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

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% － － － －

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