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TSUGAMI, Apr-Dec (Cumulative 3Q) Net Income Increases by 2.1 times, Oct-Dec Net Income Increases by 2.0 times

Thu Jan 30, 2025 1:00 pm JST Earnings

6101 TSUGAMI CORPORATION 【IFRS】

Earnings Report

TSUGAMI CORPORATION <6101> [TSE Prime] announced its financial results (based on IFRS) in the afternoon session on January 30th (13:00). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2025 (April to December) surged 2.1 times that of the same period last year, reaching 7.76 billion yen. The progress rate toward the full-year plan of 8 billion yen was 97.1%, also surpassing the five-year average of 75.2%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the January to March period (4Q) is expected to significant drop 86.5% from the same period last year to 0.23 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated net income surged 2.0 times that of the same period last year, reaching 2.95 billion yen. The operating profit margin jumped from 16.9% in the same period last year to 23.0%.

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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
Apr - Dec, 2022 72,428 12,985 12,829 6,079 125.8 77.9 Jan 30, 2023 IFRS
Apr - Dec, 2023 62,839 9,750 10,100 3,633 75.9 73.2 Jan 30, 2024 IFRS
Apr - Dec, 2024 74,889 15,699 16,169 7,764 164.7 Jan 30, 2025 IFRS
YoY +19.2% +61.0% +60.1% +113.7% +116.9%

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 43,634 7,154 7,337 3,185 66.7 24 May 14, 2024 IFRS
Oct - Mar, 2024 Guidance 47,205 8,584 3,187 67.1 27 Nov 13, 2024 IFRS
YoY +8.2% +20.0% +0.1% +0.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 94,963 16,758 16,467 7,695 159.4 46 May 11, 2023 IFRS
Mar, 2024 83,928 13,095 13,795 5,376 112.6 48 May 14, 2024 IFRS
Mar, 2025 Guidance 97,000 18,500 8,000 168.4 54 Nov 13, 2024 IFRS
YoY +15.6% +41.3% +48.8% +49.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 22,545 3,809 3,642 1,442 30.1 16.9 Jan 30, 2024 IFRS
Jan - Mar, 2024 21,089 3,345 3,695 1,743 36.5 15.9 May 14, 2024 IFRS
Apr - Jun, 2024 25,731 5,789 6,063 2,705 57.2 22.5 Jul 30, 2024 IFRS
Jul - Sep, 2024 24,064 4,127 3,793 2,108 44.7 17.2 Nov 13, 2024 IFRS
Oct - Dec, 2024 25,094 5,783 6,313 2,951 62.6 23.0 Jan 30, 2025 IFRS
YoY +11.3% +51.8% +73.3% +104.6% +107.8%

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