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TAYCA CORPORATION, First Half Ordinary Profit Increases by 35%, July-September Ordinary Profit Increases by 12%

Thu Nov 7, 2024 4:20 pm JST Earnings

4027 TAYCA CORPORATION 【J-GAAP】

Earnings Report

TAYCA CORPORATION <4027> [TSE-P] announced its financial results after the market closed on November 7th (16:20). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 2.23 billion yen, an increase of 34.9% compared to the same period last year. The progress rate against the 3.5 billion yen full-year plan was 63.8%, also surpassing the five-year average of 55.3%.

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 October to March period (second half) is expected to grow by 10.5% from the same period last year, reaching 1.26 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 11.9% from the same period last year, reaching 799 million yen. The operating profit margin improved from 5.0% in the same period last year to 7.1%.

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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 27,767 2,746 3,090 2,165 93.4 65.5 Nov 9, 2022 J-GAAP
Apr - Sep, 2023 27,098 1,402 1,655 1,127 48.7 59.1 Nov 8, 2023 J-GAAP
Apr - Sep, 2024 27,957 2,183 2,233 1,468 63.8 63.8 Nov 7, 2024 J-GAAP
YoY +3.2% +55.7% +34.9% +30.3% +31.2%

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 27,500 1,800 2,000 1,500 65.2 18 Aug 9, 2024 J-GAAP
Apr - Sep, 2024 Results 27,957 2,183 2,233 1,468 63.8 18 Nov 7, 2024 J-GAAP
Revision Rate +1.7% +21.3% +11.7% -2.1% -2.1%

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 25,895 923 1,147 739 31.9 20 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 29,543 1,017 1,267 832 36.5 20 Nov 7, 2024 J-GAAP
YoY +14.1% +10.2% +10.5% +12.6% +14.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 54,773 4,224 4,717 2,986 128.9 36 May 10, 2023 J-GAAP
Mar, 2024 52,993 2,325 2,802 1,866 80.6 38 May 10, 2024 J-GAAP
Mar, 2025 Guidance 57,500 3,200 3,500 2,300 100.8 38 May 10, 2024 J-GAAP
YoY +8.5% +37.6% +24.9% +23.3% +25.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 13,503 673 714 481 20.8 5.0 Nov 8, 2023 J-GAAP
Oct - Dec, 2023 13,381 132 172 27 1.2 1.0 Feb 7, 2024 J-GAAP
Jan - Mar, 2024 12,514 791 975 712 30.8 6.3 May 10, 2024 J-GAAP
Apr - Jun, 2024 13,608 1,167 1,434 968 42.1 8.6 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 14,349 1,016 799 500 21.7 7.1 Nov 7, 2024 J-GAAP
YoY +6.3% +51.0% +11.9% +4.0% +4.7%

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