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Tokyo Communications Group,Inc., The Current Fiscal Year Ordinary Profit Revised Downward to a Loss

Fri Nov 8, 2024 4:00 pm JST Earnings

7359 Tokyo Communications Group,Inc. 【J-GAAP】

Earnings Report

Tokyo Communications Group,Inc. <7359> [TSE-G] announced its financial results after the market closed on November 8th (16:00). The consolidated ordinary loss for the cumulative third quarter of the fiscal year ending December 2024 (January to September) expanded to a loss of 180 million yen (compared to a loss of 84 million yen in the same period last year).

In addition, the full-year consolidated ordinary profit/loss has been revised downward from an expected profit of 130 million yen to a loss of 200 million yen (compared to a profit of 357 million yen in the previous period), turning to a loss outlook.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit/loss for the July to December period (second half) has been revised downward from an expected profit of 218 million yen to a loss of 112 million yen (compared to a profit of 413 million yen in the same period of the previous year), turning to a loss outlook.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary loss expanded to a loss of 92 million yen (compared to a loss of 28 million yen in the same period last year). The operating profit/loss margin drastically worsened from -1.1% in the same period last year to -4.5%.

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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
Jan - Sep, 2022 3,696 -33 -2 -108 -10.9 ー Nov 7, 2022 J-GAAP
Jan - Sep, 2023 4,665 -48 -84 -145 -14.6 ー Nov 7, 2023 J-GAAP
Jan - Sep, 2024 4,233 -277 -180 -266 -26.5 ー Nov 8, 2024 J-GAAP
YoY -9.3% -477.1% -114.3% -83.4% -81.5%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 Prev 5,229 251 218 78 7.7 0 Aug 7, 2024 J-GAAP
Jul - Dec, 2024 New 2,979 -69 -112 -142 -14.1 0 Nov 8, 2024 J-GAAP
Revision Rate -43.0% － － － －

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2024 Prev 8,000 40 130 -80 -7.9 0 Feb 14, 2024 J-GAAP
Dec, 2024 New 5,750 -280 -200 -300 -29.8 0 Nov 8, 2024 J-GAAP
Revision Rate -28.1% － － -275.0% -275.1%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2023 3,229 -104 413 -117 -11.7 0 Feb 14, 2024 J-GAAP
Jul - Dec, 2024 Guidance 2,979 -69 -112 -142 -14.1 0 Nov 8, 2024 J-GAAP
YoY -7.7% +33.7% － -21.4% -20.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 5,071 -54 -45 -265 -26.9 0 Feb 13, 2023 J-GAAP
Dec, 2023 6,219 -134 357 -204 -20.5 0 Feb 14, 2024 J-GAAP
Dec, 2024 Guidance 5,750 -280 -200 -300 -29.8 0 Nov 8, 2024 J-GAAP
YoY -7.5% -109.0% － -47.1% -45.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,675 -18 -28 -58 -5.8 -1.1 Nov 7, 2023 J-GAAP
Oct - Dec, 2023 1,554 -86 441 -59 -5.9 -5.5 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 1,370 -96 18 -80 -8.0 -7.0 May 9, 2024 J-GAAP
Apr - Jun, 2024 1,401 -115 -106 -78 -7.8 -8.2 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 1,462 -66 -92 -108 -10.8 -4.5 Nov 8, 2024 J-GAAP
YoY -12.7% -266.7% -228.6% -86.2% -84.2%

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