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TEAC, Apr-Dec (Cumulative 3Q) Net Income Loss Widens, Oct-Dec Net Income Decreases by 93%

Fri Feb 7, 2025 12:00 pm JST Earnings

6803 TEAC CORPORATION 【IFRS】

Earnings Report

TEAC CORPORATION <6803> [TSE Std] announced its financial results (based on IFRS) at noon (12:00) on February 7th. The consolidated net loss for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded to a loss of 331 million yen (compared to a loss of 187 million yen in the same period last year).

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the January to March period (4Q) is expected to surge 4.0 times that of the same period last year, reaching 531 million yen.

In the most recent three-month period, from October to December (3Q), the consolidated net income significantly dropped to 13 million yen, a 92.8% decrease compared to the same period last year. However, the operating profit margin improved from 3.8% in the same period last year to 4.6%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Dec, 2022 11,480 401 216 181 6.3 63.3 Feb 3, 2023 IFRS
Apr - Dec, 2023 11,215 101 -178 -187 -6.5 ー Feb 14, 2024 IFRS
Apr - Dec, 2024 11,039 -85 -342 -331 -11.5 ー Feb 7, 2025 IFRS
YoY -1.6% － -92.1% -77.0% -76.9%

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 8,346 492 362 315 11.0 1 May 10, 2024 IFRS
Oct - Mar, 2024 Guidance 9,264 782 611 544 18.9 1 Nov 8, 2024 IFRS
YoY +11.0% +58.9% +68.8% +72.7% +71.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 15,699 563 341 305 10.6 1 May 12, 2023 IFRS
Mar, 2024 15,672 445 5 -53 -1.9 1 May 10, 2024 IFRS
Mar, 2025 Guidance 16,000 500 250 200 6.9 1 May 10, 2024 IFRS
YoY +2.1% +12.4% +4,900.0% － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 3,889 148 179 181 6.3 3.8 Feb 14, 2024 IFRS
Jan - Mar, 2024 4,457 344 183 134 4.7 7.7 May 10, 2024 IFRS
Apr - Jun, 2024 3,073 -275 -398 -393 -13.7 -8.9 Aug 9, 2024 IFRS
Jul - Sep, 2024 3,663 -7 37 49 1.7 -0.2 Nov 8, 2024 IFRS
Oct - Dec, 2024 4,303 197 19 13 0.5 4.6 Feb 7, 2025 IFRS
YoY +10.6% +33.1% -89.4% -92.8% -92.8%

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