kabutan

TRADERS HOLDINGS, The Current Fiscal Year Ordinary Profit Revised Upward by 26%, Raises Record High Profit Forecast

Fri Jan 31, 2025 3:30 pm JST Earnings

8704 TRADERS HOLDINGS CO.,LTD. 【J-GAAP】

Earnings Report

TRADERS HOLDINGS CO.,LTD. <8704> [TSE Std] announced its financial results after the market closed on January 31st (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 5.61 billion yen, an increase 49.7% compared to the same period last year.

In addition, the full-year consolidated ordinary profit has been revised upward 26.0%, from the previous forecast of 5 billion yen to 6.3 billion yen (compared to 4.38 billion yen in the previous period), increasing the growth rate from 13.9% to 43.5%, further surpassing the previous forecast of record-high profits for three consecutive terms.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) has been revised upward 2.8 times, from the previous forecast of 0.71 billion yen to 2.01 billion yen (compared to 2.54 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 71.8% to 20.7%.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit dropped to 1.33 billion yen, a 30.1% decrease compared to the same period last year. The operating profit margin decreased from 59.2% in the same period last year to 46.1%.

Kabutan News

Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Dec, 2022 6,736 2,738 2,730 2,219 76.4 73.2 Feb 14, 2023 J-GAAP
Apr - Dec, 2023 7,830 3,768 3,753 2,878 100.7 85.5 Feb 13, 2024 J-GAAP
Apr - Dec, 2024 10,561 5,611 5,617 3,825 138.1 89.2 Jan 31, 2025 J-GAAP
YoY +34.9% +48.9% +49.7% +32.9% +37.1%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Prev 4,143 727 716 515 18.9 － Oct 31, 2024 J-GAAP
Oct - Mar, 2024 New 5,543 2,027 2,016 1,315 48.2 － Jan 31, 2025 J-GAAP
Revision Rate +33.8% +178.8% +181.6% +155.3% +155.4%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 11,800 5,000 5,000 3,400 124.7 － Apr 30, 2024 J-GAAP
Mar, 2025 New 13,200 6,300 6,300 4,200 154.1 － Jan 31, 2025 J-GAAP
Revision Rate +11.9% +26.0% +26.0% +23.5% +23.5%

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 5,489 2,549 2,543 1,829 64.4 16 Apr 30, 2024 J-GAAP
Oct - Mar, 2024 Guidance 5,543 2,027 2,016 1,315 48.2 － Jan 31, 2025 J-GAAP
YoY +1.0% -20.5% -20.7% -28.1% -25.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 9,194 3,742 3,730 3,217 111.1 17 May 15, 2023 J-GAAP
Mar, 2024 10,103 4,412 4,389 3,334 117.4 24 Apr 30, 2024 J-GAAP
Mar, 2025 Guidance 13,200 6,300 6,300 4,200 154.1 － Jan 31, 2025 J-GAAP
YoY +30.7% +42.8% +43.5% +26.0% +31.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 3,216 1,905 1,907 1,373 48.1 59.2 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 2,273 644 636 456 16.1 28.3 Apr 30, 2024 J-GAAP
Apr - Jun, 2024 3,513 2,054 2,051 1,485 53.2 58.5 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 4,144 2,219 2,233 1,400 50.3 53.5 Oct 31, 2024 J-GAAP
Oct - Dec, 2024 2,904 1,338 1,333 940 33.9 46.1 Jan 31, 2025 J-GAAP
YoY -9.7% -29.8% -30.1% -31.5% -29.4%

Related Articles