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TACMINA CORPORATION, First Half Ordinary Profit Increases by 11%

Fri Nov 1, 2024 4:00 pm JST Earnings

6322 TACMINA CORPORATION 【J-GAAP】

Earnings Report

TACMINA CORPORATION <6322> [TSE-S] announced its financial results after the market closed on November 1st (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 11.4% from the same period last year, reaching 808 million yen. The progress rate against the 1.61 billion yen full-year plan was 50.0%, also surpassing the five-year average of 43.0%.

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 decrease by 8.9% from the same period last year to 807 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit amounted to 470 million yen, a 1.7% decrease compared to the same period last year. The operating profit margin decreased from 16.9% in the same period last year to 16.7%.

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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 4,279 548 556 356 49.3 37.7 Nov 2, 2022 J-GAAP
Apr - Sep, 2023 5,043 704 725 508 70.4 45.0 Nov 2, 2023 J-GAAP
Apr - Sep, 2024 5,227 774 808 565 78.0 50.0 Nov 1, 2024 J-GAAP
YoY +3.6% +9.9% +11.4% +11.2% +10.9%

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 5,227 774 808 565 77.9 25 Oct 18, 2024 J-GAAP
Apr - Sep, 2024 Results 5,227 774 808 565 78.0 25 Nov 1, 2024 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% +0.1%

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 5,972 878 886 687 95.0 25 May 8, 2024 J-GAAP
Oct - Mar, 2024 Guidance 6,273 826 807 635 92.2 25 Oct 18, 2024 J-GAAP
YoY +5.0% -5.9% -8.9% -7.6% -3.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 9,744 1,458 1,475 1,060 146.8 50 May 10, 2023 J-GAAP
Mar, 2024 11,015 1,582 1,611 1,195 165.2 50 May 8, 2024 J-GAAP
Mar, 2025 Guidance 11,500 1,600 1,615 1,200 174.2 50 May 8, 2024 J-GAAP
YoY +4.4% +1.1% +0.2% +0.4% +5.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 2,805 473 478 339 47.0 16.9 Nov 2, 2023 J-GAAP
Oct - Dec, 2023 2,914 377 382 270 37.4 12.9 Feb 2, 2024 J-GAAP
Jan - Mar, 2024 3,058 501 504 417 57.7 16.4 May 8, 2024 J-GAAP
Apr - Jun, 2024 2,501 318 338 231 31.9 12.7 Aug 2, 2024 J-GAAP
Jul - Sep, 2024 2,726 456 470 334 46.1 16.7 Nov 1, 2024 J-GAAP
YoY -2.8% -3.6% -1.7% -1.5% -1.8%

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