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TEIN INC, The Current Fiscal Year Ordinary Profit Revised Downward to an Unexpected 29% Decrease

Fri Feb 14, 2025 4:00 pm JST Earnings

7217 TEIN,INC. 【J-GAAP】

Earnings Report

TEIN,INC. <7217> [TSE Std] announced its financial results after the market closed on February 14th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) dropped 42.5% from the same period last year to 303 million yen.

In addition, the full-year consolidated ordinary profit has decreased 30.5%, from the previous forecast of 679 million yen to 472 million yen (compared to 668 million yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 29.3% decrease in profit.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) has decreased 52.1%, from the previous forecast of 397 million yen to 190 million yen (compared to 215 million yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 11.6% decrease in profit.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit significantly dropped to 21 million yen, a 71.6% decrease compared to the same period last year. The operating profit/loss margin drastically worsened from 7.8% in the same period last year to -4.7%.

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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 4,052 454 519 441 42.5 78.6 Feb 10, 2023 J-GAAP
Apr - Dec, 2023 3,645 446 527 369 35.5 78.9 Feb 9, 2024 J-GAAP
Apr - Dec, 2024 3,897 217 303 184 18.4 64.2 Feb 14, 2025 J-GAAP
YoY +6.9% -51.3% -42.5% -50.1% -48.3%

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 2,836 346 397 391 39.2 17.50 Nov 8, 2024 J-GAAP
Oct - Mar, 2024 New 2,786 85 190 165 16.5 17.50 Feb 14, 2025 J-GAAP
Revision Rate -1.8% -75.4% -52.1% -57.8% -57.8%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 5,533 636 679 537 53.8 17.50 May 15, 2024 J-GAAP
Mar, 2025 New 5,483 375 472 311 31.1 17.50 Feb 14, 2025 J-GAAP
Revision Rate -0.9% -41.0% -30.5% -42.1% -42.1%

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 2,300 159 215 157 15.1 18 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 2,786 85 190 165 16.5 17.50 Feb 14, 2025 J-GAAP
YoY +21.1% -46.5% -11.6% +5.1% +9.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 5,243 607 660 561 54.1 16 May 12, 2023 J-GAAP
Mar, 2024 4,865 521 668 468 45.1 18 May 15, 2024 J-GAAP
Mar, 2025 Guidance 5,483 375 472 311 31.1 17.50 Feb 14, 2025 J-GAAP
YoY +12.7% -28.0% -29.3% -33.5% -31.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 1,080 84 74 58 5.6 7.8 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 1,220 75 141 99 9.6 6.1 May 15, 2024 J-GAAP
Apr - Jun, 2024 1,370 116 165 73 7.2 8.5 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 1,327 174 117 73 7.2 13.1 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 1,200 -73 21 38 3.8 -6.1 Feb 14, 2025 J-GAAP
YoY +11.1% － -71.6% -34.5% -32.2%

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