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T.RAD Co.,Ltd., July-September (2Q) Ordinary Profit Decreases by 34%

Tue Nov 5, 2024 3:40 pm JST Earnings

7236 T.RAD Co.,Ltd. 【J-GAAP】

Earnings Report

T.RAD Co.,Ltd. <7236> [TSE-P] announced its financial results after the market closed on November 5th (15:40). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 10.1% from the same period last year, reaching 2.88 billion yen, resulting in an increase in profits compared to the previous forecast of a 4.5% decrease.

The progress rate against the 4.5 billion yen full-year plan was 64.0%, almost the same as the five-year average of 64.1%.

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 drop by 40.5% from the same period last year to 1.61 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 827 million yen, a 33.8% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 2.5% in the same period last year to 2.5%.

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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 74,015 822 1,929 306 46.9 92.6 Nov 7, 2022 J-GAAP
Apr - Sep, 2023 80,225 2,125 2,617 1,151 176.4 49.0 Nov 6, 2023 J-GAAP
Apr - Sep, 2024 79,044 2,561 2,881 722 110.4 64.0 Nov 5, 2024 J-GAAP
YoY -1.5% +20.5% +10.1% -37.3% -37.4%

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 75,000 1,800 2,500 800 122.0 90 Aug 5, 2024 J-GAAP
Apr - Sep, 2024 Results 79,044 2,561 2,881 722 110.4 90 Nov 5, 2024 J-GAAP
Revision Rate +5.4% +42.3% +15.2% -9.8% -9.5%

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 78,434 2,225 2,722 94 14.4 100 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 79,956 1,439 1,619 778 121.9 90 Nov 5, 2024 J-GAAP
YoY +1.9% -35.3% -40.5% +727.7% +747.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 149,413 1,050 2,083 -3,595 -550.9 80 May 15, 2023 J-GAAP
Mar, 2024 158,659 4,350 5,339 1,245 190.5 180 May 13, 2024 J-GAAP
Mar, 2025 Guidance 159,000 4,000 4,500 1,500 235.0 180 May 13, 2024 J-GAAP
YoY +0.2% -8.0% -15.7% +20.5% +23.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 41,668 1,051 1,250 689 105.6 2.5 Nov 6, 2023 J-GAAP
Oct - Dec, 2023 41,910 1,034 915 201 30.8 2.5 Feb 5, 2024 J-GAAP
Jan - Mar, 2024 36,524 1,191 1,807 -107 -16.4 3.3 May 13, 2024 J-GAAP
Apr - Jun, 2024 38,334 1,544 2,054 418 64.0 4.0 Aug 5, 2024 J-GAAP
Jul - Sep, 2024 40,710 1,017 827 304 46.5 2.5 Nov 5, 2024 J-GAAP
YoY -2.3% -3.2% -33.8% -55.9% -56.0%

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