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TEAR Corporation, 16% Increase in Ordinary Profit, Record High for The First Time in Seven Years

Thu Nov 14, 2024 4:20 pm JST Earnings

2485 TEAR Corporation 【J-GAAP】

Earnings Report

TEAR Corporation <2485> [TSE-S] announced its financial results after the market closed on November 14th (16:20). The consolidated ordinary profit for the fiscal year ending September 2024 increased by 9.8% from the previous period to 1.24 billion yen. For the fiscal year ending September 2025, the profit is expected to grow by 16.3% to 1.44 billion yenExpected to reach record high profits for the first time in seven years. This will be the fifth consecutive term of revenue and profit growth.

In the most recent three-month period, from July to September (4Q), the consolidated ordinary profit surged to 4.3 times that of the same period last year, reaching 171 million yen. The operating profit margin improved from 1.2% in the same period last year to 3.7%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2022 13,283 1,057 1,048 568 25.4 20 Nov 11, 2022 J-GAAP
Sep, 2023 14,068 1,135 1,132 789 35.1 20 Nov 10, 2023 J-GAAP
Sep, 2024 18,839 1,438 1,243 752 33.4 20 Nov 14, 2024 J-GAAP
YoY +33.9% +26.7% +9.8% -4.7% -4.8%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2024 Guidance 18,940 1,390 1,180 695 30.9 20 May 10, 2024 J-GAAP
Sep, 2024 Results 18,839 1,438 1,243 752 33.4 20 Nov 14, 2024 J-GAAP
Revision Rate -0.5% +3.5% +5.3% +8.2% +8.3%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2023 9,142 956 793 519 23.1 10 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 10,890 960 900 525 23.3 10 Nov 14, 2024 J-GAAP
YoY +19.1% +0.4% +13.5% +1.2% +1.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2023 14,068 1,135 1,132 789 35.1 20 Nov 10, 2023 J-GAAP
Sep, 2024 18,839 1,438 1,243 752 33.4 20 Nov 14, 2024 J-GAAP
Sep, 2025 Guidance 21,340 1,555 1,445 785 34.9 20 Nov 14, 2024 J-GAAP
YoY +13.3% +8.1% +16.3% +4.4% +4.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 3,402 40 40 59 2.6 1.2 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 3,794 260 254 147 6.6 6.9 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 5,348 696 539 372 16.6 13.0 May 15, 2024 J-GAAP
Apr - Jun, 2024 4,770 288 267 149 6.6 6.0 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 4,927 194 183 84 3.7 3.9 Nov 14, 2024 J-GAAP
YoY +44.8% +385.0% +357.5% +42.4% +42.2%

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