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TIGERS POLYMER CORPORATION, The Current Fiscal Year Ordinary Profit Revised Downward by 31%

Wed Nov 13, 2024 4:00 pm JST Earnings

4231 TIGERS POLYMER CORPORATION 【J-GAAP】

Earnings Report

TIGERS POLYMER CORPORATION <4231> [TSE-S] announced its financial results after the market closed on November 13th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 43.4% from the same period last year to 1.47 billion yen.

In addition, the full-year consolidated ordinary profit has downwardly by 30.6%, from the previous forecast of 3.6 billion yen to 2.5 billion yen (compared to 4.28 billion yen in the previous period), leading to an increase in the profit decline rate from 16.0% to 41.7%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to drop by 39.1% from the same period last year to 1.03 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 324 million yen, a 77.3% decrease compared to the same period last year. The operating profit margin drastically worsened from 9.1% in the same period last year to 4.4%.

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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 21,867 -221 756 2 0.1 40.4 Nov 9, 2022 J-GAAP
Apr - Sep, 2023 24,067 1,827 2,596 1,856 93.3 60.6 Nov 8, 2023 J-GAAP
Apr - Sep, 2024 24,647 1,273 1,470 795 40.1 58.8 Nov 13, 2024 J-GAAP
YoY +2.4% -30.3% -43.4% -57.2% -57.1%

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 17 May 15, 2024 J-GAAP
Apr - Sep, 2024 Results 24,647 1,273 1,470 795 40.1 17 Nov 13, 2024 J-GAAP
Revision Rate

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 50,000 3,400 3,600 2,200 110.5 34 May 15, 2024 J-GAAP
Mar, 2025 New 46,000 2,200 2,500 1,600 80.4 34 Nov 13, 2024 J-GAAP
Revision Rate -8.0% -35.3% -30.6% -27.3% -27.3%

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 23,795 1,367 1,690 1,163 58.4 32 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 21,353 927 1,030 805 40.4 17 Nov 13, 2024 J-GAAP
YoY -10.3% -32.2% -39.1% -30.8% -30.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 45,285 1,090 1,869 816 41.0 12 May 10, 2023 J-GAAP
Mar, 2024 47,862 3,194 4,286 3,019 151.7 47 May 15, 2024 J-GAAP
Mar, 2025 Guidance 46,000 2,200 2,500 1,600 80.4 34 Nov 13, 2024 J-GAAP
YoY -3.9% -31.1% -41.7% -47.0% -47.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 12,572 1,140 1,427 1,135 57.0 9.1 Nov 8, 2023 J-GAAP
Oct - Dec, 2023 13,020 1,177 1,097 701 35.2 9.0 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 10,775 190 593 462 23.2 1.8 May 15, 2024 J-GAAP
Apr - Jun, 2024 11,891 707 1,146 727 36.6 5.9 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 12,756 566 324 68 3.4 4.4 Nov 13, 2024 J-GAAP
YoY +1.5% -50.4% -77.3% -94.0% -94.0%

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