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TENMA CORPORATION, First Half Ordinary Profit Decreases by 37%, July-September Ordinary Profit Decreases by 27%

Fri Nov 8, 2024 3:30 pm JST Earnings

7958 TENMA CORPORATION 【J-GAAP】

Earnings Report

TENMA CORPORATION <7958> [TSE-P] announced its financial results after the market closed on November 8th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 36.8% from the same period last year to 1.1 billion yen. The progress rate against the 2.8 billion yen full-year plan was 39.3%, almost the same as the five-year average of 39.8%.

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 24.3% from the same period last year to 1.69 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 407 million yen, a 26.7% decrease compared to the same period last year. However, the operating profit margin improved from 0.8% in the same period last year to 1.2%.

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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 45,054 552 1,064 405 18.3 28.0 Nov 9, 2022 J-GAAP
Apr - Sep, 2023 47,286 936 1,742 1,382 64.1 43.7 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 48,419 621 1,101 894 43.4 39.3 Nov 8, 2024 J-GAAP
YoY +2.4% -33.7% -36.8% -35.3% -32.2%

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 47,000 500 1,000 900 44.3 40 Aug 9, 2024 J-GAAP
Apr - Sep, 2024 Results 48,419 621 1,101 894 43.4 40 Nov 8, 2024 J-GAAP
Revision Rate +3.0% +24.2% +10.1% -0.7% -1.9%

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 45,645 426 2,243 1,709 80.2 42 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 51,581 1,579 1,699 2,606 130.7 42 Nov 8, 2024 J-GAAP
YoY +13.0% +270.7% -24.3% +52.5% +62.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 102,053 3,007 3,801 2,800 127.4 82 May 12, 2023 J-GAAP
Mar, 2024 92,931 1,362 3,985 3,091 145.1 82 May 10, 2024 J-GAAP
Mar, 2025 Guidance 100,000 2,200 2,800 3,500 175.6 82 Aug 9, 2024 J-GAAP
YoY +7.6% +61.5% -29.7% +13.2% +21.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 22,235 185 555 307 14.2 0.8 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 23,510 308 1,311 846 39.5 1.3 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 22,135 118 932 863 40.5 0.5 May 10, 2024 J-GAAP
Apr - Jun, 2024 23,534 329 694 451 21.7 1.4 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 24,885 292 407 443 21.5 1.2 Nov 8, 2024 J-GAAP
YoY +11.9% +57.8% -26.7% +44.3% +51.2%

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