TAIHEI DENGYO KAISHA,LTD., First Half Ordinary Profit Increases by 43%

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Thu Nov 14, 2024 3:00 pm JST Earnings

1968 TAIHEI DENGYO KAISHA,LTD. 【J-GAAP】

Earnings Report

TAIHEI DENGYO KAISHA,LTD. <1968> [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) expanded to 6.23 billion yen, an increase of 42.8% compared to the same period last year. However, The progress rate against the 14.2 billion yen full-year plan was 43.9%, almost the same as the five-year average of 46.6%.

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 11.5% from the same period last year, reaching 7.97 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit amounted to 2.91 billion yen, an increase of 1.6% compared to the same period last year. The operating profit margin significantly improved from 7.8% in the same period last year to 11.8%.

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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	59,130	6,438	7,797	5,587	293.9	51.7	Nov 10, 2022	J-GAAP
Apr - Sep, 2023	58,081	3,210	4,364	3,129	164.5	37.9	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	60,361	6,062	6,230	4,283	214.7	43.9	Nov 14, 2024	J-GAAP
YoY	+3.9%	+88.8%	+42.8%	+36.9%	+30.5%

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	－	－	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	60,361	6,062	6,230	4,283	214.7	－	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	71,282	6,839	7,148	5,266	276.7	135	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	78,639	7,438	7,970	5,217	257.2	150	Nov 14, 2024	J-GAAP
YoY	+10.3%	+8.8%	+11.5%	-0.9%	-7.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	125,774	14,345	15,092	10,619	558.4	120	May 11, 2023	J-GAAP
Mar, 2024	129,363	10,049	11,512	8,395	441.0	135	May 10, 2024	J-GAAP
Mar, 2025 Guidance	139,000	13,500	14,200	9,500	468.3	150	May 10, 2024	J-GAAP
YoY	+7.4%	+34.3%	+23.3%	+13.2%	+6.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	31,179	2,443	2,872	1,952	102.6	7.8	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	33,978	2,784	2,792	2,334	122.7	8.2	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	37,304	4,055	4,356	2,932	154.0	10.9	May 10, 2024	J-GAAP
Apr - Jun, 2024	30,080	2,485	3,313	2,235	112.6	8.3	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	30,281	3,577	2,917	2,048	102.7	11.8	Nov 14, 2024	J-GAAP
YoY	-2.9%	+46.4%	+1.6%	+4.9%	+0.0%