Tera Probe,Inc., The Current Fiscal Year Ordinary Profit Revised Downward to an Unexpected 8% Decrease

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Thu Nov 14, 2024 3:30 pm JST Earnings

6627 Tera Probe,Inc. 【J-GAAP】

Earnings Report

Tera Probe,Inc. <6627> [TSE-S] announced its financial results after the market closed on November 14th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) decreased by 3.3% from the same period last year to 5.39 billion yen.

In addition, the full-year consolidated ordinary profit has downwardly by 14.8%, from the previous forecast of 8.02 billion yen to 6.83 billion yen (compared to 7.41 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 7.8% decrease in profit.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit for the July to December period (second half) has downwardly by 28.9%, from the previous forecast of 4.12 billion yen to 2.93 billion yen (compared to 3.91 billion yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 25.1% decrease in profit.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit decreased to 1.49 billion yen, a 28.2% decrease compared to the same period last year. The operating profit margin decreased from 21.1% in the same period last year to 18.2%.

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Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jan - Sep, 2022	24,516	4,810	5,362	2,076	228.3	73.0	Nov 10, 2022	J-GAAP
Jan - Sep, 2023	26,046	5,225	5,573	2,901	319.0	75.2	Nov 10, 2023	J-GAAP
Jan - Sep, 2024	28,110	5,484	5,390	2,573	282.9	78.9	Nov 14, 2024	J-GAAP
YoY	+7.9%	+5.0%	-3.3%	-11.3%	-11.3%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2024 Prev	19,201	4,150	4,122	1,723	189.4	－	Aug 14, 2024	J-GAAP
Jul - Dec, 2024 New	18,121	3,140	2,932	1,353	148.7	－	Nov 14, 2024	J-GAAP
Revision Rate	-5.6%	-24.3%	-28.9%	-21.5%	-21.5%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Prev	38,080	7,950	8,020	3,540	389.1	－	Aug 14, 2024	J-GAAP
Dec, 2024 New	37,000	6,940	6,830	3,170	348.5	－	Nov 14, 2024	J-GAAP
Revision Rate	-2.8%	-12.7%	-14.8%	-10.5%	-10.5%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	18,541	3,898	3,917	2,177	239.4	110	Feb 6, 2024	J-GAAP
Jul - Dec, 2024 Guidance	18,121	3,140	2,932	1,353	148.7	－	Nov 14, 2024	J-GAAP
YoY	-2.3%	-19.4%	-25.1%	-37.9%	-37.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	33,212	6,839	7,345	3,134	344.6	54	Feb 10, 2023	J-GAAP
Dec, 2023	35,403	7,188	7,411	4,094	450.1	110	Feb 6, 2024	J-GAAP
Dec, 2024 Guidance	37,000	6,940	6,830	3,170	348.5	－	Nov 14, 2024	J-GAAP
YoY	+4.5%	-3.5%	-7.8%	-22.6%	-22.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	9,184	1,935	2,079	984	108.2	21.1	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	9,357	1,963	1,838	1,193	131.2	21.0	Feb 6, 2024	J-GAAP
Jan - Mar, 2024	8,949	1,697	1,714	921	101.3	19.0	May 14, 2024	J-GAAP
Apr - Jun, 2024	9,930	2,103	2,184	896	98.5	21.2	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	9,231	1,684	1,492	756	83.1	18.2	Nov 14, 2024	J-GAAP
YoY	+0.5%	-13.0%	-28.2%	-23.2%	-23.2%