TENDA, The Current Fiscal Year Ordinary Profit Revised Downward to an Unexpected 7% Decrease

TENDA Co.,LTD. <4198> [TSE Std] announced its financial results after the market closed on April 14th (17:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending May 2025 (June 2024 to February 2025) increased 13.4% from the same period last year, reaching 380 million yen.

However, the full-year consolidated ordinary profit has decreased 27.1%, from the previous forecast of 700 million yen to 510 million yen (compared to 547 million yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 6.8% 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 December to May period (2H) has decreased 49.6%, from the previous forecast of 383 million yen to 193 million yen (compared to 305 million yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 36.7% decrease in profit.

In the most recent three-month period, from December to February (3Q), the consolidated ordinary profit dropped to 63 million yen, a 32.3% decrease compared to the same period last year. The operating profit margin worsened from 7.0% in the same period last year to 4.7%.

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