Tobila Systems Inc., The Current Fiscal Year Ordinary Profit Revised Upward by 4%, Adds to Record High Profit Forecast, Dividend Revised Upward by 1.2 yen

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Tue Sep 10, 2024 4:00 pm JST Earnings

4441 Tobila Systems Inc. 【J-GAAP】

Earnings Report

Tobila Systems Inc. <4441> [TSE-S] announced its financial results after the market closed on September 10th (16:00). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending October 2024 (November 2023 to July 2024) increased by 28.3% from the same period last year, reaching 666 million yen.

The full-year ordinary profit has been revised upward by 3.7%, from the previous forecast of 754 million yen to 782 million yen (compared to 679 million yen in the previous period), increasing the growth rate from 11.0% to 15.2%, further surpassing the previous forecast of record-high profits for two consecutive terms..

Based on the full-year plan announced by the company after the upward revision, our estimate of the ordinary profit for the May to October period (second half) is expected to increase by 8.8%, from the previous forecast of 317 million yen to 345 million yen (compared to 323 million yen in the same period of the previous year), turning to a 6.8% increase in the ordinary profit outlook.

In light of the strong performance, the company has increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 17 yen to 18.2 yen (compared to 17 yen in the previous period)

In the most recent three-month period, from May to July (3Q), the ordinary profit increased by 40.5% from the same period last year, reaching 229 million yen. The operating profit margin rose from 31.5% in the same period last year to 37.6%.

Kabutan News

Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Nov - Jul, 2021	1,250	416	407	244	23.3	76.5	Sep 9, 2022	J-GAAP
Nov - Jul, 2022	1,529	521	519	342	32.5	76.4	Sep 8, 2023	J-GAAP
Nov - Jul, 2023	1,771	669	666	465	44.7	85.2	Sep 10, 2024	J-GAAP
YoY	+15.8%	+28.4%	+28.3%	+36.0%	+37.6%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
May - Oct, 2024 Prev	1,196	318	317	188	18.0	17	Jun 10, 2024	J-GAAP
May - Oct, 2024 New	1,196	348	345	229	22.0	18.20	Sep 10, 2024	J-GAAP
Revision Rate	0.0%	+9.4%	+8.8%	+21.8%	+21.8%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct, 2024 Prev	2,350	755	754	500	48.0	17	Dec 8, 2023	J-GAAP
Oct, 2024 New	2,350	785	782	541	51.9	18.20	Sep 10, 2024	J-GAAP
Revision Rate	0.0%	+4.0%	+3.7%	+8.2%	+8.2%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
May - Oct, 2023	1,052	325	323	282	26.8	17	Dec 8, 2023	J-GAAP
May - Oct, 2024 Guidance	1,196	348	345	229	22.0	18.20	Sep 10, 2024	J-GAAP
YoY	+13.7%	+7.1%	+6.8%	-18.8%	-17.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct, 2022	1,681	540	532	322	30.7	10.60	Dec 9, 2022	J-GAAP
Oct, 2023	2,061	682	679	517	49.1	17	Dec 8, 2023	J-GAAP
Oct, 2024 Guidance	2,350	785	782	541	51.9	18.20	Sep 10, 2024	J-GAAP
YoY	+14.0%	+15.1%	+15.2%	+4.6%	+5.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
May - Jul, 2023	520	164	163	107	10.2	31.5	Sep 8, 2023	J-GAAP
Aug - Oct, 2023	532	161	160	175	16.6	30.3	Dec 8, 2023	J-GAAP
Nov - Jan, 2023	567	202	201	155	14.9	35.6	Mar 8, 2024	J-GAAP
Feb - Apr, 2024	587	235	236	157	15.1	40.0	Jun 10, 2024	J-GAAP
May - Jul, 2024	617	232	229	153	14.7	37.6	Sep 10, 2024	J-GAAP
YoY	+18.7%	+41.5%	+40.5%	+43.0%	+44.5%