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

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 41.8 79.5 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 2,565 362 453 311 30.0 67.8 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 2,697 290 282 146 14.5 41.5 Nov 8, 2024 J-GAAP
YoY +5.1% -19.9% -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 2,697 290 282 146 14.5 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 15.1 18 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 2,836 346 397 391 39.2 17.50 Nov 8, 2024 J-GAAP
YoY +23.3% +117.6% +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 54.1 16 May 12, 2023 J-GAAP
Mar, 2024 4,865 521 668 468 45.1 18 May 15, 2024 J-GAAP
Mar, 2025 Guidance 5,533 636 679 537 53.8 17.50 May 15, 2024 J-GAAP
YoY +13.7% +22.1% +1.6% +14.7% +19.1%

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 12.2 11.1 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 1,080 84 74 58 5.6 7.8 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 1,220 75 141 99 9.6 6.1 May 15, 2024 J-GAAP
Apr - Jun, 2024 1,370 116 165 73 7.2 8.5 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 1,327 174 117 73 7.2 13.1 Nov 8, 2024 J-GAAP
YoY +11.3% +31.8% -38.7% -42.1% -40.5%

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