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TOYO ASANO FOUNDATION CO.,LTD., First Half Ordinary Profit Decreases by 43%, June-Augus Ordinary Profit Decreases by 81%

Fri Oct 11, 2024 3:30 pm JST Earnings

5271 TOYO ASANO FOUNDATION CO.,LTD. 【J-GAAP】

Earnings Report

TOYO ASANO FOUNDATION CO.,LTD. <5271> [TSE-S] announced its financial results after the market closed on October 11th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2025 (March to August) dropped by 42.5% from the same period last year to 323 million yen. The progress rate against the 560 million yen full-year plan was 57.7%, below the five-year average of 81.5%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the September to February period (second half) is expected to drop by 32.1% from the same period last year to 237 million yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit significantly dropped to 48 million yen, a 81.0% decrease compared to the same period last year. The operating profit margin drastically worsened from 7.4% in the same period last year to 1.2%.

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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 9,942 337 329 218 168.5 159.7 Oct 7, 2022 J-GAAP
Mar - Aug, 2023 7,412 567 562 338 261.2 61.7 Oct 6, 2023 J-GAAP
Mar - Aug, 2024 6,980 309 323 180 139.4 57.7 Oct 11, 2024 J-GAAP
YoY -5.8% -45.5% -42.5% -46.7% -46.6%

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 6,980 309 323 180 138.9 35 Oct 4, 2024 J-GAAP
Mar - Aug, 2024 Results 6,980 309 323 180 139.4 35 Oct 11, 2024 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% +0.3%

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 7,655 355 349 265 204.7 40 Apr 12, 2024 J-GAAP
Sep - Feb, 2024 Guidance 9,520 301 237 160 123.5 40 Oct 4, 2024 J-GAAP
YoY +24.4% -15.2% -32.1% -39.6% -39.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 18,259 228 206 -191 -147.6 50 Apr 7, 2023 J-GAAP
Feb, 2024 15,067 922 911 603 465.9 75 Apr 12, 2024 J-GAAP
Feb, 2025 Guidance 16,500 610 560 340 262.4 75 Apr 12, 2024 J-GAAP
YoY +9.5% -33.8% -38.5% -43.6% -43.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 3,407 251 252 171 132.1 7.4 Oct 6, 2023 J-GAAP
Sep - Nov, 2023 4,588 221 225 144 111.3 4.8 Jan 12, 2024 J-GAAP
Dec - Feb, 2023 3,067 134 124 121 93.5 4.4 Apr 12, 2024 J-GAAP
Mar - May, 2024 4,426 279 275 154 119.5 6.3 Jul 12, 2024 J-GAAP
Jun - Aug, 2024 2,554 30 48 26 20.1 1.2 Oct 11, 2024 J-GAAP
YoY -25.0% -88.0% -81.0% -84.8% -84.8%

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