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

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% － － － －

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