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Tensho Electric Industries Co., Ltd., The Current Fiscal Year Ordinary Profit Revised Downward to an Unexpected 24% Decrease
6776 Tensho Electric Industries Co., Ltd. 【J-GAAP】
Earnings ReportTensho Electric Industries Co., Ltd. <6776> [TSE-S] announced its financial results after the market closed on November 14th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) significantly dropped by 57.4% from the same period last year to 309 million yen, fell short of the previous forecast of 550 million yen.
In addition, the full-year consolidated ordinary profit has downwardly by 28.6%, from the previous forecast of 1.4 billion yen to 1 billion yen (compared to 1.32 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 24.4% decrease in profit.
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 grow by 15.9% from the same period last year, reaching 691 million yen.
In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 50 million yen, a 86.8% decrease compared to the same period last year. The operating profit margin worsened from 4.6% in the same period last year to 2.0%.
Kabutan News
Actual Results
Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
---|---|---|---|---|---|---|---|---|
Apr - Sep, 2022 | 10,896 | 266 | 445 | 329 | 19.4 | 59.2 | Nov 14, 2022 | J-GAAP |
Apr - Sep, 2023 | 12,842 | 502 | 726 | 566 | 33.3 | 54.9 | Nov 13, 2023 | J-GAAP |
Apr - Sep, 2024 | 13,667 | 291 | 309 | 174 | 10.3 | 30.9 | Nov 14, 2024 | J-GAAP |
YoY | +6.4% | -42.0% | -57.4% | -69.3% | -69.2% |
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 | 14,200 | 550 | 550 | 350 | 20.6 | 0 | May 15, 2024 | J-GAAP |
Apr - Sep, 2024 Results | 13,667 | 291 | 309 | 174 | 10.3 | 0 | Nov 14, 2024 | J-GAAP |
Revision Rate | -3.8% | -47.1% | -43.8% | -50.3% | -50.2% |
Guidance Update
Full Year Update
Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
---|---|---|---|---|---|---|---|---|
Mar, 2025 Prev | 30,000 | 1,400 | 1,400 | 900 | 52.9 | 5 | Aug 9, 2024 | J-GAAP |
Mar, 2025 New | 28,500 | 1,000 | 1,000 | 600 | 35.3 | 5 | Nov 14, 2024 | J-GAAP |
Revision Rate | -5.0% | -28.6% | -28.6% | -33.3% | -33.3% |
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 | 14,063 | 560 | 596 | 382 | 22.5 | 5 | May 15, 2024 | J-GAAP |
Oct - Mar, 2024 Guidance | 14,833 | 709 | 691 | 426 | 25.0 | 5 | Nov 14, 2024 | J-GAAP |
YoY | +5.5% | +26.6% | +15.9% | +11.5% | +11.4% |
Current Period Guidance
Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
---|---|---|---|---|---|---|---|---|
Mar, 2023 | 23,899 | 604 | 752 | 612 | 36.0 | 3 | May 15, 2023 | J-GAAP |
Mar, 2024 | 26,905 | 1,062 | 1,322 | 948 | 55.8 | 5 | May 15, 2024 | J-GAAP |
Mar, 2025 Guidance | 28,500 | 1,000 | 1,000 | 600 | 35.3 | 5 | Nov 14, 2024 | J-GAAP |
YoY | +5.9% | -5.8% | -24.4% | -36.7% | -36.8% |
Quarterly Results
Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
---|---|---|---|---|---|---|---|---|
Jul - Sep, 2023 | 6,503 | 297 | 379 | 331 | 19.5 | 4.6 | Nov 13, 2023 | J-GAAP |
Oct - Dec, 2023 | 7,431 | 390 | 351 | 230 | 13.5 | 5.2 | Feb 13, 2024 | J-GAAP |
Jan - Mar, 2024 | 6,632 | 170 | 245 | 152 | 8.9 | 2.6 | May 15, 2024 | J-GAAP |
Apr - Jun, 2024 | 6,443 | 150 | 259 | 162 | 9.6 | 2.3 | Aug 9, 2024 | J-GAAP |
Jul - Sep, 2024 | 7,224 | 141 | 50 | 12 | 0.7 | 2.0 | Nov 14, 2024 | J-GAAP |
YoY | +11.1% | -52.5% | -86.8% | -96.4% | -96.4% |
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