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TEIJIN LIMITED, Net Income to Reach 0.02 trillion yen for The Current Fiscal Year, Dividend Revised Upward by 20 yen

Thu Nov 7, 2024 3:30 pm JST Earnings

3401 TEIJIN LIMITED 【J-GAAP】

Earnings Report

TEIJIN LIMITED <3401> [TSE-P] announced its financial results (based on IFRS) after the market closed on November 7th (15:30). The consolidated net loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to a loss of 53.3 billion yen (compared to a loss of 1.95 billion yen in the same period last year).

In addition, the consolidated net income for the full year is 25 billion yen.

At the same time, the company has significantly increased its planned annual dividend for the current fiscal year from the original plan of 30 yen to 50 yen (compared to 30 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated net loss expanded to a loss of 57.8 billion yen (compared to a loss of 4.07 billion yen in the same period last year). The operating profit/loss margin drastically worsened from -1.2% in the same period last year to -22.1%.

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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 510,453 14,231 19,986 7,575 39.4 219.6 Nov 7, 2022 J-GAAP
Apr - Sep, 2023 472,165 1,799 1,908 -1,957 -10.2 ー Nov 6, 2023 IFRS
Apr - Sep, 2024 507,503 -47,685 -50,852 -53,361 -277.1 ー Nov 7, 2024 IFRS
YoY +7.5% － － -2,626.7% -2,624.3%

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 － 15 May 13, 2024 IFRS
Apr - Sep, 2024 Results 507,503 -47,685 -50,852 -53,361 -277.1 25 Nov 7, 2024 IFRS
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 1,010,000 19,000 ー ー － 30 Aug 6, 2024 IFRS
Mar, 2025 New 1,010,000 -80,000 ー 25,000 129.7 50 Nov 7, 2024 IFRS
Revision Rate 0.0% － － － －

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 488,294 -6,711 -7,046 -9,755 -50.7 15 May 13, 2024 IFRS
Oct - Mar, 2024 Guidance 502,497 -32,315 ー 78,361 406.7 25 Nov 7, 2024 IFRS
YoY +2.9% -381.5% － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 1,018,751 12,863 9,100 -17,695 -92.0 40 May 11, 2023 J-GAAP
Mar, 2024 960,459 -4,912 -5,138 -11,712 -60.9 30 May 13, 2024 IFRS
Mar, 2025 Guidance 1,010,000 -80,000 ー 25,000 129.7 50 Nov 7, 2024 IFRS
YoY +5.2% -1,528.7% － － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 243,102 -2,796 -3,376 -4,074 -21.2 -1.2 Nov 6, 2023 IFRS
Oct - Dec, 2023 236,645 8,218 11,261 12,654 65.8 3.5 Feb 8, 2024 IFRS
Jan - Mar, 2024 251,649 -14,929 -18,307 -22,409 -116.5 -5.9 May 13, 2024 IFRS
Apr - Jun, 2024 255,341 8,041 8,389 4,451 23.1 3.1 Aug 6, 2024 IFRS
Jul - Sep, 2024 252,162 -55,726 -59,241 -57,812 -300.2 -22.1 Nov 7, 2024 IFRS
YoY +3.7% -1,893.1% -1,654.8% -1,319.0% -1,317.9%

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