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

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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	ー	ー	ー	ー	－	－	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%