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TDSE, The Current Fiscal Year Ordinary Profit Revised Upward by 35%

Fri Jan 31, 2025 3:30 pm JST Earnings

7046 TDSE Inc. 【J-GAAP】

Earnings Report

TDSE Inc. <7046> [TSE Growth] announced its financial results after the market closed on January 31st (15:30). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 12.2% from the same period last year to 158 million yen.

However, the full-year ordinary profit has been revised upward 34.8%, from the previous forecast of 138 million yen to 186 million yen (compared to 274 million yen in the previous period), and the declining rate is expected to decrease from 49.6% to 32.1%.

Based on the full-year plan announced by the company after the upward revision, our estimate of the ordinary profit for the October to March period (2H) has been revised upward 81.4%, from the previous forecast of 59 million yen to 107 million yen (compared to 157 million yen in the same period of the previous year), and the declining rate is expected to decrease from 62.4% to 31.8%.

In the most recent three-month period, from October to December (3Q), the ordinary profit grew 25.4% from the same period last year, reaching 79 million yen. However, the operating profit margin decreased from 10.3% in the same period last year to 9.3%.

Kabutan News

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 1,747 233 233 131 63.9 87.3 Jan 31, 2023 J-GAAP
Apr - Dec, 2023 1,875 180 180 123 59.4 65.7 Jan 31, 2024 J-GAAP
Apr - Dec, 2024 1,962 145 158 106 51.4 84.9 Jan 31, 2025 J-GAAP
YoY +4.6% -19.4% -12.2% -13.8% -13.5%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Prev 1,348 60 59 43 20.6 10 Oct 31, 2024 J-GAAP
Oct - Mar, 2024 New 1,415 105 107 72 34.5 10 Jan 31, 2025 J-GAAP
Revision Rate +5.0% +75.0% +81.4% +67.4% +67.4%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 2,613 140 138 95 45.5 10 Oct 31, 2024 J-GAAP
Mar, 2025 New 2,680 185 186 124 59.4 10 Jan 31, 2025 J-GAAP
Revision Rate +2.6% +32.1% +34.8% +30.5% +30.5%

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 1,275 156 157 120 58.0 10 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 1,415 105 107 72 34.5 10 Jan 31, 2025 J-GAAP
YoY +11.0% -32.7% -31.8% -40.0% -40.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 2,415 265 267 168 81.8 10 May 15, 2023 J-GAAP
Mar, 2024 2,521 271 274 200 96.6 10 May 15, 2024 J-GAAP
Mar, 2025 Guidance 2,680 185 186 124 59.4 10 Jan 31, 2025 J-GAAP
YoY +6.3% -31.7% -32.1% -38.0% -38.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 629 65 63 43 20.8 10.3 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 646 91 94 77 37.2 14.1 May 15, 2024 J-GAAP
Apr - Jun, 2024 615 32 34 22 11.0 5.2 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 650 48 45 30 14.6 7.4 Oct 31, 2024 J-GAAP
Oct - Dec, 2024 697 65 79 54 26.2 9.3 Jan 31, 2025 J-GAAP
YoY +10.8% 0.0% +25.4% +25.6% +26.0%

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