TerraSky, The Current Fiscal Year Ordinary Profit Revised Upward by 28%, Exceeded Record Profit Forecast

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Tue Jan 14, 2025 3:30 pm JST Earnings

3915 TerraSky Co.,Ltd 【J-GAAP】

Earnings Report

TerraSky Co.,Ltd <3915> [TSE Prime] announced its financial results after the market closed on January 14th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending February 2025 (March to November) surged 2.7 times that of the same period last year, reaching 1.03 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward 28.2%, from the previous forecast of 1 billion yen to 1.28 billion yen (compared to 0.65 billion yen in the previous period), increasing the growth rate from 52.7% to 95.7%. The company has further increased its previous forecast of record profits for the first time in four years.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the September to February period (2H) is expected to increase 87.3%, from the previous forecast of 0.32 billion yen to 0.6 billion yen (compared to 0.35 billion yen in the same period of the previous year), turning to a 69.5% increase in the consolidated ordinary profit outlook.

In the most recent three-month period, from September to November (3Q), the consolidated ordinary profit surged 4.5 times that of the same period last year, reaching 0.36 billion yen. The operating profit margin significantly improved from 1.2% in the same period last year to 5.3%.

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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	11,405	460	467	231	18.1	76.6	Jan 16, 2023	J-GAAP
Mar - Nov, 2023	13,890	279	379	114	8.9	57.9	Jan 15, 2024	J-GAAP
Mar - Nov, 2024	18,102	938	1,038	564	43.8	81.0	Jan 14, 2025	J-GAAP
YoY	+30.3%	+236.2%	+173.9%	+394.7%	+389.8%

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	12,095	295	323	198	15.3	0	Oct 15, 2024	J-GAAP
Sep - Feb, 2024 New	12,111	557	605	378	29.3	0	Jan 14, 2025	J-GAAP
Revision Rate	+0.1%	+88.8%	+87.3%	+90.9%	+90.9%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2025 Prev	24,024	905	1,000	565	43.8	0	Apr 12, 2024	J-GAAP
Feb, 2025 New	24,040	1,167	1,282	745	57.7	0	Jan 14, 2025	J-GAAP
Revision Rate	+0.1%	+29.0%	+28.2%	+31.9%	+31.8%

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	10,201	303	357	185	14.4	0	Apr 12, 2024	J-GAAP
Sep - Feb, 2024 Guidance	12,111	557	605	378	29.3	0	Jan 14, 2025	J-GAAP
YoY	+18.7%	+83.8%	+69.5%	+104.3%	+103.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	15,440	512	610	347	27.2	0	Apr 14, 2023	J-GAAP
Feb, 2024	19,137	522	655	300	23.4	0	Apr 12, 2024	J-GAAP
Feb, 2025 Guidance	24,040	1,167	1,282	745	57.7	0	Jan 14, 2025	J-GAAP
YoY	+25.6%	+123.6%	+95.7%	+148.3%	+147.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Sep - Nov, 2023	4,954	60	81	-1	-0.1	1.2	Jan 15, 2024	J-GAAP
Dec - Feb, 2023	5,247	243	276	186	14.5	4.6	Apr 12, 2024	J-GAAP
Mar - May, 2024	5,809	297	327	176	13.7	5.1	Jul 12, 2024	J-GAAP
Jun - Aug, 2024	6,120	313	350	191	14.9	5.1	Oct 15, 2024	J-GAAP
Sep - Nov, 2024	6,173	328	361	197	15.3	5.3	Jan 14, 2025	J-GAAP
YoY	+24.6%	+446.7%	+345.7%	－	－