Tazmo (6266) Q3 2023 earnings summary

Executive summary

• 9M revenue rose 12.2% YoY to ¥19,034M; operating profit increased 74.1% to ¥2,405M.

• Customer acceptance delays kept sales behind plan, while production scale benefits and cost reductions lifted profits above plan.

Financial highlights

• Gross profit was ¥5,944M, up from ¥4,589M YoY; SG&A was ¥3,539M, up from ¥3,208M.

• Ordinary profit rose to ¥2,690M from ¥2,001M; net income attributable to owners of the parent increased to ¥1,539M from ¥1,426M.

Outlook and guidance

• FY plan: revenue ¥31,423M, operating profit ¥3,118M, ordinary profit ¥3,087M, and net income ¥2,109M.

• 9M plan achievement: revenue 60.6%, operating profit 77.1%, ordinary profit 87.1%, and net income 73.0%; acceptance delays may push some projects beyond year-end.