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

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

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%.

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
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%