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Tsubota Laboratory Incorporated, First Half Ordinary Profit Turns to Profit, July-September Ordinary Profit Turns to Profit

Tue Nov 12, 2024 4:00 pm JST Earnings

4890 Tsubota Laboratory Incorporated 【J-GAAP】

Earnings Report

Tsubota Laboratory Incorporated <4890> [TSE-G] announced its financial results after the market closed on November 12th (16:00). The ordinary profit/loss (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a profit of 65 million yen (compared to a loss of 403 million yen in the same period last year). The progress rate against the 130 million yen full-year plan was 50.0%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit/loss for the October to March period (second half) is expected to turn into a profit of 65 million yen (compared to a loss of 233 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the ordinary profit/loss turned to a profit of profit of 239 million yen (compared to a loss of 232 million yen in the same period last year). The operating profit/loss margin drastically improved from -928.0% in the same period last year to 52.7%.

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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 555 124 107 74 3.1 74.3 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 49 -408 -403 -293 -11.5 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 486 69 65 44 1.8 50.0 Nov 12, 2024 J-GAAP
YoY +891.8%

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 0 May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 486 69 65 44 1.8 0 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 624 -241 -233 -348 -13.7 0 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 714 62 65 56 2.2 0 Nov 12, 2024 J-GAAP
YoY +14.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 954 167 144 90 3.7 0 May 12, 2023 J-GAAP
Mar, 2024 673 -649 -636 -641 -25.2 0 May 13, 2024 J-GAAP
Mar, 2025 Guidance 1,200 131 130 100 3.9 0 May 13, 2024 J-GAAP
YoY +78.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 25 -232 -232 -169 -6.7 -928.0 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 125 -548 -547 -662 -26.0 -438.4 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 499 307 314 314 12.3 61.5 May 13, 2024 J-GAAP
Apr - Jun, 2024 25 -174 -174 -174 -6.8 -696.0 Aug 13, 2024 J-GAAP
Jul - Sep, 2024 461 243 239 218 8.7 52.7 Nov 12, 2024 J-GAAP
YoY +1,744.0%

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