TACHIBANA ELETECH, Oct-Dec (3Q) Ordinary Profit Increases by 6%

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Wed Feb 12, 2025 4:00 pm JST Earnings

8159 TACHIBANA ELETECH CO.,LTD. 【J-GAAP】

Earnings Report

TACHIBANA ELETECH CO.,LTD. <8159> [TSE Prime] announced its financial results after the market closed on February 12th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 28.9% from the same period last year to 6.63 billion yen. However, the progress rate toward the full-year plan of 8.5 billion yen was 78.1%, also surpassing the five-year average of 70.2%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to decrease 26.8% from the same period last year to 1.86 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 6.0% from the same period last year, reaching 2.95 billion yen. However, the operating profit margin worsened from 5.2% in the same period last year to 3.3%.

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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	168,642	7,248	7,931	5,616	224.9	72.1	Feb 9, 2023	J-GAAP
Apr - Dec, 2023	170,776	8,664	9,344	6,470	264.2	78.6	Feb 8, 2024	J-GAAP
Apr - Dec, 2024	159,888	5,730	6,639	5,409	228.8	78.1	Feb 12, 2025	J-GAAP
YoY	-6.4%	-33.9%	-28.9%	-16.4%	-13.4%

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	116,231	4,989	5,328	3,962	162.4	50	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	113,202	4,424	4,815	3,683	160.3	50	Nov 11, 2024	J-GAAP
YoY	-2.6%	-11.3%	-9.6%	-7.0%	-1.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	227,266	10,316	11,001	7,841	313.9	90	May 11, 2023	J-GAAP
Mar, 2024	231,042	10,764	11,886	8,471	347.3	100	May 13, 2024	J-GAAP
Mar, 2025 Guidance	220,000	8,400	8,500	6,500	282.9	100	Nov 11, 2024	J-GAAP
YoY	-4.8%	-22.0%	-28.5%	-23.3%	-18.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	55,965	2,889	2,786	1,961	80.1	5.2	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	60,266	2,100	2,542	2,001	82.0	3.5	May 13, 2024	J-GAAP
Apr - Jun, 2024	51,741	1,376	2,042	1,346	56.3	2.7	Aug 6, 2024	J-GAAP
Jul - Sep, 2024	55,057	2,600	1,643	1,471	61.9	4.7	Nov 11, 2024	J-GAAP
Oct - Dec, 2024	53,090	1,754	2,954	2,592	109.7	3.3	Feb 12, 2025	J-GAAP
YoY	-5.1%	-39.3%	+6.0%	+32.2%	+36.9%