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TAISEI CORPORATION, The Current Fiscal Year Ordinary Profit Revised Upward by 8%

Thu Nov 7, 2024 1:00 pm JST Earnings

1801 TAISEI CORPORATION 【J-GAAP】

Earnings Report

TAISEI CORPORATION <1801> [TSE-P] announced its financial results in the afternoon session on November 7th (13:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 2.7 times that of the same period last year, reaching 49.7 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward by 7.8%, from the previous forecast of 90 billion yen to 97 billion yen (compared to 38.9 billion yen in the previous period), increasing the growth rate from 2.3 times to 2.5 times.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to surge by 2.3 times that of the same period last year, reaching 47.2 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 21.6 billion yen, a 4.8% decrease compared to the same period last year. The operating profit margin worsened from 5.2% in the same period last year to 4.4%.

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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 718,541 22,413 27,728 18,518 93.2 43.9 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 738,133 13,069 18,306 14,873 79.2 47.0 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 952,298 40,533 49,748 44,849 244.0 51.3 Nov 7, 2024 J-GAAP
YoY +29.0% +210.1% +171.8% +201.5% +208.0%

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 － 65 May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 952,298 40,533 49,748 44,849 244.0 65 Nov 7, 2024 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, 2025 Prev 1,990,000 87,000 90,000 65,000 375.2 130 May 13, 2024 J-GAAP
Mar, 2025 New 1,990,000 87,000 97,000 83,000 479.1 130 Nov 7, 2024 J-GAAP
Revision Rate 0.0% 0.0% +7.8% +27.7% +27.7%

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 1,026,890 13,411 20,604 25,399 136.1 65 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 1,037,702 46,467 47,252 38,151 220.2 65 Nov 7, 2024 J-GAAP
YoY +1.1% +246.5% +129.3% +50.2% +61.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 1,642,712 54,740 63,125 47,124 241.2 130 May 12, 2023 J-GAAP
Mar, 2024 1,765,023 26,480 38,910 40,272 215.8 130 May 13, 2024 J-GAAP
Mar, 2025 Guidance 1,990,000 87,000 97,000 83,000 479.1 130 Nov 7, 2024 J-GAAP
YoY +12.7% +228.5% +149.3% +106.1% +122.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 409,219 21,109 22,733 17,151 91.3 5.2 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 408,191 4,443 6,787 4,886 26.1 1.1 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 618,699 8,968 13,817 20,513 109.9 1.4 May 13, 2024 J-GAAP
Apr - Jun, 2024 457,064 18,790 28,107 23,356 126.7 4.1 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 495,234 21,743 21,641 21,493 116.9 4.4 Nov 7, 2024 J-GAAP
YoY +21.0% +3.0% -4.8% +25.3% +28.0%

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