Takasago Thermal Engineering, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 14%, Oct-Dec Ordinary Profit Increases by 9%

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Thu Feb 13, 2025 11:30 am JST Earnings

1969 Takasago Thermal Engineering Co., Ltd. 【J-GAAP】

Earnings Report

Takasago Thermal Engineering Co., Ltd. <1969> [TSE Prime] announced its financial results at noon (11:30) on February 13th. The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 14.1% from the same period last year, reaching 22.9 billion yen. The progress rate toward the full-year plan of 31 billion yen was 73.9%, exceeding the five-year average of 61.9%.

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 expand 33.1% from the same period last year, reaching 8.09 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 8.9% from the same period last year, reaching 11.7 billion yen. The operating profit margin rose from 10.4% in the same period last year to 10.6%.

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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	238,681	8,521	9,787	6,920	104.5	58.7	Feb 10, 2023	J-GAAP
Apr - Dec, 2023	263,732	18,509	20,065	14,064	212.1	76.7	Feb 8, 2024	J-GAAP
Apr - Dec, 2024	265,193	20,925	22,902	16,621	250.3	73.9	Feb 13, 2025	J-GAAP
YoY	+0.6%	+13.1%	+14.1%	+18.2%	+18.0%

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	198,996	15,987	16,894	13,591	204.9	91	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	212,090	18,721	19,866	15,708	236.5	79	Nov 14, 2024	J-GAAP
YoY	+6.6%	+17.1%	+17.6%	+15.6%	+15.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	338,831	15,326	16,685	12,227	184.7	63	May 12, 2023	J-GAAP
Mar, 2024	363,366	24,192	26,150	19,612	295.7	129	May 14, 2024	J-GAAP
Mar, 2025 Guidance	372,000	28,500	31,000	23,900	359.9	144	Nov 1, 2024	J-GAAP
YoY	+2.4%	+17.8%	+18.5%	+21.9%	+21.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	99,362	10,304	10,809	8,043	121.3	10.4	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	99,634	5,683	6,085	5,548	83.6	5.7	May 14, 2024	J-GAAP
Apr - Jun, 2024	70,415	1,897	2,910	2,027	30.6	2.7	Aug 6, 2024	J-GAAP
Jul - Sep, 2024	89,495	7,882	8,224	6,165	92.9	8.8	Nov 14, 2024	J-GAAP
Oct - Dec, 2024	105,283	11,146	11,768	8,429	127.0	10.6	Feb 13, 2025	J-GAAP
YoY	+6.0%	+8.2%	+8.9%	+4.8%	+4.7%