TATSUMI Corporation, First Half Ordinary Profit Revised Downward to a Loss, The Undetermined Dividend Continues No Dividend Policy

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Wed Nov 13, 2024 3:30 pm JST Earnings

7268 TATSUMI Corporation 【J-GAAP】

Earnings Report

TATSUMI Corporation <7268> [TSE-S] announced its financial results after the market closed on November 13th (15:30). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a loss of 40 million yen (compared to a profit of 106 million yen in the same period last year), reversing from the forecast of a 30 million yen to a loss

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 decrease by 11.3% from the same period last year to 110 million yen.

At the same time, the company has decided to forego the year-end lump-sum dividend for the current fiscal year, which had previously been undecided (compared to no dividend in the prior term), and the policy has been set to continue with no dividends.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a loss of 122 million yen (compared to a profit of 76 million yen in the same period last year). The operating profit margin worsened from 1.2% in the same period last year to 0.9%.

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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	3,019	-177	-92	-171	-28.6	ー	Nov 8, 2022	J-GAAP
Apr - Sep, 2023	3,550	-6	106	58	9.7	46.1	Nov 7, 2023	J-GAAP
Apr - Sep, 2024	3,673	-5	-40	-65	-10.9	ー	Nov 13, 2024	J-GAAP
YoY	+3.5%	+16.7%	－	－	－

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	3,350	40	30	20	3.3	－	May 9, 2024	J-GAAP
Apr - Sep, 2024 Results	3,673	-5	-40	-65	-10.9	0	Nov 13, 2024	J-GAAP
Revision Rate	+9.6%	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	7,400	100	70	30	5.0	－	May 9, 2024	J-GAAP
Mar, 2025 New	7,400	100	70	30	5.0	0	Nov 13, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	0.0%

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	3,865	142	124	115	19.2	0	May 9, 2024	J-GAAP
Oct - Mar, 2024 Guidance	3,727	105	110	95	15.8	0	Nov 13, 2024	J-GAAP
YoY	-3.6%	-26.1%	-11.3%	-17.4%	-17.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	6,411	-227	-263	-394	-65.8	0	May 9, 2023	J-GAAP
Mar, 2024	7,415	136	230	173	28.9	0	May 9, 2024	J-GAAP
Mar, 2025 Guidance	7,400	100	70	30	5.0	0	Nov 13, 2024	J-GAAP
YoY	-0.2%	-26.5%	-69.6%	-82.7%	-82.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	1,875	23	76	38	6.4	1.2	Nov 7, 2023	J-GAAP
Oct - Dec, 2023	2,045	94	11	11	1.8	4.6	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	1,820	48	113	104	17.4	2.6	May 9, 2024	J-GAAP
Apr - Jun, 2024	1,782	-22	82	56	9.4	-1.2	Aug 6, 2024	J-GAAP
Jul - Sep, 2024	1,891	17	-122	-121	-20.3	0.9	Nov 13, 2024	J-GAAP
YoY	+0.9%	-26.1%	－	－	－