TKC Corporation (9746) Q3 2024 earnings summary

Executive summary

• Net sales for the nine months ended June 30, 2024, increased by 2.4% year-over-year to ¥55,166 million.

• Operating profit rose 1.9% year-over-year to ¥13,612 million, while ordinary profit grew 3.4% to ¥14,085 million.

• Profit attributable to owners of parent declined slightly by 0.7% year-over-year to ¥9,684 million.

Financial highlights

• Gross profit increased to ¥39,782 million from ¥38,092 million year-over-year.

• Selling, general and administrative expenses rose to ¥26,169 million from ¥24,731 million year-over-year.

• Earnings per share for the nine months was ¥185.71, compared to ¥186.06 in the prior year.

• Comprehensive income for the period was ¥11,038 million, down from ¥11,526 million year-over-year.

Outlook and guidance

• Full-year net sales forecast is ¥74,500 million, a 3.6% increase year-over-year.

• Operating profit is projected at ¥14,820 million, ordinary profit at ¥15,200 million, and profit attributable to owners of parent at ¥10,830 million.

• Full-year earnings per share forecast is ¥206.61.

• Annual dividend forecast is ¥90.00 per share, unchanged from the previous year.