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TOMOE ENGINEERING CO.,LTD., Third Quarter Cumulative (November-July) Ordinary Profit Increases by 35%, 3Q (May-July) Ordinary Profit Increases by 10%

Thu Sep 12, 2024 4:00 pm JST Earnings

6309 TOMOE ENGINEERING CO.,LTD. 【J-GAAP】

Earnings Report

TOMOE ENGINEERING CO.,LTD. <6309> [TSE-P] announced its financial results after the market closed on September 12th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending October 2024 (November 2023 to July 2024) expanded to 3.94 billion yen, an increase of 34.9% compared to the same period last year. This progress accounts for 85.7% of the full-year plan of 4.6 billion yen, also surpassing the five-year average of 73.4%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the August to October period (4Q) is expected to drop by 44.8% from the same period last year to 660 million yen.

In the most recent three-month period, from May to July (3Q), the consolidated ordinary profit grew by 10.4% from the same period last year, reaching 933 million yen. However, the operating profit margin remained almost flat, changing from 7.1% in the same period last year to 6.9%.

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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 32,746 2,230 2,340 1,913 63.9 68.4 Sep 12, 2022 J-GAAP
Nov - Jul, 2022 35,823 2,888 2,920 1,986 66.4 71.0 Sep 12, 2023 J-GAAP
Nov - Jul, 2023 39,800 3,869 3,940 2,800 93.6 85.7 Sep 12, 2024 J-GAAP
YoY +11.1% +34.0% +34.9% +41.0% +41.0%

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 25,473 1,986 2,040 1,317 44.0 23.34 Dec 14, 2023 J-GAAP
May - Oct, 2024 Guidance 26,200 1,582 1,593 992 33.1 21 Jun 12, 2024 J-GAAP
YoY +2.9% -20.3% -21.9% -24.7% -24.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct, 2022 45,588 3,299 3,421 2,659 88.8 17.67 Dec 14, 2022 J-GAAP
Oct, 2023 49,628 4,048 4,115 2,733 91.3 36.67 Dec 14, 2023 J-GAAP
Oct, 2024 Guidance 52,780 4,540 4,600 3,130 104.6 42 Jun 7, 2024 J-GAAP
YoY +6.4% +12.2% +11.8% +14.5% +14.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
May - Jul, 2023 11,668 826 845 570 19.1 7.1 Sep 12, 2023 J-GAAP
Aug - Oct, 2023 13,805 1,160 1,195 747 25.0 8.4 Dec 14, 2023 J-GAAP
Nov - Jan, 2023 12,138 1,120 1,163 807 27.0 9.2 Mar 14, 2024 J-GAAP
Feb - Apr, 2024 14,442 1,838 1,844 1,331 44.5 12.7 Jun 12, 2024 J-GAAP
May - Jul, 2024 13,220 911 933 662 22.1 6.9 Sep 12, 2024 J-GAAP
YoY +13.3% +10.3% +10.4% +16.1% +16.1%

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