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TANAKA CO.,LTD, First Half Ordinary Profit Decreases by 16%, July-September Ordinary Profit Decreases by 4%

Thu Nov 7, 2024 2:20 pm JST Earnings

7619 TANAKA CO.,LTD 【J-GAAP】

Earnings Report

TANAKA CO.,LTD <7619> [TSE-S] announced its financial results in the afternoon session on November 7th (14:20). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 16.1% from the same period last year to 512 million yen. The progress rate against the 1.49 billion yen full-year plan was 34.3%, also falling below the five-year average of 40.0%.

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 decrease by 1.9% from the same period last year to 981 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 309 million yen, a 4.0% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 3.2% in the same period last year to 3.1%.

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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 16,056 336 340 532 63.2 31.6 Nov 9, 2022 J-GAAP
Apr - Sep, 2023 18,630 607 610 547 64.5 37.9 Nov 8, 2023 J-GAAP
Apr - Sep, 2024 18,485 496 512 334 41.5 34.3 Nov 7, 2024 J-GAAP
YoY -0.8% -18.3% -16.1% -38.9% -35.7%

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 － 10 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 18,485 496 512 334 41.5 10 Nov 7, 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 23,146 994 1,000 630 75.1 30 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 22,075 982 981 622 77.0 19 Nov 7, 2024 J-GAAP
YoY -4.6% -1.2% -1.9% -1.3% +2.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 35,706 1,069 1,075 976 115.5 30 May 12, 2023 J-GAAP
Mar, 2024 41,776 1,601 1,610 1,177 140.2 40 May 10, 2024 J-GAAP
Mar, 2025 Guidance 40,560 1,478 1,493 956 118.4 29 May 10, 2024 J-GAAP
YoY -2.9% -7.7% -7.3% -18.8% -15.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 10,064 323 322 191 22.5 3.2 Nov 8, 2023 J-GAAP
Oct - Dec, 2023 11,706 637 639 487 57.4 5.4 Feb 7, 2024 J-GAAP
Jan - Mar, 2024 11,440 357 361 143 17.0 3.1 May 10, 2024 J-GAAP
Apr - Jun, 2024 8,505 184 203 133 16.6 2.2 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 9,980 312 309 201 25.0 3.1 Nov 7, 2024 J-GAAP
YoY -0.8% -3.4% -4.0% +5.2% +10.9%

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