48%

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Tue Nov 12, 2024 3:30 pm JST Earnings

1904 TAISEI ONCHO CO.,LTD. 【J-GAAP】

Earnings Report

TAISEI ONCHO CO.,LTD. <1904> [TSE-S] announced its financial results after the market closed on November 12th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 28.3% from the same period last year, reaching 1.64 billion yen. The progress rate against the 2.4 billion yen full-year plan was 68.5%, also surpassing the five-year average of 31.5%.

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 significant drop by 58.1% from the same period last year to 755 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 47.7% from the same period last year, reaching 1.15 billion yen. The operating profit margin improved from 3.9% in the same period last year to 6.8%.

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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	19,683	277	749	417	68.7	37.5	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	27,553	1,068	1,282	524	90.1	41.6	Nov 13, 2023	J-GAAP
Apr - Sep, 2024	29,081	1,365	1,645	1,553	255.0	68.5	Nov 12, 2024	J-GAAP
YoY	+5.5%	+27.8%	+28.3%	+196.4%	+183.0%

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	－	66	May 14, 2024	J-GAAP
Apr - Sep, 2024 Results	29,081	1,365	1,645	1,553	255.0	66	Nov 12, 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	33,503	1,946	1,803	1,438	246.0	128	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	27,919	835	755	247	40.8	66	Nov 12, 2024	J-GAAP
YoY	-16.7%	-57.1%	-58.1%	-82.8%	-83.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	46,459	1,732	1,998	1,469	246.0	82	May 11, 2023	J-GAAP
Mar, 2024	61,056	3,014	3,085	1,962	335.7	128	May 14, 2024	J-GAAP
Mar, 2025 Guidance	57,000	2,200	2,400	1,800	297.7	132	May 14, 2024	J-GAAP
YoY	-6.6%	-27.0%	-22.2%	-8.3%	-11.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	15,432	600	782	512	88.1	3.9	Nov 13, 2023	J-GAAP
Oct - Dec, 2023	15,929	575	667	475	81.7	3.6	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	17,574	1,371	1,136	963	164.8	7.8	May 14, 2024	J-GAAP
Apr - Jun, 2024	13,433	304	490	669	111.0	2.3	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	15,648	1,061	1,155	884	145.2	6.8	Nov 12, 2024	J-GAAP
YoY	+1.4%	+76.8%	+47.7%	+72.7%	+64.8%