TSUKAMOTO CORPORATION CO., LTD., First Half Ordinary Profit Loss Widens, July-September Ordinary Profit Decreases by 50%

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Fri Nov 8, 2024 12:00 pm JST Earnings

8025 TSUKAMOTO CORPORATION CO., LTD. 【J-GAAP】

Earnings Report

TSUKAMOTO CORPORATION CO., LTD. <8025> [TSE-S] announced its financial results at noon (12:00) on November 8th. The consolidated ordinary loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to a loss of 181 million yen (compared to a loss of 64 million yen in the same period last year).

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 surge by 2.3 times that of the same period last year, reaching 281 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 69 million yen, a 50.4% decrease compared to the same period last year. The operating profit margin worsened from 1.9% in the same period last year to 0.2%.

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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	6,940	57	135	128	32.1	99.3	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	5,037	-146	-64	-39	-9.9	ー	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	4,245	-253	-181	-121	-30.2	ー	Nov 8, 2024	J-GAAP
YoY	-15.7%	-73.3%	-182.8%	-210.3%	-204.6%

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	4,500	-280	-220	-140	-34.7	－	May 15, 2024	J-GAAP
Apr - Sep, 2024 Results	4,245	-253	-181	-121	-30.2	－	Nov 8, 2024	J-GAAP
Revision Rate	-5.7%	+9.6%	+17.7%	+13.6%	+12.9%

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	4,761	-76	121	213	53.1	30	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	5,755	253	281	271	67.2	30	Nov 8, 2024	J-GAAP
YoY	+20.9%	－	+132.2%	+27.2%	+26.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	12,879	14	136	65	16.2	30	May 15, 2023	J-GAAP
Mar, 2024	9,798	-222	57	174	43.4	30	May 15, 2024	J-GAAP
Mar, 2025 Guidance	10,000	0	100	150	37.2	30	May 15, 2024	J-GAAP
YoY	+2.1%	－	+75.4%	-13.8%	-14.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	2,592	49	139	97	24.7	1.9	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	2,236	-264	-281	-193	-48.0	-11.8	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	2,525	188	402	406	101.2	7.4	May 15, 2024	J-GAAP
Apr - Jun, 2024	2,076	-258	-250	-170	-42.1	-12.4	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	2,169	5	69	49	12.2	0.2	Nov 8, 2024	J-GAAP
YoY	-16.3%	-89.8%	-50.4%	-49.5%	-50.4%