TESS Holdings, First Half Ordinary Profit Decreases by 84%, Oct-Dec Ordinary Profit Turns to Loss

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Fri Feb 14, 2025 3:00 pm JST Earnings

5074 TESS Holdings CO.,Ltd. 【J-GAAP】

Earnings Report

TESS Holdings CO.,Ltd. <5074> [TSE Prime] announced its financial results in the afternoon session on February 14th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending June 2025 (July to December) significantly dropped 83.5% from the same period last year to 240 million yen. The progress rate toward the full-year plan of 400 million yen was 60.0%, also surpassing the five-year average of 50.4%.

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 January to June period (2H) is expected to significant drop 97.4% from the same period last year to 160 million yen.

In the most recent three-month period, from October to December (2Q), the consolidated ordinary profit/loss turned to a loss of 517 million yen (compared to a profit of 960 million yen in the same period last year). However, the operating profit margin rose from 11.9% in the same period last year to 15.1%.

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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
Jul - Dec, 2022	16,610	2,923	2,501	1,560	30.3	45.3	Feb 14, 2023	J-GAAP
Jul - Dec, 2023	15,068	1,765	1,458	865	12.3	19.0	Feb 14, 2024	J-GAAP
Jul - Dec, 2024	18,013	2,409	240	597	8.5	60.0	Feb 14, 2025	J-GAAP
YoY	+19.5%	+36.5%	-83.5%	-31.0%	-31.1%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2024 Guidance	ー	ー	ー	ー	－	0	Aug 14, 2024	J-GAAP
Jul - Dec, 2024 Results	18,013	2,409	240	597	8.5	0	Feb 14, 2025	J-GAAP
Revision Rate	－	－	－	－	－

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan - Jun, 2024	15,575	605	6,202	320	4.5	16	Aug 14, 2024	J-GAAP
Jan - Jun, 2025 Guidance	19,987	291	160	103	1.5	7.66	Feb 14, 2025	J-GAAP
YoY	+28.3%	-51.9%	-97.4%	-67.8%	-67.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jun, 2023	34,415	6,864	5,518	3,592	69.7	17.73	Aug 14, 2023	J-GAAP
Jun, 2024	30,643	2,370	7,660	1,185	16.8	16	Aug 14, 2024	J-GAAP
Jun, 2025 Guidance	38,000	2,700	400	700	9.9	7.66	Nov 5, 2024	J-GAAP
YoY	+24.0%	+13.9%	-94.8%	-40.9%	-41.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	8,847	1,051	960	582	8.3	11.9	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	7,790	308	2,313	1,533	21.8	4.0	May 15, 2024	J-GAAP
Apr - Jun, 2024	7,785	297	3,889	-1,213	-17.2	3.8	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	8,308	944	757	684	9.7	11.4	Nov 14, 2024	J-GAAP
Oct - Dec, 2024	9,705	1,465	-517	-87	-1.2	15.1	Feb 14, 2025	J-GAAP
YoY	+9.7%	+39.4%	－	－	－