kabutan

TOHO Co.,Ltd., The Current Fiscal Year Ordinary Profit Revised Upward by 3%

Tue Sep 10, 2024 3:00 pm JST Earnings

8142 TOHO Co.,Ltd. 【J-GAAP】

Earnings Report

TOHO Co.,Ltd. <8142> [TSE-P] announced its financial results after the market closed on September 10th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending January 2025 (February to July) decreased by 3.9% from the same period last year to 3.63 billion yen.

However, the full-year consolidated ordinary profit has been revised upward by 2.7%, from the previous forecast of 7.3 billion yen to 7.5 billion yen (compared to 7.97 billion yen in the previous period), and the declining rate is expected to decrease from 8.4% to 5.9%..

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the August to January period (second half) is expected to decrease by 7.7% from the same period last year to 3.86 billion yen.

In the most recent three-month period, from May to July (2Q), the consolidated ordinary profit decreased to 1.58 billion yen, a 28.8% decrease compared to the same period last year. The operating profit margin worsened from 3.6% in the same period last year to 2.5%.

Kabutan News

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 100,351 1,241 1,440 631 19.6 37.1 Sep 9, 2022 J-GAAP
Feb - Jul, 2023 119,028 3,682 3,777 1,776 55.0 47.4 Sep 11, 2023 J-GAAP
Feb - Jul, 2024 121,196 3,471 3,631 2,281 70.7 48.4 Sep 10, 2024 J-GAAP
YoY +1.8% -5.7% -3.9% +28.4% +28.5%

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 121,000 3,500 3,500 2,000 62.0 18.33 Mar 11, 2024 J-GAAP
Feb - Jul, 2024 Results 121,196 3,471 3,631 2,281 70.7 18.33 Sep 10, 2024 J-GAAP
Revision Rate +0.2% -0.8% +3.7% +14.1% +14.1%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan, 2025 Prev 246,000 7,300 7,300 4,000 124.0 36.67 Mar 11, 2024 J-GAAP
Jan, 2025 New 246,000 7,300 7,500 4,400 136.4 36.67 Sep 10, 2024 J-GAAP
Revision Rate 0.0% 0.0% +2.7% +10.0% +10.0%

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 125,902 4,137 4,194 1,829 56.7 18.33 Mar 11, 2024 J-GAAP
Aug - Jan, 2024 Guidance 124,804 3,829 3,869 2,119 65.7 18.34 Sep 10, 2024 J-GAAP
YoY -0.9% -7.4% -7.7% +15.9% +15.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan, 2023 215,573 3,650 3,877 1,007 31.2 11.67 Mar 10, 2023 J-GAAP
Jan, 2024 244,930 7,819 7,971 3,605 111.7 30 Mar 11, 2024 J-GAAP
Jan, 2025 Guidance 246,000 7,300 7,500 4,400 136.4 36.67 Sep 10, 2024 J-GAAP
YoY +0.4% -6.6% -5.9% +22.1% +22.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
May - Jul, 2023 60,346 2,163 2,230 945 29.3 3.6 Sep 11, 2023 J-GAAP
Aug - Oct, 2023 62,163 2,205 2,239 1,489 46.2 3.5 Dec 11, 2023 J-GAAP
Nov - Jan, 2023 63,739 1,932 1,955 340 10.5 3.0 Mar 11, 2024 J-GAAP
Feb - Apr, 2024 61,541 2,005 2,043 1,072 33.2 3.3 Jun 13, 2024 J-GAAP
May - Jul, 2024 59,655 1,466 1,588 1,209 37.5 2.5 Sep 10, 2024 J-GAAP
YoY -1.1% -32.2% -28.8% +27.9% +28.0%

Related Articles