TAKE AND GIVE. NEEDS Co., Ltd., First Half Ordinary Profit Decreases by 73%

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Wed Nov 13, 2024 3:30 pm JST Earnings

4331 TAKE AND GIVE. NEEDS Co., Ltd. 【J-GAAP】

Earnings Report

TAKE AND GIVE. NEEDS Co., Ltd. <4331> [TSE-P] announced its financial results after the market closed on November 13th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) significantly dropped by 73.1% from the same period last year to 314 million yen, fell short of the previous forecast of 750 million yen.

The progress rate against the 3.9 billion yen full-year plan was 8.1%, also falling below the five-year average of 57.9%.

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 38.7% from the same period last year, reaching 3.58 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a loss of 164 million yen (compared to a profit of 343 million yen in the same period last year). The operating profit/loss margin drastically worsened from 4.4% in the same period last year to -0.1%.

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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	22,602	2,789	2,580	4,178	314.1	81.1	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	21,662	1,410	1,169	744	45.1	31.1	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	21,724	583	314	437	30.0	8.1	Nov 13, 2024	J-GAAP
YoY	+0.3%	-58.7%	-73.1%	-41.3%	-33.6%

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	21,000	1,000	750	450	30.8	10	May 14, 2024	J-GAAP
Apr - Sep, 2024 Results	21,724	583	314	437	30.0	10	Nov 13, 2024	J-GAAP
Revision Rate	+3.4%	-41.7%	-58.1%	-2.9%	-2.8%

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	25,358	2,798	2,585	1,087	67.4	10	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	25,276	3,817	3,586	1,563	107.1	10	Nov 13, 2024	J-GAAP
YoY	-0.3%	+36.4%	+38.7%	+43.8%	+58.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	45,532	3,681	3,181	4,108	300.8	20	May 12, 2023	J-GAAP
Mar, 2024	47,020	4,208	3,754	1,831	113.6	20	May 14, 2024	J-GAAP
Mar, 2025 Guidance	47,000	4,400	3,900	2,000	137.0	20	May 14, 2024	J-GAAP
YoY	0.0%	+4.6%	+3.9%	+9.2%	+20.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	10,574	461	343	239	14.5	4.4	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	13,611	2,568	2,444	1,406	90.6	18.9	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	11,747	230	141	-319	-19.8	2.0	May 14, 2024	J-GAAP
Apr - Jun, 2024	11,228	598	478	605	41.5	5.3	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	10,496	-15	-164	-168	-11.5	-0.1	Nov 13, 2024	J-GAAP
YoY	-0.7%	－	－	－	－