TACHI-S CO.,LTD., The Current Fiscal Year Ordinary Profit Revised Downward by 29%

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Thu Nov 14, 2024 3:00 pm JST Earnings

7239 TACHI-S CO.,LTD. 【J-GAAP】

Earnings Report

TACHI-S CO.,LTD. <7239> [TSE-P] announced its financial results in the afternoon session on November 14th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 5.1% from the same period last year to 1.77 billion yen.

In addition, the full-year consolidated ordinary profit has downwardly by 29.3%, from the previous forecast of 8.2 billion yen to 5.8 billion yen (compared to 8.75 billion yen in the previous period), leading to an increase in the profit decline rate from 6.3% to 33.8%.

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 41.5% from the same period last year to 4.02 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 537 million yen, a 68.5% decrease compared to the same period last year. However, the operating profit margin remained almost flat, changing from 2.3% in the same period last year to 2.6%.

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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	107,925	-4,347	-3,904	167	4.9	ー	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	137,726	1,792	1,874	1,291	37.7	21.4	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	145,184	2,631	1,778	963	28.1	30.7	Nov 14, 2024	J-GAAP
YoY	+5.4%	+46.8%	-5.1%	-25.4%	-25.5%

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	－	51.90	May 15, 2024	J-GAAP
Apr - Sep, 2024 Results	145,184	2,631	1,778	963	28.1	51.90	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	287,000	7,300	8,200	7,800	227.5	103.80	May 15, 2024	J-GAAP
Mar, 2025 New	279,800	6,750	5,800	7,500	218.8	103.80	Nov 14, 2024	J-GAAP
Revision Rate	-2.5%	-7.5%	-29.3%	-3.8%	-3.8%

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	155,221	5,413	6,881	4,131	120.6	46.40	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	134,616	4,119	4,022	6,537	190.7	51.90	Nov 14, 2024	J-GAAP
YoY	-13.3%	-23.9%	-41.5%	+58.2%	+58.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	243,436	1,367	1,973	5,823	170.1	73.60	May 15, 2023	J-GAAP
Mar, 2024	292,947	7,205	8,755	5,422	158.3	92.80	May 15, 2024	J-GAAP
Mar, 2025 Guidance	279,800	6,750	5,800	7,500	218.8	103.80	Nov 14, 2024	J-GAAP
YoY	-4.5%	-6.3%	-33.8%	+38.3%	+38.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	69,803	1,608	1,704	1,344	39.3	2.3	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	78,610	1,983	2,737	1,581	46.2	2.5	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	76,611	3,430	4,144	2,550	74.4	4.5	May 15, 2024	J-GAAP
Apr - Jun, 2024	73,119	793	1,241	1,393	40.6	1.1	Aug 7, 2024	J-GAAP
Jul - Sep, 2024	72,065	1,838	537	-430	-12.6	2.6	Nov 14, 2024	J-GAAP
YoY	+3.2%	+14.3%	-68.5%	－	－