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Takasago Thermal Engineering Co., Ltd., First Half Ordinary Profit Increases by 20%, July-September Ordinary Profit Increases by 34%

Thu Nov 14, 2024 11:30 am JST Earnings

1969 Takasago Thermal Engineering Co., Ltd. 【J-GAAP】

Earnings Report

Takasago Thermal Engineering Co., Ltd. <1969> [TSE-P] announced its financial results at noon (11:30) on November 14th. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 20.3% from the same period last year, reaching 11.1 billion yen. The progress rate against the 31 billion yen full-year plan was 35.9%, exceeding the five-year average of 28.0%.

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 17.6% from the same period last year, reaching 19.8 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 33.9% from the same period last year, reaching 8.22 billion yen. The operating profit margin improved from 6.8% in the same period last year to 8.8%.

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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 150,801 1,555 2,347 1,462 22.1 14.1 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 164,370 8,205 9,256 6,021 90.8 35.4 Nov 14, 2023 J-GAAP
Apr - Sep, 2024 159,910 9,779 11,134 8,192 123.4 35.9 Nov 14, 2024 J-GAAP
YoY -2.7% +19.2% +20.3% +36.1% +35.9%

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 14, 2024 J-GAAP
Apr - Sep, 2024 Results 159,910 9,779 11,134 8,192 123.4 65 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 198,996 15,987 16,894 13,591 204.9 91 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 212,090 18,721 19,866 15,708 236.5 79 Nov 14, 2024 J-GAAP
YoY +6.6% +17.1% +17.6% +15.6% +15.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 338,831 15,326 16,685 12,227 184.7 63 May 12, 2023 J-GAAP
Mar, 2024 363,366 24,192 26,150 19,612 295.7 129 May 14, 2024 J-GAAP
Mar, 2025 Guidance 372,000 28,500 31,000 23,900 359.9 144 Nov 1, 2024 J-GAAP
YoY +2.4% +17.8% +18.5% +21.9% +21.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 86,124 5,886 6,142 4,049 61.1 6.8 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 99,362 10,304 10,809 8,043 121.3 10.4 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 99,634 5,683 6,085 5,548 83.6 5.7 May 14, 2024 J-GAAP
Apr - Jun, 2024 70,415 1,897 2,910 2,027 30.6 2.7 Aug 6, 2024 J-GAAP
Jul - Sep, 2024 89,495 7,882 8,224 6,165 92.9 8.8 Nov 14, 2024 J-GAAP
YoY +3.9% +33.9% +33.9% +52.3% +52.1%

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