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Techno Smart Corp., First Half Ordinary Profit Decreases by 8%, July-September Ordinary Profit Decreases by 9%

Fri Nov 8, 2024 4:00 pm JST Earnings

6246 Techno Smart Corp. 【J-GAAP】

Earnings Report

Techno Smart Corp. <6246> [TSE-S] announced its financial results after the market closed on November 8th (16:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 8.0% from the same period last year to 1.48 billion yen. The progress rate against the 3.1 billion yen full-year plan was 48.0%, also falling below the five-year average of 53.8%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to expand by 59.3% from the same period last year, reaching 1.61 billion yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit decreased to 1.05 billion yen, a 8.8% decrease compared to the same period last year. However, the operating profit margin rose from 21.5% in the same period last year to 23.8%.

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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 10,716 1,261 1,284 877 71.4 56.4 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 9,641 1,599 1,619 1,097 89.2 61.6 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 7,533 1,462 1,489 992 83.5 48.0 Nov 8, 2024 J-GAAP
YoY -21.9% -8.6% -8.0% -9.6% -6.5%

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 7,530 1,460 1,480 1,000 81.2 41 Oct 25, 2024 J-GAAP
Apr - Sep, 2024 Results 7,533 1,462 1,489 992 83.5 41 Nov 8, 2024 J-GAAP
Revision Rate +0.0% +0.1% +0.6% -0.8% +2.8%

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 9,601 989 1,011 707 57.5 41 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 14,167 1,638 1,611 1,108 96.6 41 Nov 8, 2024 J-GAAP
YoY +47.6% +65.6% +59.3% +56.7% +68.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 19,677 2,232 2,277 1,607 130.7 74 May 12, 2023 J-GAAP
Mar, 2024 19,242 2,588 2,630 1,804 146.7 79 May 15, 2024 J-GAAP
Mar, 2025 Guidance 21,700 3,100 3,100 2,100 183.1 82 Oct 25, 2024 J-GAAP
YoY +12.8% +19.8% +17.9% +16.4% +24.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 5,384 1,155 1,158 785 63.9 21.5 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 5,671 901 922 630 51.3 15.9 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 3,930 88 89 77 6.3 2.2 May 15, 2024 J-GAAP
Apr - Jun, 2024 3,092 405 433 291 23.7 13.1 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 4,441 1,057 1,056 701 59.0 23.8 Nov 8, 2024 J-GAAP
YoY -17.5% -8.5% -8.8% -10.7% -7.6%

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