TVE Co., Ltd., 43% Decrease in Ordinary Profit for The Current Fiscal Year, Despite Last Fiscal Year's Dividend Increase, This Fiscal Year to Decrease Dividend

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Wed Nov 13, 2024 4:30 pm JST Earnings

6466 TVE Co., Ltd. 【J-GAAP】

Earnings Report

TVE Co., Ltd. <6466> [TSE-S] announced its financial results after the market closed on November 13th (16:30). The consolidated ordinary profit for the fiscal year ending September 2024 expanded to 2.1 times that of the previous period to 1.13 billion yen. However, for the fiscal year ending September 2025, the profit is expected to drop by 42.7% from the previous period to 650 million yen.

At the same time, the company increased the annual dividend for the previous term from 45 yen to 60 yen (compared to 40 yen in the prior term), and has decided to reduce the dividend this fiscal year to 40 yen, a decrease of 20 yen from the previous fiscal year.

In the most recent three-month period, from July to September (4Q), the consolidated ordinary profit/loss turned to a loss of 88 million yen (compared to a profit of 206 million yen in the same period last year). The operating profit/loss margin drastically worsened from 7.1% in the same period last year to -3.7%.

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Actual Results

Historical Performance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2022	8,514	-86	27	-60	-26.2	50	Nov 11, 2022	J-GAAP
Sep, 2023	9,396	476	538	435	186.3	40	Nov 10, 2023	J-GAAP
Sep, 2024	11,220	1,027	1,134	721	308.4	60	Nov 13, 2024	J-GAAP
YoY	+19.4%	+115.8%	+110.8%	+65.7%	+65.6%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2024 Guidance	11,200	1,000	1,100	700	313.3	45	Oct 29, 2024	J-GAAP
Sep, 2024 Results	11,220	1,027	1,134	721	308.4	60	Nov 13, 2024	J-GAAP
Revision Rate	+0.2%	+2.7%	+3.1%	+3.0%	-1.6%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	5,442	737	807	538	230.3	20	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	ー	ー	ー	ー	－	20	Nov 13, 2024	J-GAAP
YoY	－	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2023	9,396	476	538	435	186.3	40	Nov 10, 2023	J-GAAP
Sep, 2024	11,220	1,027	1,134	721	308.4	60	Nov 13, 2024	J-GAAP
Sep, 2025 Guidance	10,000	600	650	400	170.8	40	Nov 13, 2024	J-GAAP
YoY	-10.9%	-41.6%	-42.7%	-44.5%	-44.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	2,711	192	206	220	94.2	7.1	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	2,764	397	416	296	126.9	14.4	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	2,678	340	391	242	103.6	12.7	May 10, 2024	J-GAAP
Apr - Jun, 2024	3,024	392	415	263	112.4	13.0	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	2,754	-102	-88	-80	-34.2	-3.7	Nov 13, 2024	J-GAAP
YoY	+1.6%	－	－	－	－