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TANAKEN, First Half Ordinary Profit Increases by 100%, July-September Ordinary Profit Increases by 2.7 times

Fri Nov 8, 2024 3:30 pm JST Earnings

1450 TANAKEN Inc. 【J-GAAP】

Earnings Report

TANAKEN <1450> [TSE-S] announced its financial results after the market closed on November 8th (15:30). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 1.09 billion yen, an increase of 99.6% compared to the same period last year. The progress rate against the 1.65 billion yen full-year plan was 66.3%, also surpassing the five-year average of 47.8%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to drop by 49.1% from the same period last year to 556 million yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit surged to 2.7 times that of the same period last year, reaching 611 million yen. The operating profit margin jumped from 10.5% in the same period last year to 19.9%.

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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, 2022 6,022 1,067 1,080 668 76.9 67.5 Nov 14, 2022 J-GAAP
Apr - Sep, 2023 4,401 526 548 328 37.8 33.4 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 5,639 1,089 1,094 681 78.3 66.3 Nov 8, 2024 J-GAAP
YoY +28.1% +107.0% +99.6% +107.6% +107.1%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Guidance ー ー ー ー － 0 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 5,639 1,089 1,094 681 78.3 0 Nov 8, 2024 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
Oct - Mar, 2023 6,275 1,082 1,092 762 87.6 40 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 7,361 511 556 419 48.2 40 Nov 8, 2024 J-GAAP
YoY +17.3% -52.8% -49.1% -45.0% -45.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 11,246 1,560 1,600 1,086 124.9 40 May 12, 2023 J-GAAP
Mar, 2024 10,676 1,608 1,640 1,090 125.3 40 May 10, 2024 J-GAAP
Mar, 2025 Guidance 13,000 1,600 1,650 1,100 126.5 40 May 10, 2024 J-GAAP
YoY +21.8% -0.5% +0.6% +0.9% +0.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 2,116 223 229 140 16.1 10.5 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 3,137 394 402 261 30.0 12.6 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 3,138 688 690 501 57.6 21.9 May 10, 2024 J-GAAP
Apr - Jun, 2024 2,585 482 483 299 34.5 18.6 Aug 1, 2024 J-GAAP
Jul - Sep, 2024 3,054 607 611 382 43.9 19.9 Nov 8, 2024 J-GAAP
YoY +44.3% +172.2% +166.8% +172.9% +172.2%

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