TOKYO KIKAI SEISAKUSHO,LTD., First Half Ordinary Profit Decreases by 12%, Exceeds Full-Year Plan

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Thu Nov 14, 2024 3:30 pm JST Earnings

6335 TOKYO KIKAI SEISAKUSHO,LTD. 【J-GAAP】

Earnings Report

TOKYO KIKAI SEISAKUSHO,LTD. <6335> [TSE-S] announced its financial results after the market closed on November 14th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 11.8% from the same period last year to 305 million yen. However, The progress rate against the full-year plan of 160 million yen is 190.6%, already exceeding the target and also exceeding the same period of the previous year of 53.2%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the October to March period (second half) is expected to turn into a loss of 145 million yen (compared to a profit of 304 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 167 million yen, a 50.3% decrease compared to the same period last year. The operating profit margin sharply declined from 14.3% in the same period last year to 4.0%.

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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	3,709	-4	243	146	16.8	29.5	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	4,425	323	346	-233	-26.8	53.2	Nov 13, 2023	J-GAAP
Apr - Sep, 2024	3,674	207	305	84	10.1	190.6	Nov 14, 2024	J-GAAP
YoY	-17.0%	-35.9%	-11.8%	－	－

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	3,670	200	300	80	9.9	0	Nov 13, 2024	J-GAAP
Apr - Sep, 2024 Results	3,674	207	305	84	10.1	0	Nov 14, 2024	J-GAAP
Revision Rate	+0.1%	+3.5%	+1.7%	+5.0%	+2.1%

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	4,890	291	304	150	17.3	0	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	3,456	-137	-145	-294	-36.4	0	Nov 14, 2024	J-GAAP
YoY	-29.3%	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	8,769	676	824	558	64.0	0	May 12, 2023	J-GAAP
Mar, 2024	9,315	614	650	-83	-9.6	0	May 13, 2024	J-GAAP
Mar, 2025 Guidance	7,130	70	160	-210	-26.0	0	Nov 13, 2024	J-GAAP
YoY	-23.5%	-88.6%	-75.4%	-153.0%	-172.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	2,280	327	336	212	24.4	14.3	Nov 13, 2023	J-GAAP
Oct - Dec, 2023	2,482	199	207	142	16.3	8.0	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	2,408	92	97	8	0.9	3.8	May 13, 2024	J-GAAP
Apr - Jun, 2024	1,884	135	138	-4	-0.5	7.2	Aug 13, 2024	J-GAAP
Jul - Sep, 2024	1,790	72	167	88	10.6	4.0	Nov 14, 2024	J-GAAP
YoY	-21.5%	-78.0%	-50.3%	-58.5%	-56.5%