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

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%

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