Tsubakimoto Kogyo (8052) Q3 2024 earnings summary

Executive summary

• 9M FY2024 net sales rose 5.7% YoY to ¥83,139M; operating profit rose 8.0% to ¥3,889M and profit attributable to owners rose 9.8% to ¥2,890M.

• Full-year guidance was unchanged; forecast net sales of ¥107,000M and operating profit of ¥5,000M imply declines of 0.9% and 2.0%, respectively, versus the prior year.

Financial highlights

• 9M gross profit was ¥12,856M versus ¥11,728M; SG&A was ¥8,967M versus ¥8,128M.

• Ordinary profit was ¥4,223M, up 7.6% YoY; comprehensive income increased to ¥4,775M from ¥2,890M, up 65.2%.

• Profit attributable to owners was ¥2,890M versus ¥2,632M; basic EPS was ¥461.49 versus ¥420.38.

Outlook and guidance

• FY2024 forecast: net sales ¥107,000M (-0.9%), operating profit ¥5,000M (-2.0%), ordinary profit ¥5,350M (-1.6%), and profit attributable to owners ¥3,750M (+2.3%).

• Forecast basic EPS is ¥598.66; guidance was unchanged from the latest announcement.

• Forecasts rely on information and assumptions considered valid as of the announcement date; actual results may differ due to various factors.