TYK, The Current Fiscal Year Ordinary Profit Revised Upward to an Unexpected 22% Increase, Raises Record High Profit, Dividend Revised Upward by 2.4 yen

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Fri Feb 14, 2025 3:30 pm JST Earnings

5363 TYK CORPORATION 【J-GAAP】

Earnings Report

TYK CORPORATION <5363> [TSE Std] announced its financial results after the market closed on February 14th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 24.5% from the same period last year, reaching 3.84 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward 23.5%, from the previous forecast of 4 billion yen to 4.94 billion yen (compared to 4.05 billion yen in the previous period), record profits reach three consecutive terms, turning to a 21.9% 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) is expected to increase 57.5%, from the previous forecast of 1.63 billion yen to 2.57 billion yen (compared to 1.86 billion yen in the same period of the previous year), turning to a 38.3% increase in the consolidated ordinary profit outlook.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 17.3 yen to 19.7 yen (compared to 16.2 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 64.4% from the same period last year, reaching 1.48 billion yen. The operating profit margin jumped from 10.3% in the same period last year to 14.5%.

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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	21,310	2,485	2,978	1,637	37.0	78.4	Feb 10, 2023	J-GAAP
Apr - Dec, 2023	22,587	2,434	3,091	1,840	41.6	76.3	Feb 14, 2024	J-GAAP
Apr - Dec, 2024	23,717	3,312	3,848	2,260	51.0	77.9	Feb 14, 2025	J-GAAP
YoY	+5.0%	+36.1%	+24.5%	+22.8%	+22.7%

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	14,988	1,332	1,635	1,033	23.3	8.80	Nov 14, 2024	J-GAAP
Oct - Mar, 2024 New	15,908	2,232	2,575	1,383	31.2	11.20	Feb 14, 2025	J-GAAP
Revision Rate	+6.1%	+67.6%	+57.5%	+33.9%	+33.9%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	30,630	3,470	4,000	2,550	57.5	17.30	Nov 14, 2024	J-GAAP
Mar, 2025 New	31,550	4,370	4,940	2,900	65.4	19.70	Feb 14, 2025	J-GAAP
Revision Rate	+3.0%	+25.9%	+23.5%	+13.7%	+13.7%

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	14,849	1,516	1,862	1,012	22.8	8.20	May 17, 2024	J-GAAP
Oct - Mar, 2024 Guidance	15,908	2,232	2,575	1,383	31.2	11.20	Feb 14, 2025	J-GAAP
YoY	+7.1%	+47.2%	+38.3%	+36.7%	+36.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	28,680	3,199	3,797	2,115	47.8	12	May 19, 2023	J-GAAP
Mar, 2024	30,011	3,182	4,051	2,378	53.7	16.20	May 17, 2024	J-GAAP
Mar, 2025 Guidance	31,550	4,370	4,940	2,900	65.4	19.70	Feb 14, 2025	J-GAAP
YoY	+5.1%	+37.3%	+21.9%	+22.0%	+21.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	7,425	768	902	474	10.7	10.3	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	7,424	748	960	538	12.1	10.1	May 17, 2024	J-GAAP
Apr - Jun, 2024	7,836	1,059	1,483	1,083	24.5	13.5	Aug 13, 2024	J-GAAP
Jul - Sep, 2024	7,806	1,079	882	434	9.8	13.8	Nov 14, 2024	J-GAAP
Oct - Dec, 2024	8,075	1,174	1,483	743	16.8	14.5	Feb 14, 2025	J-GAAP
YoY	+8.8%	+52.9%	+64.4%	+56.8%	+56.6%