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

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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	22.5	52.1	Nov 10, 2022	J-GAAP
Apr - Sep, 2023	6,000	583	585	349	20.7	57.8	Nov 9, 2023	J-GAAP
Apr - Sep, 2024	6,664	796	864	507	30.6	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	28.0	20	Sep 11, 2024	J-GAAP
Apr - Sep, 2024 Results	6,664	796	864	507	30.6	20	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	17.4	26	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	7,336	689	636	293	17.8	27	Nov 12, 2024	J-GAAP
YoY	+8.9%	+61.7%	+48.9%	+0.3%	+2.5%

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	42.3	42	May 11, 2023	J-GAAP
Mar, 2024	12,739	1,009	1,012	641	38.1	44	May 13, 2024	J-GAAP
Mar, 2025 Guidance	14,000	1,485	1,500	800	48.6	47	Sep 11, 2024	J-GAAP
YoY	+9.9%	+47.2%	+48.2%	+24.8%	+27.4%

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	11.6	10.0	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	3,812	373	373	262	15.6	9.8	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	2,927	53	54	30	1.8	1.8	May 13, 2024	J-GAAP
Apr - Jun, 2024	3,079	280	289	192	11.5	9.1	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	3,585	516	575	315	19.0	14.4	Nov 12, 2024	J-GAAP
YoY	+16.4%	+67.0%	+84.9%	+61.5%	+64.3%