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TAIHEI DENGYO KAISHA,LTD., First Half Ordinary Profit Increases by 43%

Thu Nov 14, 2024 3:00 pm JST Earnings

1968 TAIHEI DENGYO KAISHA,LTD. 【J-GAAP】

Earnings Report

TAIHEI DENGYO KAISHA,LTD. <1968> [TSE-P] announced its financial results in the afternoon session on November 14th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 6.23 billion yen, an increase of 42.8% compared to the same period last year. However, The progress rate against the 14.2 billion yen full-year plan was 43.9%, almost the same as the five-year average of 46.6%.

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 grow by 11.5% from the same period last year, reaching 7.97 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit amounted to 2.91 billion yen, an increase of 1.6% compared to the same period last year. The operating profit margin significantly improved from 7.8% in the same period last year to 11.8%.

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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 59,130 6,438 7,797 5,587 98.0 51.7 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 58,081 3,210 4,364 3,129 54.8 37.9 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 60,361 6,062 6,230 4,283 71.6 43.9 Nov 14, 2024 J-GAAP
YoY +3.9% +88.8% +42.8% +36.9% +30.5%

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 － － May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 60,361 6,062 6,230 4,283 71.6 － Nov 14, 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 71,282 6,839 7,148 5,266 92.2 45 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 78,639 7,438 7,970 5,217 84.0 50 Nov 14, 2024 J-GAAP
YoY +10.3% +8.8% +11.5% -0.9% -8.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 125,774 14,345 15,092 10,619 186.1 40 May 11, 2023 J-GAAP
Mar, 2024 129,363 10,049 11,512 8,395 147.0 45 May 10, 2024 J-GAAP
Mar, 2025 Guidance 139,000 13,500 14,200 9,500 152.9 50 May 10, 2024 J-GAAP
YoY +7.4% +34.3% +23.3% +13.2% +4.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 31,179 2,443 2,872 1,952 34.2 7.8 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 33,978 2,784 2,792 2,334 40.9 8.2 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 37,304 4,055 4,356 2,932 51.4 10.9 May 10, 2024 J-GAAP
Apr - Jun, 2024 30,080 2,485 3,313 2,235 37.5 8.3 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 30,281 3,577 2,917 2,048 34.2 11.8 Nov 14, 2024 J-GAAP
YoY -2.9% +46.4% +1.6% +4.9% +0.1%

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