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TEKKEN CORPORATION, July-September (2Q) Operating Profit Decreases by 29%

Thu Nov 14, 2024 4:00 pm JST Earnings

1815 TEKKEN CORPORATION 【J-GAAP】

Earnings Report

TEKKEN CORPORATION <1815> [TSE-P] announced its financial results after the market closed on November 14th (16:00). The consolidated operating profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a profit of 891 million yen (compared to a loss of 522 million yen in the same period last year). The progress rate against the 1.7 billion yen full-year plan was 52.4%, it was below the five-year average of 56.4%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated operating profit for the October to March period (second half) is expected to drop by 45.3% from the same period last year to 809 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated operating profit decreased to 622 million yen, a 29.0% decrease compared to the same period last year. The operating profit margin worsened from 1.9% in the same period last year to 1.3%.

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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 72,815 790 1,790 1,136 75.4 185.5 Nov 9, 2022 J-GAAP
Apr - Sep, 2023 85,053 -522 753 3,408 224.5 33.1 Nov 14, 2023 J-GAAP
Apr - Sep, 2024 90,293 891 588 2,088 145.8 34.6 Nov 14, 2024 J-GAAP
YoY +6.2% -21.9% -38.7% -35.1%

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 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 90,293 891 588 2,088 145.8 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 98,533 1,480 1,525 852 56.4 100 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 84,707 809 1,112 612 43.9 100 Nov 14, 2024 J-GAAP
YoY -14.0% -45.3% -27.1% -28.2% -22.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 160,743 1,233 965 2,360 154.8 80 May 12, 2023 J-GAAP
Mar, 2024 183,586 958 2,278 4,260 282.1 100 May 14, 2024 J-GAAP
Mar, 2025 Guidance 175,000 1,700 1,700 2,700 193.8 100 May 14, 2024 J-GAAP
YoY -4.7% +77.5% -25.4% -36.6% -31.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 45,393 876 1,168 901 59.4 1.9 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 47,605 1,483 1,022 625 41.3 3.1 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 50,928 -3 503 227 15.0 0.0 May 14, 2024 J-GAAP
Apr - Jun, 2024 44,057 269 566 2,085 143.7 0.6 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 46,236 622 22 3 0.2 1.3 Nov 14, 2024 J-GAAP
YoY +1.9% -29.0% -98.1% -99.7% -99.6%

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