TEAC, Apr-Dec (Cumulative 3Q) Net Income Loss Widens, Oct-Dec Net Income Decreases by 93%

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Fri Feb 7, 2025 12:00 pm JST Earnings

6803 TEAC CORPORATION 【IFRS】

Earnings Report

TEAC CORPORATION <6803> [TSE Std] announced its financial results (based on IFRS) at noon (12:00) on February 7th. The consolidated net loss for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded to a loss of 331 million yen (compared to a loss of 187 million yen in the same period last year).

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 surge 4.0 times that of the same period last year, reaching 531 million yen.

In the most recent three-month period, from October to December (3Q), the consolidated net income significantly dropped to 13 million yen, a 92.8% decrease compared to the same period last year. However, the operating profit margin improved from 3.8% in the same period last year to 4.6%.

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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	11,480	401	216	181	6.3	63.3	Feb 3, 2023	IFRS
Apr - Dec, 2023	11,215	101	-178	-187	-6.5	ー	Feb 14, 2024	IFRS
Apr - Dec, 2024	11,039	-85	-342	-331	-11.5	ー	Feb 7, 2025	IFRS
YoY	-1.6%	－	-92.1%	-77.0%	-76.9%

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	8,346	492	362	315	11.0	1	May 10, 2024	IFRS
Oct - Mar, 2024 Guidance	9,264	782	611	544	18.9	1	Nov 8, 2024	IFRS
YoY	+11.0%	+58.9%	+68.8%	+72.7%	+71.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	15,699	563	341	305	10.6	1	May 12, 2023	IFRS
Mar, 2024	15,672	445	5	-53	-1.9	1	May 10, 2024	IFRS
Mar, 2025 Guidance	16,000	500	250	200	6.9	1	May 10, 2024	IFRS
YoY	+2.1%	+12.4%	+4,900.0%	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	3,889	148	179	181	6.3	3.8	Feb 14, 2024	IFRS
Jan - Mar, 2024	4,457	344	183	134	4.7	7.7	May 10, 2024	IFRS
Apr - Jun, 2024	3,073	-275	-398	-393	-13.7	-8.9	Aug 9, 2024	IFRS
Jul - Sep, 2024	3,663	-7	37	49	1.7	-0.2	Nov 8, 2024	IFRS
Oct - Dec, 2024	4,303	197	19	13	0.5	4.6	Feb 7, 2025	IFRS
YoY	+10.6%	+33.1%	-89.4%	-92.8%	-92.8%