Tazmo (6266) Q1 2023 earnings summary

Executive summary

• Q1 FY2023 revenue was ¥3,864 million, down 36% YoY; operating loss was ¥136 million versus operating profit of ¥645 million a year earlier.

• Results fell short of plan: revenue by ¥1,039 million, operating income by ¥15 million, ordinary income by ¥101 million, and net income by ¥116 million.

Financial highlights

• Gross profit was ¥983 million versus ¥1,692 million YoY; SG&A rose to ¥1,120 million from ¥1,046 million.

• Ordinary loss was ¥231 million versus profit of ¥754 million YoY; net loss attributable to owners of parent was ¥219 million versus profit of ¥534 million.

Outlook and guidance

• FY2023 guidance: revenue ¥31,423 million, operating income ¥3,118 million, ordinary income ¥3,087 million, and net income attributable to owners of parent ¥2,109 million.

• Q1 achieved 12.3% of full-year revenue guidance; process equipment achieved 12.5%, mold and resin molding 16.6%, and surface-treatment equipment 10.0%.