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

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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%