Takasago Thermal Engineering Co., Ltd., First Half Ordinary Profit Increases by 20%, July-September Ordinary Profit Increases by 34%

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Thu Nov 14, 2024 11:30 am JST Earnings

1969 Takasago Thermal Engineering Co., Ltd. 【J-GAAP】

Earnings Report

Takasago Thermal Engineering Co., Ltd. <1969> [TSE-P] announced its financial results at noon (11:30) on November 14th. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 20.3% from the same period last year, reaching 11.1 billion yen. The progress rate against the 31 billion yen full-year plan was 35.9%, exceeding the five-year average of 28.0%.

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 grow by 17.6% from the same period last year, reaching 19.8 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 33.9% from the same period last year, reaching 8.22 billion yen. The operating profit margin improved from 6.8% in the same period last year to 8.8%.

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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	150,801	1,555	2,347	1,462	22.1	14.1	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	164,370	8,205	9,256	6,021	90.8	35.4	Nov 14, 2023	J-GAAP
Apr - Sep, 2024	159,910	9,779	11,134	8,192	123.4	35.9	Nov 14, 2024	J-GAAP
YoY	-2.7%	+19.2%	+20.3%	+36.1%	+35.9%

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	ー	ー	ー	ー	－	65	May 14, 2024	J-GAAP
Apr - Sep, 2024 Results	159,910	9,779	11,134	8,192	123.4	65	Nov 14, 2024	J-GAAP
Revision Rate	－	－	－	－	－

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	198,996	15,987	16,894	13,591	204.9	91	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	212,090	18,721	19,866	15,708	236.5	79	Nov 14, 2024	J-GAAP
YoY	+6.6%	+17.1%	+17.6%	+15.6%	+15.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	338,831	15,326	16,685	12,227	184.7	63	May 12, 2023	J-GAAP
Mar, 2024	363,366	24,192	26,150	19,612	295.7	129	May 14, 2024	J-GAAP
Mar, 2025 Guidance	372,000	28,500	31,000	23,900	359.9	144	Nov 1, 2024	J-GAAP
YoY	+2.4%	+17.8%	+18.5%	+21.9%	+21.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	86,124	5,886	6,142	4,049	61.1	6.8	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	99,362	10,304	10,809	8,043	121.3	10.4	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	99,634	5,683	6,085	5,548	83.6	5.7	May 14, 2024	J-GAAP
Apr - Jun, 2024	70,415	1,897	2,910	2,027	30.6	2.7	Aug 6, 2024	J-GAAP
Jul - Sep, 2024	89,495	7,882	8,224	6,165	92.9	8.8	Nov 14, 2024	J-GAAP
YoY	+3.9%	+33.9%	+33.9%	+52.3%	+52.1%