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TDSE, Ordinary Profit Forecast for the Fiscal Year Revised Downward by 7%

Fri Oct 31, 2025 3:30 pm JST Earnings

7046 TDSE Inc. 【J-GAAP】

Earnings Report

TDSE Inc. <7046> [TSE Growth] announced its financial results after the market closed on October 31st (15:30). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2026 (April to September) dropped 41.8% from the same period last year to 46 million yen.

In addition, the full-year forecast for ordinary profit has decreased 7.3%, from the previous forecast of 220 million yen to 204 million yen (compared to 201 million yen in the previous period), leading to a reduction in the profit growth rate from 9.5% to 1.5%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to grow 29.5% from the same period last year, reaching 158 million yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit decreased to 43 million yen, a 4.4% decrease compared to the same period last year. The operating profit margin worsened from 7.4% in the same period last year to 4.8%.

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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
Apr - Sep, 2023 1,246 115 117 80 38.9 42.7 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 1,265 80 79 52 25.3 39.3 Oct 31, 2024 J-GAAP
Apr - Sep, 2025 1,415 42 46 31 15.1 22.5 Oct 31, 2025 J-GAAP
YoY +11.9% -47.5% -41.8% -40.4% -40.4%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance ー ー ー ー － 0 May 14, 2025 J-GAAP
Apr - Sep, 2025 Results 1,415 42 46 31 15.1 0 Oct 31, 2025 J-GAAP
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 3,160 220 220 143 68.3 10 May 14, 2025 J-GAAP
Mar, 2026 New 3,000 200 204 137 65.5 10 Oct 31, 2025 J-GAAP
Revision Rate -5.1% -9.1% -7.3% -4.2% -4.2%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 1,434 118 122 84 40.5 10 May 14, 2025 J-GAAP
Oct - Mar, 2025 Guidance 1,585 158 158 106 50.6 10 Oct 31, 2025 J-GAAP
YoY +10.5% +33.9% +29.5% +26.2% +25.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 2,521 271 274 200 96.6 10 May 15, 2024 J-GAAP
Mar, 2025 2,699 198 201 136 65.6 10 May 14, 2025 J-GAAP
Mar, 2026 Guidance 3,000 200 204 137 65.5 10 Oct 31, 2025 J-GAAP
YoY +11.2% +1.0% +1.5% +0.7% -0.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 650 48 45 30 14.6 7.4 Oct 31, 2024 J-GAAP
Oct - Dec, 2024 697 65 79 54 26.2 9.3 Jan 31, 2025 J-GAAP
Jan - Mar, 2025 737 53 43 30 14.5 7.2 May 14, 2025 J-GAAP
Apr - Jun, 2025 670 6 3 2 1.2 0.9 Jul 31, 2025 J-GAAP
Jul - Sep, 2025 745 36 43 29 14.1 4.8 Oct 31, 2025 J-GAAP
YoY +14.6% -25.0% -4.4% -3.3% -3.4%

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