TEIN,INC., First Half Ordinary Profit Decreases by 38%, July-September Ordinary Profit Decreases by 39%

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Fri Nov 8, 2024 4:00 pm JST Earnings

7217 TEIN,INC. 【J-GAAP】

Earnings Report

TEIN,INC. <7217> [TSE-S] announced its financial results after the market closed on November 8th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 37.7% from the same period last year to 282 million yen. The progress rate against the 679 million yen full-year plan was 41.5%, also falling below the five-year average of 63.0%.

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 expand by 84.7% from the same period last year, reaching 397 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 117 million yen, a 38.7% decrease compared to the same period last year. However, the operating profit margin rose from 11.1% in the same period last year to 12.1%.

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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	2,817	334	525	434	83.7	79.5	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	2,565	362	453	311	60.1	67.8	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	2,680	274	282	146	28.9	41.5	Nov 8, 2024	J-GAAP
YoY	+4.5%	-24.3%	-37.7%	-53.1%	-51.8%

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 15, 2024	J-GAAP
Apr - Sep, 2024 Results	2,680	274	282	146	28.9	0	Nov 8, 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	2,300	159	215	157	30.3	36	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	2,853	362	397	391	78.3	35	Nov 8, 2024	J-GAAP
YoY	+24.0%	+127.7%	+84.7%	+149.0%	+158.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	5,243	607	660	561	108.2	32	May 12, 2023	J-GAAP
Mar, 2024	4,865	521	668	468	90.3	36	May 15, 2024	J-GAAP
Mar, 2025 Guidance	5,533	636	679	537	107.5	35	May 15, 2024	J-GAAP
YoY	+13.7%	+22.1%	+1.6%	+14.7%	+19.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	1,192	132	191	126	24.3	11.1	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	1,080	84	74	58	11.2	7.8	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	1,220	75	141	99	19.1	6.1	May 15, 2024	J-GAAP
Apr - Jun, 2024	1,370	116	165	73	14.5	8.5	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	1,310	158	117	73	14.5	12.1	Nov 8, 2024	J-GAAP
YoY	+9.9%	+19.7%	-38.7%	-42.1%	-40.5%