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TAKEBISHI CORPORATION, First Half Ordinary Profit Decreases by 28%, July-September Ordinary Profit Decreases by 35%

Thu Oct 31, 2024 3:30 pm JST Earnings

7510 TAKEBISHI CORPORATION 【J-GAAP】

Earnings Report

TAKEBISHI CORPORATION <7510> [TSE-P] announced its financial results after the market closed on October 31st (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 27.8% from the same period last year to 1.57 billion yen. The progress rate against the 3.55 billion yen full-year plan was 44.4%, also falling below the five-year average of 52.3%.

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 grow by 13.8% from the same period last year, reaching 1.97 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 638 million yen, a 34.8% decrease compared to the same period last year. The operating profit margin worsened from 3.6% in the same period last year to 2.8%.

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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 46,617 1,889 2,006 1,340 84.0 49.6 Oct 31, 2022 J-GAAP
Apr - Sep, 2023 50,338 1,969 2,180 1,416 88.7 55.7 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 47,598 1,425 1,575 1,376 86.1 44.4 Oct 31, 2024 J-GAAP
YoY -5.4% -27.6% -27.8% -2.8% -3.0%

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 47,000 1,310 1,410 1,110 69.4 29 Apr 26, 2024 J-GAAP
Apr - Sep, 2024 Results 47,598 1,425 1,575 1,376 86.1 29 Oct 31, 2024 J-GAAP
Revision Rate +1.3% +8.8% +11.7% +24.0% +24.2%

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 51,017 1,767 1,735 1,085 67.9 33 Apr 26, 2024 J-GAAP
Oct - Mar, 2024 Guidance 53,902 1,945 1,975 1,134 70.9 33 Oct 31, 2024 J-GAAP
YoY +5.7% +10.1% +13.8% +4.5% +4.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 97,404 3,919 4,041 2,738 171.6 56 Apr 28, 2023 J-GAAP
Mar, 2024 101,355 3,736 3,915 2,501 156.6 62 Apr 26, 2024 J-GAAP
Mar, 2025 Guidance 101,500 3,370 3,550 2,510 156.8 62 Apr 26, 2024 J-GAAP
YoY +0.1% -9.8% -9.3% +0.4% +0.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 26,508 966 978 637 39.9 3.6 Oct 31, 2023 J-GAAP
Oct - Dec, 2023 25,293 990 1,051 703 44.0 3.9 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 25,724 777 684 382 23.9 3.0 Apr 26, 2024 J-GAAP
Apr - Jun, 2024 23,461 761 937 1,010 63.2 3.2 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 24,137 664 638 366 22.9 2.8 Oct 31, 2024 J-GAAP
YoY -8.9% -31.3% -34.8% -42.5% -42.6%

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