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Thinca Co.,Ltd., The Current Fiscal Year Ordinary Profit Revised Downward to an Unexpected 55% Decrease

Thu Nov 14, 2024 4:00 pm JST Earnings

149A Thinca Co.,Ltd. 【J-GAAP】

Earnings Report

Thinca Co.,Ltd. <149A> [TSE-G] announced its financial results after the market closed on November 14th (16:00). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending December 2024 (January to September) significantly dropped by 75.0% from the same period last year to 25 million yen.

In addition, the full-year ordinary profit has downwardly by 70.9%, from the previous forecast of 151 million yen to 44 million yen (compared to 98 million yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 55.1% decrease in profit.

Based on the full-year plan announced by the company after the downward revision, our estimate of the ordinary profit for the July to December period (second half) has downwardly by 74.8%, from the previous forecast of 143 million yen to 36 million yen (compared to 50 million yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 28.0% decrease in profit.

In the most recent three-month period, from July to September (3Q), the ordinary profit significantly dropped to 17 million yen, a 67.3% decrease compared to the same period last year. The operating profit margin sharply declined from 19.4% in the same period last year to 5.6%.

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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, 2024 896 54 25 13 4.5 56.8 Nov 14, 2024 J-GAAP
YoY － － － － －

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 760 134 143 133 42.0 0 Aug 14, 2024 J-GAAP
Jul - Dec, 2024 New 626 36 36 22 7.0 0 Nov 14, 2024 J-GAAP
Revision Rate -17.6% -73.1% -74.8% -83.5% -83.5%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2024 Prev 1,353 171 151 133 42.0 0 Mar 27, 2024 J-GAAP
Dec, 2024 New 1,219 73 44 22 7.0 0 Nov 14, 2024 J-GAAP
Revision Rate -9.9% -57.3% -70.9% -83.5% -83.5%

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 546 54 50 62 23.2 0 Mar 27, 2024 J-GAAP
Jul - Dec, 2024 Guidance 626 36 36 22 7.0 0 Nov 14, 2024 J-GAAP
YoY +14.7% -33.3% -28.0% -64.5% -70.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 1,040 101 98 108 40.5 0 Mar 27, 2024 J-GAAP
Dec, 2024 Guidance 1,219 73 44 22 7.0 0 Nov 14, 2024 J-GAAP
YoY +17.2% -27.7% -55.1% -79.6% -82.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 262 -1 -2 10 3.8 -0.4 Mar 27, 2024 J-GAAP
Jan - Mar, 2024 291 22 1 -3 -1.4 7.6 May 15, 2024 J-GAAP
Apr - Jun, 2024 302 15 7 3 1.5 5.0 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 303 17 17 13 4.5 5.6 Nov 14, 2024 J-GAAP
YoY － － － － －

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