TANABE ENGINEERING, The Current Fiscal Year Ordinary Profit Revised Upward by 15%, Exceeded Record Profit Forecast, Dividend Revised Upward by 5 yen

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Fri Feb 7, 2025 3:00 pm JST Earnings

1828 TANABE ENGINEERING CORPORATION 【J-GAAP】

Earnings Report

TANABE ENGINEERING CORPORATION <1828> [TSE Std] announced its financial results in the afternoon session on February 7th (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 3.16 billion yen, an increase 82.5% compared to the same period last year.

In addition, the full-year consolidated ordinary profit has been revised upward 14.8%, from the previous forecast of 3.05 billion yen to 3.5 billion yen (compared to 2.72 billion yen in the previous period), increasing the growth rate from 11.9% to 28.4%. The company has further increased its previous forecast of record profits for the first time in three years.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) is expected to increase 39.4%, from the previous forecast of 1.14 billion yen to 1.59 billion yen (compared to 1.15 billion yen in the same period of the previous year), turning to a 37.3% increase in the consolidated ordinary profit outlook.

In light of the strong performance, the company has increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 70 yen to 75 yen (compared to 50 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit surged 7.6 times that of the same period last year, reaching 1.25 billion yen. The operating profit margin drastically improved from 1.1% in the same period last year to 9.2%.

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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	31,746	2,177	2,223	1,489	139.2	79.8	Feb 7, 2023	J-GAAP
Apr - Dec, 2023	37,579	1,693	1,733	1,139	107.7	63.6	Feb 7, 2024	J-GAAP
Apr - Dec, 2024	38,292	3,096	3,163	2,073	198.0	90.4	Feb 7, 2025	J-GAAP
YoY	+1.9%	+82.9%	+82.5%	+82.0%	+83.8%

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	26,929	1,122	1,141	779	74.3	70	Nov 6, 2024	J-GAAP
Oct - Mar, 2024 New	26,929	1,572	1,591	979	93.3	75	Feb 7, 2025	J-GAAP
Revision Rate	0.0%	+40.1%	+39.4%	+25.7%	+25.7%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	52,000	3,000	3,050	2,000	190.6	70	Nov 6, 2024	J-GAAP
Mar, 2025 New	52,000	3,450	3,500	2,200	209.7	75	Feb 7, 2025	J-GAAP
Revision Rate	0.0%	+15.0%	+14.8%	+10.0%	+10.0%

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	28,478	1,138	1,159	865	82.0	50	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	26,929	1,572	1,591	979	93.3	75	Feb 7, 2025	J-GAAP
YoY	-5.4%	+38.1%	+37.3%	+13.2%	+13.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	42,944	2,732	2,785	1,656	154.8	40	May 12, 2023	J-GAAP
Mar, 2024	51,842	2,677	2,726	1,895	179.7	50	May 13, 2024	J-GAAP
Mar, 2025 Guidance	52,000	3,450	3,500	2,200	209.7	75	Feb 7, 2025	J-GAAP
YoY	+0.3%	+28.9%	+28.4%	+16.1%	+16.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	14,215	154	166	109	10.3	1.1	Feb 7, 2024	J-GAAP
Jan - Mar, 2024	14,263	984	993	756	71.7	6.9	May 13, 2024	J-GAAP
Apr - Jun, 2024	12,178	877	901	536	51.3	7.2	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	12,893	1,001	1,008	685	65.5	7.8	Nov 6, 2024	J-GAAP
Oct - Dec, 2024	13,221	1,218	1,254	852	81.4	9.2	Feb 7, 2025	J-GAAP
YoY	-7.0%	+690.9%	+655.4%	+681.7%	+689.2%