Tabio Corporation, First Half Ordinary Profit Increases by 27%, June-Augus Ordinary Profit Turns to Profit

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Tue Oct 8, 2024 3:00 pm JST Earnings

2668 Tabio Corporation 【J-GAAP】

Earnings Report

Tabio Corporation <2668> [TSE-S] announced its financial results after the market closed on October 8th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2025 (March to August) increased by 26.7% from the same period last year, reaching 313 million yen. The progress rate against the 689 million yen full-year plan was 45.4%, exceeding the five-year average of 24.3%.

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 September to February period (second half) is expected to nearly flat of 0.5% from the same period last year, reaching 376 million yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit/loss turned to a profit of profit of 26 million yen (compared to a loss of 46 million yen in the same period last year). The operating profit/loss margin improved from -1.3% in the same period last year to 0.7%.

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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
Mar - Aug, 2022	7,017	49	64	-59	-8.8	12.1	Oct 7, 2022	J-GAAP
Mar - Aug, 2023	7,540	240	247	195	28.8	39.8	Oct 10, 2023	J-GAAP
Mar - Aug, 2024	7,961	306	313	179	26.5	45.4	Oct 8, 2024	J-GAAP
YoY	+5.6%	+27.5%	+26.7%	-8.2%	-8.0%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar - Aug, 2024 Guidance	ー	ー	ー	ー	－	0	Apr 9, 2024	J-GAAP
Mar - Aug, 2024 Results	7,961	306	313	179	26.5	0	Oct 8, 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
Sep - Feb, 2023	8,680	358	374	274	40.4	30	Apr 9, 2024	J-GAAP
Sep - Feb, 2024 Guidance	8,600	378	376	331	48.7	30	Oct 8, 2024	J-GAAP
YoY	-0.9%	+5.6%	+0.5%	+20.8%	+20.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	15,264	507	529	232	34.2	30	Apr 11, 2023	J-GAAP
Feb, 2024	16,220	598	621	469	69.1	30	Apr 9, 2024	J-GAAP
Feb, 2025 Guidance	16,561	684	689	510	75.1	30	Apr 9, 2024	J-GAAP
YoY	+2.1%	+14.4%	+11.0%	+8.7%	+8.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	3,505	-47	-46	-51	-7.5	-1.3	Oct 10, 2023	J-GAAP
Sep - Nov, 2023	4,238	257	265	219	32.3	6.1	Jan 11, 2024	J-GAAP
Dec - Feb, 2023	4,442	101	109	55	8.1	2.3	Apr 9, 2024	J-GAAP
Mar - May, 2024	4,234	281	287	175	25.9	6.6	Jul 9, 2024	J-GAAP
Jun - Aug, 2024	3,727	25	26	4	0.6	0.7	Oct 8, 2024	J-GAAP
YoY	+6.3%	－	－	－	－