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TAKARA STANDARD CO.,LTD., First Half Ordinary Profit Increases by 12%

Wed Nov 6, 2024 3:30 pm JST Earnings

7981 TAKARA STANDARD CO.,LTD. 【J-GAAP】

Earnings Report

TAKARA STANDARD CO.,LTD. <7981> [TSE-P] announced its financial results after the market closed on November 6th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 11.6% from the same period last year, reaching 6.13 billion yen. However, The progress rate against the 14.7 billion yen full-year plan was 41.8%, also falling below the five-year average of 50.3%.

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 17.4% from the same period last year, reaching 8.56 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 8.8% from the same period last year, reaching 2.85 billion yen. The operating profit margin improved from 4.6% in the same period last year to 4.9%.

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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 110,096 6,086 6,390 4,150 57.3 55.6 Nov 1, 2022 J-GAAP
Apr - Sep, 2023 114,696 5,306 5,499 4,430 63.4 43.0 Nov 1, 2023 J-GAAP
Apr - Sep, 2024 115,957 5,957 6,138 3,883 56.8 41.8 Nov 6, 2024 J-GAAP
YoY +1.1% +12.3% +11.6% -12.3% -10.3%

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 116,600 6,400 6,500 4,200 61.5 28 May 9, 2024 J-GAAP
Apr - Sep, 2024 Results 115,957 5,957 6,138 3,883 56.8 28 Nov 6, 2024 J-GAAP
Revision Rate -0.6% -6.9% -5.6% -7.5% -7.5%

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 120,042 7,121 7,293 5,070 73.3 27 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 123,143 8,543 8,562 5,817 86.5 28 Nov 6, 2024 J-GAAP
YoY +2.6% +20.0% +17.4% +14.7% +18.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 227,423 10,940 11,490 8,417 117.8 52 May 11, 2023 J-GAAP
Mar, 2024 234,738 12,427 12,792 9,500 137.3 54 May 9, 2024 J-GAAP
Mar, 2025 Guidance 239,100 14,500 14,700 9,700 144.3 56 May 9, 2024 J-GAAP
YoY +1.9% +16.7% +14.9% +2.1% +5.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 57,459 2,623 2,625 2,505 35.8 4.6 Nov 1, 2023 J-GAAP
Oct - Dec, 2023 64,716 5,412 5,561 3,809 54.8 8.4 Feb 1, 2024 J-GAAP
Jan - Mar, 2024 55,326 1,709 1,732 1,261 18.2 3.1 May 9, 2024 J-GAAP
Apr - Jun, 2024 57,318 3,097 3,282 2,072 30.3 5.4 Aug 1, 2024 J-GAAP
Jul - Sep, 2024 58,639 2,860 2,856 1,811 26.5 4.9 Nov 6, 2024 J-GAAP
YoY +2.1% +9.0% +8.8% -27.7% -26.0%

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