Tama Home, The Current Fiscal Year Ordinary Profit Revised Downward to an Unexpected 70% Decrease

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Tue Jan 14, 2025 3:30 pm JST Earnings

1419 Tama Home Co., Ltd. 【J-GAAP】

Earnings Report

Tama Home Co., Ltd. <1419> [TSE Prime] announced its financial results after the market closed on January 14th (15:30). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending May 2025 (June to November) turned into a loss of 2.35 billion yen (compared to a profit of 3.18 billion yen in the same period last year).

In addition, the full-year consolidated ordinary profit has decreased 71.7%, from the previous forecast of 13.8 billion yen to 3.9 billion yen (compared to 12.8 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 69.7% 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 December to May period (2H) is expected to drop 35.5% from the same period last year to 6.25 billion yen.

In the most recent three-month period, from September to November (2Q), the consolidated ordinary profit decreased to 1.52 billion yen, a 7.9% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 2.7% in the same period last year to 2.6%.

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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
Jun - Nov, 2022	125,297	6,764	6,930	4,544	155.1	51.4	Jan 11, 2023	J-GAAP
Jun - Nov, 2023	112,757	3,007	3,186	1,903	65.7	24.7	Jan 11, 2024	J-GAAP
Jun - Nov, 2024	93,739	-2,279	-2,352	-1,876	-64.7	ー	Jan 14, 2025	J-GAAP
YoY	-16.9%	－	－	－	－

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jun - Nov, 2024 Guidance	ー	ー	ー	ー	－	0	Jul 11, 2024	J-GAAP
Jun - Nov, 2024 Results	93,739	-2,279	-2,352	-1,876	-64.7	0	Jan 14, 2025	J-GAAP
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
May, 2025 Prev	235,000	13,700	13,800	9,200	317.4	195	Jul 11, 2024	J-GAAP
May, 2025 New	207,000	4,000	3,900	1,400	48.3	195	Jan 14, 2025	J-GAAP
Revision Rate	-11.9%	-70.8%	-71.7%	-84.8%	-84.8%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec - May, 2023	134,976	9,579	9,691	6,849	236.3	190	Jul 11, 2024	J-GAAP
Dec - May, 2024 Guidance	113,261	6,279	6,252	3,276	113.0	195	Jan 14, 2025	J-GAAP
YoY	-16.1%	-34.5%	-35.5%	-52.2%	-52.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
May, 2023	256,065	13,264	13,477	8,715	298.4	180	Jul 11, 2023	J-GAAP
May, 2024	247,733	12,586	12,877	8,752	301.9	190	Jul 11, 2024	J-GAAP
May, 2025 Guidance	207,000	4,000	3,900	1,400	48.3	195	Jan 14, 2025	J-GAAP
YoY	-16.4%	-68.2%	-69.7%	-84.0%	-84.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Sep - Nov, 2023	59,520	1,627	1,655	971	33.5	2.7	Jan 11, 2024	J-GAAP
Dec - Feb, 2023	39,751	-1,548	-1,490	-1,140	-39.3	-3.9	Apr 11, 2024	J-GAAP
Mar - May, 2024	95,225	11,127	11,181	7,989	275.6	11.7	Jul 11, 2024	J-GAAP
Jun - Aug, 2024	36,759	-3,763	-3,876	-2,537	-87.5	-10.2	Oct 11, 2024	J-GAAP
Sep - Nov, 2024	56,980	1,484	1,524	661	22.8	2.6	Jan 14, 2025	J-GAAP
YoY	-4.3%	-8.8%	-7.9%	-31.9%	-32.0%