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TAISEI ONCHO, The Current Fiscal Year Ordinary Profit Revised Upward to an Unexpected 0.5％ Increase

Thu Feb 13, 2025 3:30 pm JST Earnings

1904 TAISEI ONCHO CO.,LTD. 【J-GAAP】

Earnings Report

TAISEI ONCHO CO.,LTD. <1904> [TSE Std] announced its financial results after the market closed on February 13th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 28.5% from the same period last year, reaching 2.45 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward 29.2%, from the previous forecast of 2.4 billion yen to 3.1 billion yen (compared to 3.08 billion yen in the previous period), turning to a 0.5% increase in the consolidated ordinary profit outlook.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) has been revised upward 92.7%, from the previous forecast of 0.75 billion yen to 1.45 billion yen (compared to 1.8 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 58.1% to 19.3%.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 28.8% from the same period last year, reaching 0.8 billion yen. The operating profit margin improved from 3.4% in the same period last year to 5.2%.

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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 32,356 795 1,176 723 120.4 58.9 Feb 10, 2023 J-GAAP
Apr - Dec, 2023 43,482 1,612 1,907 974 167.6 61.8 Feb 9, 2024 J-GAAP
Apr - Dec, 2024 44,463 2,168 2,450 2,040 334.4 79.0 Feb 13, 2025 J-GAAP
YoY +2.3% +34.5% +28.5% +109.4% +99.5%

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 27,919 835 755 247 40.8 66 Nov 12, 2024 J-GAAP
Oct - Mar, 2024 New 31,119 1,535 1,455 947 156.5 66 Feb 13, 2025 J-GAAP
Revision Rate +11.5% +83.8% +92.7% +283.4% +283.4%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 57,000 2,200 2,400 1,800 297.5 132 May 14, 2024 J-GAAP
Mar, 2025 New 60,200 2,900 3,100 2,500 413.2 132 Feb 13, 2025 J-GAAP
Revision Rate +5.6% +31.8% +29.2% +38.9% +38.9%

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 33,503 1,946 1,803 1,438 246.0 128 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 31,119 1,535 1,455 947 156.5 66 Feb 13, 2025 J-GAAP
YoY -7.1% -21.1% -19.3% -34.1% -36.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 46,459 1,732 1,998 1,469 246.0 82 May 11, 2023 J-GAAP
Mar, 2024 61,056 3,014 3,085 1,962 335.7 128 May 14, 2024 J-GAAP
Mar, 2025 Guidance 60,200 2,900 3,100 2,500 413.2 132 Feb 13, 2025 J-GAAP
YoY -1.4% -3.8% +0.5% +27.4% +23.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 15,929 544 625 450 77.4 3.4 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 17,574 1,402 1,178 988 169.0 8.0 May 14, 2024 J-GAAP
Apr - Jun, 2024 13,433 304 490 669 111.0 2.3 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 15,648 1,061 1,155 884 145.2 6.8 Nov 12, 2024 J-GAAP
Oct - Dec, 2024 15,382 803 805 487 79.8 5.2 Feb 13, 2025 J-GAAP
YoY -3.4% +47.6% +28.8% +8.2% +3.1%

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