TAMURA CORPORATION, First Half Ordinary Profit Decreases by 4%, Current Fiscal Year Dividend Revised Upward by 3 yen

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Thu Nov 14, 2024 1:00 pm JST Earnings

6768 TAMURA CORPORATION 【J-GAAP】

Earnings Report

TAMURA CORPORATION <6768> [TSE-P] announced its financial results in the afternoon session on November 14th (13:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 4.4% from the same period last year to 1.76 billion yen. The progress rate against the 5 billion yen full-year plan was 35.2%, which was higher than the five-year average of 32.1%.

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 4.0% from the same period last year, reaching 3.23 billion yen.

At the same time, the company has significantly increased its planned annual dividend for the current fiscal year from the original plan of 10 yen to 13 yen (compared to 10 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 347 million yen, a 68.8% decrease compared to the same period last year. The operating profit margin worsened from 4.0% in the same period last year to 2.0%.

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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	49,446	1,648	1,313	1,250	15.2	30.3	Nov 7, 2022	J-GAAP
Apr - Sep, 2023	51,871	1,724	1,844	52	0.6	37.2	Nov 7, 2023	J-GAAP
Apr - Sep, 2024	52,453	1,660	1,762	942	11.5	35.2	Nov 14, 2024	J-GAAP
YoY	+1.1%	-3.7%	-4.4%	+1,711.5%	+1,701.6%

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	－	5	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	52,453	1,660	1,762	942	11.5	5	Nov 14, 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	112,000	5,200	5,000	3,400	41.6	10	May 10, 2024	J-GAAP
Mar, 2025 New	112,000	5,200	5,000	3,400	41.6	13	Nov 14, 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	54,751	3,216	3,112	2,188	26.8	5	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	59,547	3,540	3,238	2,458	30.1	8	Nov 14, 2024	J-GAAP
YoY	+8.8%	+10.1%	+4.0%	+12.3%	+12.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	107,993	4,829	4,329	2,047	25.0	10	May 11, 2023	J-GAAP
Mar, 2024	106,622	4,940	4,956	2,240	27.4	10	May 10, 2024	J-GAAP
Mar, 2025 Guidance	112,000	5,200	5,000	3,400	41.6	13	Nov 14, 2024	J-GAAP
YoY	+5.0%	+5.3%	+0.9%	+51.8%	+51.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	27,373	1,104	1,112	26	0.3	4.0	Nov 7, 2023	J-GAAP
Oct - Dec, 2023	27,035	1,499	1,294	686	8.4	5.5	Feb 5, 2024	J-GAAP
Jan - Mar, 2024	27,716	1,717	1,818	1,502	18.4	6.2	May 10, 2024	J-GAAP
Apr - Jun, 2024	24,446	1,093	1,415	798	9.8	4.5	Aug 5, 2024	J-GAAP
Jul - Sep, 2024	28,007	567	347	144	1.8	2.0	Nov 14, 2024	J-GAAP
YoY	+2.3%	-48.6%	-68.8%	+453.8%	+450.0%