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

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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	ー	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	ー	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	ー	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%