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TVE Co., Ltd., 43% Decrease in Ordinary Profit for The Current Fiscal Year, Despite Last Fiscal Year's Dividend Increase, This Fiscal Year to Decrease Dividend

Wed Nov 13, 2024 4:30 pm JST Earnings

6466 TVE Co., Ltd. 【J-GAAP】

Earnings Report

TVE Co., Ltd. <6466> [TSE-S] announced its financial results after the market closed on November 13th (16:30). The consolidated ordinary profit for the fiscal year ending September 2024 expanded to 2.1 times that of the previous period to 1.13 billion yen. However, for the fiscal year ending September 2025, the profit is expected to drop by 42.7% from the previous period to 650 million yen.

At the same time, the company increased the annual dividend for the previous term from 45 yen to 60 yen (compared to 40 yen in the prior term), and has decided to reduce the dividend this fiscal year to 40 yen, a decrease of 20 yen from the previous fiscal year.

In the most recent three-month period, from July to September (4Q), the consolidated ordinary profit/loss turned to a loss of 88 million yen (compared to a profit of 206 million yen in the same period last year). The operating profit/loss margin drastically worsened from 7.1% in the same period last year to -3.7%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2022 8,514 -86 27 -60 -26.2 50 Nov 11, 2022 J-GAAP
Sep, 2023 9,396 476 538 435 186.3 40 Nov 10, 2023 J-GAAP
Sep, 2024 11,220 1,027 1,134 721 308.4 60 Nov 13, 2024 J-GAAP
YoY +19.4% +115.8% +110.8% +65.7% +65.6%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2024 Guidance 11,200 1,000 1,100 700 313.3 45 Oct 29, 2024 J-GAAP
Sep, 2024 Results 11,220 1,027 1,134 721 308.4 60 Nov 13, 2024 J-GAAP
Revision Rate +0.2% +2.7% +3.1% +3.0% -1.6%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2023 5,442 737 807 538 230.3 20 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance ー ー ー ー － 20 Nov 13, 2024 J-GAAP
YoY － － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2023 9,396 476 538 435 186.3 40 Nov 10, 2023 J-GAAP
Sep, 2024 11,220 1,027 1,134 721 308.4 60 Nov 13, 2024 J-GAAP
Sep, 2025 Guidance 10,000 600 650 400 170.5 40 Nov 13, 2024 J-GAAP
YoY -10.9% -41.6% -42.7% -44.5% -44.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 2,711 192 206 220 94.2 7.1 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 2,764 397 416 296 126.9 14.4 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 2,678 340 391 242 103.6 12.7 May 10, 2024 J-GAAP
Apr - Jun, 2024 3,024 392 415 263 112.4 13.0 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 2,754 -102 -88 -80 -34.2 -3.7 Nov 13, 2024 J-GAAP
YoY +1.6% － － － －

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