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TAISEI ONCHO CO.,LTD., First Half Ordinary Profit Increases by 28%, July-September Ordinary Profit Increases by 48%

Tue Nov 12, 2024 3:30 pm JST Earnings

1904 TAISEI ONCHO CO.,LTD. 【J-GAAP】

Earnings Report

TAISEI ONCHO CO.,LTD. <1904> [TSE-S] announced its financial results after the market closed on November 12th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 28.3% from the same period last year, reaching 1.64 billion yen. The progress rate against the 2.4 billion yen full-year plan was 68.5%, also surpassing the five-year average of 31.5%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to significant drop by 58.1% from the same period last year to 755 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 47.7% from the same period last year, reaching 1.15 billion yen. The operating profit margin improved from 3.9% in the same period last year to 6.8%.

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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, 2022 19,683 277 749 417 68.7 37.5 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 27,553 1,068 1,282 524 90.1 41.6 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 29,081 1,365 1,645 1,553 255.0 68.5 Nov 12, 2024 J-GAAP
YoY +5.5% +27.8% +28.3% +196.4% +183.0%

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 － 66 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 29,081 1,365 1,645 1,553 255.0 66 Nov 12, 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 33,503 1,946 1,803 1,438 246.0 128 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 27,919 835 755 247 40.8 66 Nov 12, 2024 J-GAAP
YoY -16.7% -57.1% -58.1% -82.8% -83.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 46,459 1,732 1,998 1,469 246.0 82 May 11, 2023 J-GAAP
Mar, 2024 61,056 3,014 3,085 1,962 335.7 128 May 14, 2024 J-GAAP
Mar, 2025 Guidance 57,000 2,200 2,400 1,800 297.5 132 May 14, 2024 J-GAAP
YoY -6.6% -27.0% -22.2% -8.3% -11.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 15,432 600 782 512 88.1 3.9 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 15,929 544 625 450 77.4 3.4 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 17,574 1,402 1,178 988 169.0 8.0 May 14, 2024 J-GAAP
Apr - Jun, 2024 13,433 304 490 669 111.0 2.3 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 15,648 1,061 1,155 884 145.2 6.8 Nov 12, 2024 J-GAAP
YoY +1.4% +76.8% +47.7% +72.7% +64.8%

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