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TANSEISHA CO.,LTD., 2Q (May-July) Ordinary Profit Decreases by 16%

Fri Sep 13, 2024 3:00 pm JST Earnings

9743 TANSEISHA CO.,LTD. 【J-GAAP】

Earnings Report

TANSEISHA CO.,LTD. <9743> [TSE-P] announced its financial results after the market closed on September 13th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending January 2025 (February to July) expanded to 2.03 billion yen, an increase of 45.1% compared to the same period last year. However, this progress accounts for 49.6% of the full-year plan of 4.1 billion yen, almost the same as the five-year average of 49.4%.

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 August to January period (second half) is expected to decrease by 20.4% from the same period last year to 2.06 billion yen.

In the most recent three-month period, from May to July (2Q), the consolidated ordinary profit decreased to 494 million yen, a 15.7% decrease compared to the same period last year. The operating profit margin worsened from 2.9% in the same period last year to 2.4%.

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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
Feb - Jul, 2022 31,606 647 719 460 9.7 90.7 Sep 9, 2022 J-GAAP
Feb - Jul, 2023 38,871 1,357 1,402 926 19.5 35.1 Sep 13, 2023 J-GAAP
Feb - Jul, 2024 41,024 1,927 2,035 1,484 31.4 49.6 Sep 13, 2024 J-GAAP
YoY +5.5% +42.0% +45.1% +60.3% +61.5%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb - Jul, 2024 Guidance 40,000 1,900 1,950 1,300 27.7 15 Mar 15, 2024 J-GAAP
Feb - Jul, 2024 Results 41,024 1,927 2,035 1,484 31.4 15 Sep 13, 2024 J-GAAP
Revision Rate +2.6% +1.4% +4.4% +14.2% +13.4%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug - Jan, 2023 42,329 2,526 2,593 1,845 38.7 15 Mar 15, 2024 J-GAAP
Aug - Jan, 2024 Guidance 41,976 2,073 2,065 1,316 28.0 15 Sep 13, 2024 J-GAAP
YoY -0.8% -17.9% -20.4% -28.7% -27.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan, 2023 64,221 616 793 459 9.7 30 Mar 10, 2023 J-GAAP
Jan, 2024 81,200 3,883 3,995 2,771 58.1 30 Mar 15, 2024 J-GAAP
Jan, 2025 Guidance 83,000 4,000 4,100 2,800 59.5 30 Mar 15, 2024 J-GAAP
YoY +2.2% +3.0% +2.6% +1.0% +2.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
May - Jul, 2023 19,155 557 586 381 8.0 2.9 Sep 13, 2023 J-GAAP
Aug - Oct, 2023 19,402 591 611 424 8.9 3.0 Dec 14, 2023 J-GAAP
Nov - Jan, 2023 22,927 1,935 1,982 1,421 29.8 8.4 Mar 15, 2024 J-GAAP
Feb - Apr, 2024 22,733 1,497 1,541 1,155 24.3 6.6 Jun 13, 2024 J-GAAP
May - Jul, 2024 18,291 430 494 329 7.0 2.4 Sep 13, 2024 J-GAAP
YoY -4.5% -22.8% -15.7% -13.6% -13.0%

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