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Trenders, Inc., First Half Ordinary Profit Increases by 39%, July-September Ordinary Profit Increases by 79%

Thu Nov 14, 2024 3:30 pm JST Earnings

6069 Trenders, Inc. 【J-GAAP】

Earnings Report

Trenders, Inc. <6069> [TSE-G] announced its financial results after the market closed on November 14th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 472 million yen, an increase of 39.2% compared to the same period last year. The progress rate against the 1 billion yen full-year plan was 47.2%, exceeding the five-year average of 43.6%.

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 21.7% from the same period last year, reaching 528 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 79.2% from the same period last year, reaching 276 million yen. The operating profit margin jumped from 12.6% in the same period last year to 18.7%.

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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 4,611 658 669 462 64.5 65.5 Nov 14, 2022 J-GAAP
Apr - Sep, 2023 2,694 344 339 210 29.2 43.9 Nov 14, 2023 J-GAAP
Apr - Sep, 2024 3,006 476 472 300 37.7 47.2 Nov 14, 2024 J-GAAP
YoY +11.6% +38.4% +39.2% +42.9% +29.2%

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 ー ー ー ー － 0 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 3,006 476 472 300 37.7 0 Nov 14, 2024 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
Oct - Mar, 2023 2,979 444 434 269 36.9 26 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 3,444 524 528 320 40.9 27 Nov 14, 2024 J-GAAP
YoY +15.6% +18.0% +21.7% +19.0% +11.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 9,088 1,011 1,022 708 98.7 22 May 12, 2023 J-GAAP
Mar, 2024 5,673 788 773 479 65.7 26 May 14, 2024 J-GAAP
Mar, 2025 Guidance 6,450 1,000 1,000 620 79.3 27 May 14, 2024 J-GAAP
YoY +13.7% +26.9% +29.4% +29.4% +20.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,260 159 154 88 12.2 12.6 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 1,526 275 276 168 23.2 18.0 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 1,453 169 158 101 13.9 11.6 May 14, 2024 J-GAAP
Apr - Jun, 2024 1,516 197 196 123 15.4 13.0 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 1,490 279 276 177 22.2 18.7 Nov 14, 2024 J-GAAP
YoY +18.3% +75.5% +79.2% +101.1% +82.0%

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