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TAKACHIHO KOHEKI CO.,LTD., First Half Ordinary Profit Decreases by 23%, July-September Ordinary Profit Decreases by 63%

Tue Nov 5, 2024 3:30 pm JST Earnings

2676 TAKACHIHO KOHEKI CO.,LTD. 【J-GAAP】

Earnings Report

TAKACHIHO KOHEKI CO.,LTD. <2676> [TSE-P] announced its financial results after the market closed on November 5th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 23.3% from the same period last year to 811 million yen. The progress rate against the 2 billion yen full-year plan was 40.6%, also falling below the five-year average of 44.4%.

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 expand by 52.8% from the same period last year, reaching 1.18 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 180 million yen, a 62.7% decrease compared to the same period last year. However, the operating profit margin improved from 6.0% in the same period last year to 6.8%.

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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 11,118 584 894 657 36.8 56.3 Nov 8, 2022 J-GAAP
Apr - Sep, 2023 12,729 713 1,057 717 39.6 57.6 Nov 7, 2023 J-GAAP
Apr - Sep, 2024 13,314 936 811 594 32.5 40.6 Nov 5, 2024 J-GAAP
YoY +4.6% +31.3% -23.3% -17.2% -17.8%

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 12,400 770 750 540 29.1 29 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 13,314 936 811 594 32.5 29 Nov 5, 2024 J-GAAP
Revision Rate +7.4% +21.6% +8.1% +10.0% +11.9%

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 12,495 752 778 720 39.7 52.50 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 13,586 1,114 1,189 896 48.2 51 Nov 5, 2024 J-GAAP
YoY +8.7% +48.1% +52.8% +24.4% +21.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 23,360 1,376 1,588 1,205 67.4 66.50 May 12, 2023 J-GAAP
Mar, 2024 25,224 1,465 1,835 1,437 79.2 79 May 10, 2024 J-GAAP
Mar, 2025 Guidance 26,900 2,050 2,000 1,490 80.1 80 May 10, 2024 J-GAAP
YoY +6.6% +39.9% +9.0% +3.7% +1.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 6,649 399 483 324 17.9 6.0 Nov 7, 2023 J-GAAP
Oct - Dec, 2023 6,231 267 210 304 16.8 4.3 Feb 6, 2024 J-GAAP
Jan - Mar, 2024 6,264 485 568 416 22.9 7.7 May 10, 2024 J-GAAP
Apr - Jun, 2024 6,421 464 631 458 25.2 7.2 Aug 2, 2024 J-GAAP
Jul - Sep, 2024 6,893 472 180 136 7.5 6.8 Nov 5, 2024 J-GAAP
YoY +3.7% +18.3% -62.7% -58.0% -58.4%

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