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Taiyo Kisokogyo Co.,Ltd., First Half Ordinary Profit Decreases by 68%, 2Q (May-July) Ordinary Profit Decreases by 17%

Fri Sep 13, 2024 3:00 pm JST Earnings

1758 Taiyo Kisokogyo Co.,Ltd. 【J-GAAP】

Earnings Report

Taiyo Kisokogyo Co.,Ltd. <1758> [TSE-S] announced its financial results after the market closed on September 13th (15:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending January 2025 (February to July) significantly dropped by 67.9% from the same period last year to 161 million yen. This progress accounts for 30.8% of the full-year plan of 522 million yen, also falling below the five-year average of 69.8%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit/loss for the August to January period (second half) is expected to turn into a profit of 361 million yen (compared to a loss of 187 million yen in the same period last year).

In the most recent three-month period, from May to July (2Q), the ordinary profit decreased to 194 million yen, a 17.1% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 4.6% in the same period last year to 4.5%.

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 7,149 394 474 319 155.3 50.4 Sep 14, 2022 J-GAAP
Feb - Jul, 2023 8,203 466 501 346 174.6 159.6 Sep 13, 2023 J-GAAP
Feb - Jul, 2024 6,565 109 161 108 54.4 30.8 Sep 13, 2024 J-GAAP
YoY -20.0% -76.6% -67.9% -68.8% -68.9%

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 ー ー ー ー － 0 Mar 14, 2024 J-GAAP
Feb - Jul, 2024 Results 6,565 109 161 108 54.4 0 Sep 13, 2024 J-GAAP
Revision Rate － － － － －

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 6,368 -241 -187 -134 -68.2 35 Mar 14, 2024 J-GAAP
Aug - Jan, 2024 Guidance 7,935 341 361 242 121.7 50 Sep 13, 2024 J-GAAP
YoY +24.6% － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan, 2023 14,709 797 941 613 296.6 33.33 Mar 14, 2023 J-GAAP
Jan, 2024 14,571 225 314 212 108.0 35 Mar 14, 2024 J-GAAP
Jan, 2025 Guidance 14,500 450 522 350 176.0 50 Mar 14, 2024 J-GAAP
YoY -0.5% +100.0% +66.2% +65.1% +63.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
May - Jul, 2023 4,338 201 234 163 82.2 4.6 Sep 13, 2023 J-GAAP
Aug - Oct, 2023 3,483 -37 -11 -13 -6.6 -1.1 Dec 14, 2023 J-GAAP
Nov - Jan, 2023 2,885 -204 -176 -121 -61.6 -7.1 Mar 14, 2024 J-GAAP
Feb - Apr, 2024 3,274 -39 -33 -24 -12.4 -1.2 Jun 13, 2024 J-GAAP
May - Jul, 2024 3,291 148 194 132 66.4 4.5 Sep 13, 2024 J-GAAP
YoY -24.1% -26.4% -17.1% -19.0% -19.2%

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