TEAR Corporation, 16% Increase in Ordinary Profit, Record High for The First Time in Seven Years

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Thu Nov 14, 2024 4:20 pm JST Earnings

2485 TEAR Corporation 【J-GAAP】

Earnings Report

TEAR Corporation <2485> [TSE-S] announced its financial results after the market closed on November 14th (16:20). The consolidated ordinary profit for the fiscal year ending September 2024 increased by 9.8% from the previous period to 1.24 billion yen. For the fiscal year ending September 2025, the profit is expected to grow by 16.3% to 1.44 billion yenExpected to reach record high profits for the first time in seven years. This will be the fifth consecutive term of revenue and profit growth.

In the most recent three-month period, from July to September (4Q), the consolidated ordinary profit surged to 4.3 times that of the same period last year, reaching 171 million yen. The operating profit margin improved from 1.2% in the same period last year to 3.7%.

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Actual Results

Historical Performance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2022	13,283	1,057	1,048	568	25.4	20	Nov 11, 2022	J-GAAP
Sep, 2023	14,068	1,135	1,132	789	35.1	20	Nov 10, 2023	J-GAAP
Sep, 2024	18,839	1,438	1,243	752	33.4	20	Nov 14, 2024	J-GAAP
YoY	+33.9%	+26.7%	+9.8%	-4.7%	-4.8%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2024 Guidance	18,940	1,390	1,180	695	30.9	20	May 10, 2024	J-GAAP
Sep, 2024 Results	18,839	1,438	1,243	752	33.4	20	Nov 14, 2024	J-GAAP
Revision Rate	-0.5%	+3.5%	+5.3%	+8.2%	+8.3%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	9,142	962	799	516	22.9	10	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	10,890	960	900	525	23.3	10	Nov 14, 2024	J-GAAP
YoY	+19.1%	-0.2%	+12.6%	+1.7%	+1.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2023	14,068	1,135	1,132	789	35.1	20	Nov 10, 2023	J-GAAP
Sep, 2024	18,839	1,438	1,243	752	33.4	20	Nov 14, 2024	J-GAAP
Sep, 2025 Guidance	21,340	1,555	1,445	785	34.9	20	Nov 14, 2024	J-GAAP
YoY	+13.3%	+8.1%	+16.3%	+4.4%	+4.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	3,402	40	40	59	2.6	1.2	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	3,794	260	254	147	6.6	6.9	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	5,348	702	545	369	16.4	13.1	May 15, 2024	J-GAAP
Apr - Jun, 2024	4,770	295	273	156	6.9	6.2	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	4,927	181	171	80	3.6	3.7	Nov 14, 2024	J-GAAP
YoY	+44.8%	+352.5%	+327.5%	+35.6%	+35.4%