TECHNOFLEX CORPORATION, January-September (Third Quarter Cumulative) Ordinary Profit Increases by 51%, July-September Ordinary Profit Increases by 3.0 times

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Wed Nov 13, 2024 3:30 pm JST Earnings

3449 TECHNOFLEX CORPORATION 【J-GAAP】

Earnings Report

TECHNOFLEX CORPORATION <3449> [TSE-S] announced its financial results after the market closed on November 13th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) expanded to 1.55 billion yen, an increase of 50.7% compared to the same period last year. However, The progress rate against the 2.25 billion yen full-year plan was 69.2%, also falling below the five-year average of 75.7%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to expand by 43.8% from the same period last year, reaching 693 million yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit surged to 3.0 times that of the same period last year, reaching 586 million yen. The operating profit margin significantly improved from 4.8% in the same period last year to 9.5%.

Kabutan News

Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jan - Sep, 2022	16,306	2,143	2,324	2,020	110.8	75.9	Nov 4, 2022	J-GAAP
Jan - Sep, 2023	15,594	1,083	1,033	645	35.3	68.2	Nov 8, 2023	J-GAAP
Jan - Sep, 2024	16,020	1,574	1,557	1,038	56.7	69.2	Nov 13, 2024	J-GAAP
YoY	+2.7%	+45.3%	+50.7%	+60.9%	+60.7%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	10,622	636	676	431	23.5	27	Mar 29, 2024	J-GAAP
Jul - Dec, 2024 Guidance	12,682	1,266	1,279	885	48.3	27	Aug 8, 2024	J-GAAP
YoY	+19.4%	+99.1%	+89.2%	+105.3%	+105.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	22,174	2,752	3,060	2,413	132.2	54	Feb 10, 2023	J-GAAP
Dec, 2023	21,242	1,482	1,515	966	52.8	54	Mar 29, 2024	J-GAAP
Dec, 2024 Guidance	23,000	2,300	2,250	1,500	81.9	54	Mar 29, 2024	J-GAAP
YoY	+8.3%	+55.2%	+48.5%	+55.3%	+55.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	4,974	237	194	110	6.0	4.8	Nov 8, 2023	J-GAAP
Oct - Dec, 2023	5,648	399	482	321	17.5	7.1	Mar 29, 2024	J-GAAP
Jan - Mar, 2024	4,980	486	452	289	15.8	9.8	May 15, 2024	J-GAAP
Apr - Jun, 2024	5,338	548	519	326	17.8	10.3	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	5,702	540	586	423	23.1	9.5	Nov 13, 2024	J-GAAP
YoY	+14.6%	+127.8%	+202.1%	+284.5%	+284.2%