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TESS Holdings, First Half Ordinary Profit Decreases by 84%, Oct-Dec Ordinary Profit Turns to Loss

Fri Feb 14, 2025 3:00 pm JST Earnings

5074 TESS Holdings CO.,Ltd. 【J-GAAP】

Earnings Report

TESS Holdings CO.,Ltd. <5074> [TSE Prime] announced its financial results in the afternoon session on February 14th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending June 2025 (July to December) significantly dropped 83.5% from the same period last year to 240 million yen. The progress rate toward the full-year plan of 400 million yen was 60.0%, also surpassing the five-year average of 50.4%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to June period (2H) is expected to significant drop 97.4% from the same period last year to 160 million yen.

In the most recent three-month period, from October to December (2Q), the consolidated ordinary profit/loss turned to a loss of 517 million yen (compared to a profit of 960 million yen in the same period last year). However, the operating profit margin rose from 11.9% in the same period last year to 15.1%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jul - Dec, 2022 16,610 2,923 2,501 1,560 30.3 45.3 Feb 14, 2023 J-GAAP
Jul - Dec, 2023 15,068 1,765 1,458 865 12.3 19.0 Feb 14, 2024 J-GAAP
Jul - Dec, 2024 18,013 2,409 240 597 8.5 60.0 Feb 14, 2025 J-GAAP
YoY +19.5% +36.5% -83.5% -31.0% -31.1%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 Guidance ー ー ー ー － 0 Aug 14, 2024 J-GAAP
Jul - Dec, 2024 Results 18,013 2,409 240 597 8.5 0 Feb 14, 2025 J-GAAP
Revision Rate － － － － －

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2024 15,575 605 6,202 320 4.5 16 Aug 14, 2024 J-GAAP
Jan - Jun, 2025 Guidance 19,987 291 160 103 1.5 7.66 Feb 14, 2025 J-GAAP
YoY +28.3% -51.9% -97.4% -67.8% -67.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun, 2023 34,415 6,864 5,518 3,592 69.7 17.73 Aug 14, 2023 J-GAAP
Jun, 2024 30,643 2,370 7,660 1,185 16.8 16 Aug 14, 2024 J-GAAP
Jun, 2025 Guidance 38,000 2,700 400 700 9.9 7.66 Nov 5, 2024 J-GAAP
YoY +24.0% +13.9% -94.8% -40.9% -41.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 8,847 1,051 960 582 8.3 11.9 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 7,790 308 2,313 1,533 21.8 4.0 May 15, 2024 J-GAAP
Apr - Jun, 2024 7,785 297 3,889 -1,213 -17.2 3.8 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 8,308 944 757 684 9.7 11.4 Nov 14, 2024 J-GAAP
Oct - Dec, 2024 9,705 1,465 -517 -87 -1.2 15.1 Feb 14, 2025 J-GAAP
YoY +9.7% +39.4% － － －

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