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Totenko Co., Ltd., First Half Ordinary Profit Increases by 38%, June-Augus Ordinary Profit Turns to Profit

Thu Oct 10, 2024 3:00 pm JST Earnings

8181 Totenko Co., Ltd. 【J-GAAP】

Earnings Report

Totenko Co., Ltd. <8181> [TSE-S] announced its financial results after the market closed on October 10th (15:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending February 2025 (March to August) expanded to 144 million yen, an increase of 38.5% compared to the same period last year. The progress rate against the 450 million yen full-year plan was 32.0%, exceeding the same period of the previous year of 26.7%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the September to February period (second half) is expected to grow by 7.4% from the same period last year, reaching 306 million yen.

In the most recent three-month period, from June to August (2Q), the ordinary profit/loss turned to a profit of profit of 12 million yen (compared to a loss of 15 million yen in the same period last year). The operating profit/loss margin improved from -1.0% in the same period last year to 1.7%.

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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
Mar - Aug, 2022 1,537 -451 -329 -456 -177.6 ー Oct 13, 2022 J-GAAP
Mar - Aug, 2023 2,223 120 104 -191 -74.7 26.7 Oct 12, 2023 J-GAAP
Mar - Aug, 2024 2,097 155 144 127 49.7 32.0 Oct 10, 2024 J-GAAP
YoY -5.7% +29.2% +38.5% － －

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar - Aug, 2024 Guidance 2,097 155 144 127 49.5 0 Oct 7, 2024 J-GAAP
Mar - Aug, 2024 Results 2,097 155 144 127 49.7 0 Oct 10, 2024 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% +0.4%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2023 2,456 304 285 57 22.3 0 Apr 15, 2024 J-GAAP
Sep - Feb, 2024 Guidance 2,503 315 306 303 118.0 － Oct 7, 2024 J-GAAP
YoY +1.9% +3.6% +7.4% +431.6% +428.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 3,704 -606 -467 -828 -322.5 0 Apr 17, 2023 J-GAAP
Feb, 2024 4,679 424 389 -134 -52.5 0 Apr 15, 2024 J-GAAP
Feb, 2025 Guidance 4,600 470 450 430 167.4 － Oct 7, 2024 J-GAAP
YoY -1.7% +10.8% +15.7% － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 1,007 -10 -15 -27 -10.6 -1.0 Oct 12, 2023 J-GAAP
Sep - Nov, 2023 1,161 134 122 -102 -39.8 11.5 Jan 11, 2024 J-GAAP
Dec - Feb, 2023 1,295 170 163 159 62.3 13.1 Apr 15, 2024 J-GAAP
Mar - May, 2024 1,143 139 132 120 46.9 12.2 Jul 11, 2024 J-GAAP
Jun - Aug, 2024 954 16 12 7 2.7 1.7 Oct 10, 2024 J-GAAP
YoY -5.3% － － － －

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