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TANABE CONSULTING GROUP CO., LTD., First Half Ordinary Profit Increases by 48%, July-September Ordinary Profit Increases by 85%

Tue Nov 12, 2024 5:00 pm JST Earnings

9644 TANABE CONSULTING GROUP CO., LTD. 【J-GAAP】

Earnings Report

TANABE CONSULTING GROUP CO., LTD. <9644> [TSE-P] announced its financial results after the market closed on November 12th (17:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 864 million yen, an increase of 47.7% compared to the same period last year. The progress rate against the 1.5 billion yen full-year plan was 57.6%, also surpassing the five-year average of 39.9%.

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 expand by 48.9% from the same period last year, reaching 636 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 84.9% from the same period last year, reaching 575 million yen. The operating profit margin jumped from 10.0% in the same period last year to 14.4%.

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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 5,386 601 606 386 11.3 52.1 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 6,000 583 585 349 10.4 57.8 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 6,664 796 864 507 15.3 57.6 Nov 12, 2024 J-GAAP
YoY +11.1% +36.5% +47.7% +45.3% +47.8%

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 6,600 710 770 460 14.0 10 Sep 11, 2024 J-GAAP
Apr - Sep, 2024 Results 6,664 796 864 507 15.3 10 Nov 12, 2024 J-GAAP
Revision Rate +1.0% +12.1% +12.2% +10.2% +9.4%

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 6,739 426 427 292 8.7 13 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 7,336 689 636 293 9.0 13.50 Nov 12, 2024 J-GAAP
YoY +8.9% +61.7% +48.9% +0.3% +3.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 11,759 1,152 1,163 724 21.1 21 May 11, 2023 J-GAAP
Mar, 2024 12,739 1,009 1,012 641 19.1 22 May 13, 2024 J-GAAP
Mar, 2025 Guidance 14,000 1,485 1,500 800 24.5 23.50 Sep 11, 2024 J-GAAP
YoY +9.9% +47.2% +48.2% +24.8% +28.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 3,081 309 311 195 5.8 10.0 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 3,812 373 373 262 7.8 9.8 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 2,927 53 54 30 0.9 1.8 May 13, 2024 J-GAAP
Apr - Jun, 2024 3,079 280 289 192 5.8 9.1 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 3,585 516 575 315 9.5 14.4 Nov 12, 2024 J-GAAP
YoY +16.4% +67.0% +84.9% +61.5% +64.2%

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