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TBS HOLDINGS, INC., First Half Ordinary Profit Increases by 15%, July-September Ordinary Profit Increases by 2.8 times

Fri Nov 8, 2024 4:30 pm JST Earnings

9401 TBS HOLDINGS, INC. 【J-GAAP】

Earnings Report

TBS HOLDINGS, INC. <9401> [TSE-P] announced its financial results after the market closed on November 8th (16:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 14.7% from the same period last year, reaching 18.6 billion yen. The progress rate against the 26.1 billion yen full-year plan was 71.5%, also surpassing the five-year average of 55.1%.

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 drop by 34.6% from the same period last year to 7.44 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged to 2.8 times that of the same period last year, reaching 6.4 billion yen. The operating profit margin significantly improved from 1.9% in the same period last year to 6.7%.

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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 178,863 10,106 17,034 9,191 54.3 48.5 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 190,813 8,743 16,257 9,832 59.6 58.8 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 197,792 12,801 18,652 33,578 207.7 71.5 Nov 8, 2024 J-GAAP
YoY +3.7% +46.4% +14.7% +241.5% +248.4%

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 － 27 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 197,792 12,801 18,652 33,578 207.7 27 Nov 8, 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 203,496 6,432 11,396 28,294 172.4 22 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 202,208 3,699 7,448 3,822 23.9 27 Nov 8, 2024 J-GAAP
YoY -0.6% -42.5% -34.6% -86.5% -86.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 368,130 20,782 35,086 35,182 208.8 42 May 12, 2023 J-GAAP
Mar, 2024 394,309 15,175 27,653 38,126 232.3 44 May 14, 2024 J-GAAP
Mar, 2025 Guidance 400,000 16,500 26,100 37,400 233.7 54 Sep 3, 2024 J-GAAP
YoY +1.4% +8.7% -5.6% -1.9% +0.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 96,036 1,870 2,294 117 0.7 1.9 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 104,652 8,298 12,485 28,487 172.9 7.9 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 98,844 -1,866 -1,089 -193 -1.2 -1.9 May 14, 2024 J-GAAP
Apr - Jun, 2024 98,604 6,178 12,250 14,377 89.0 6.3 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 99,188 6,623 6,402 19,201 118.8 6.7 Nov 8, 2024 J-GAAP
YoY +3.3% +254.2% +179.1% +16,311.1% +16,629.6%

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