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TKP, The Current Fiscal Year Ordinary Profit Revised Downward by 31%

Tue Jan 14, 2025 4:00 pm JST Earnings

3479 TKP Corporation 【J-GAAP】

Earnings Report

TKP Corporation <3479> [TSE Growth] announced its financial results after the market closed on January 14th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending February 2025 (March to November) was 4.13 billion yen, a 2.3% decrease compared to the same period last year.

In addition, the full-year consolidated ordinary profit has decreased 31.3%, from the previous forecast of 8.3 billion yen to 5.7 billion yen (compared to 4.51 billion yen in the previous period), leading to a reduction in the profit growth rate from 83.8% to 26.2%.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit for the September to February period (2H) has decreased 45.8%, from the previous forecast of 5.67 billion yen to 3.07 billion yen (compared to 1.52 billion yen in the same period of the previous year), leading to a reduction in the profit growth rate from 3.7 times to 2.0 times.

In the most recent three-month period, from September to November (3Q), the consolidated ordinary profit grew 22.2% from the same period last year, reaching 1.51 billion yen. However, the operating profit margin decreased from 12.1% in the same period last year to 8.7%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Mar - Nov, 2022 38,651 2,770 2,306 -2,226 -53.4 75.3 Jan 12, 2023 J-GAAP
Mar - Nov, 2023 27,403 3,928 4,229 6,489 155.2 87.0 Jan 15, 2024 J-GAAP
Mar - Nov, 2024 40,130 4,466 4,133 3,315 79.2 72.5 Jan 14, 2025 J-GAAP
YoY +46.4% +13.7% -2.3% -48.9% -49.0%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2024 Prev 41,720 5,467 5,678 3,078 75.6 0 Oct 15, 2024 J-GAAP
Sep - Feb, 2024 New 38,720 3,167 3,078 1,578 38.7 0 Jan 14, 2025 J-GAAP
Revision Rate -7.2% -42.1% -45.8% -48.7% -48.7%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2025 Prev 62,000 8,200 8,300 5,500 135.0 0 Jul 11, 2024 J-GAAP
Feb, 2025 New 59,000 5,900 5,700 4,000 98.2 0 Jan 14, 2025 J-GAAP
Revision Rate -4.8% -28.0% -31.3% -27.3% -27.3%

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 18,795 1,849 1,870 1,609 38.5 0 Apr 15, 2024 J-GAAP
Sep - Feb, 2024 Guidance 38,720 3,167 3,078 1,578 38.7 0 Jan 14, 2025 J-GAAP
YoY +106.0% +71.3% +64.6% -1.9% +0.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 50,504 3,575 3,062 -4,936 -118.3 0 Apr 13, 2023 J-GAAP
Feb, 2024 36,545 4,607 4,862 7,321 175.0 0 Apr 15, 2024 J-GAAP
Feb, 2025 Guidance 59,000 5,900 5,700 4,000 98.2 0 Jan 14, 2025 J-GAAP
YoY +61.4% +28.1% +17.2% -45.4% -43.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Sep - Nov, 2023 9,653 1,170 1,237 777 18.6 12.1 Jan 15, 2024 J-GAAP
Dec - Feb, 2023 9,142 679 633 832 19.9 7.4 Apr 15, 2024 J-GAAP
Mar - May, 2024 10,562 1,692 1,762 1,873 44.8 16.0 Jul 11, 2024 J-GAAP
Jun - Aug, 2024 9,718 1,041 860 549 13.1 10.7 Oct 15, 2024 J-GAAP
Sep - Nov, 2024 19,850 1,733 1,511 893 21.3 8.7 Jan 14, 2025 J-GAAP
YoY +105.6% +48.1% +22.2% +14.9% +14.9%

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