Tokyo Kaikan Co.,Ltd., The Current Fiscal Year Ordinary Profit Revised Upward by 9%

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Mon Oct 28, 2024 2:00 pm JST Earnings

9701 Tokyo Kaikan Co.,Ltd. 【J-GAAP】

Earnings Report

Tokyo Kaikan Co.,Ltd. <9701> [TSE-S] announced its financial results in the afternoon session on October 28th (14:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 336 million yen, an increase of 41.2% compared to the same period last year, exceeded the previous forecast of 250 million yen.

In addition, the full-year ordinary profit has been revised upward by 9.3%, from the previous forecast of 1.08 billion yen to 1.18 billion yen (compared to 986 million yen in the previous period), increasing the growth rate from 9.5% to 19.7%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to grow by 12.8% from the same period last year, reaching 844 million yen.

In the most recent three-month period, from July to September (2Q), the ordinary loss improved to a deficit of loss of 78 million yen (compared to a loss of 85 million yen in the same period last year). The operating profit/loss margin improved from -1.9% in the same period last year to -1.4%.

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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
Apr - Sep, 2022	5,851	-226	-177	-157	-47.1	ー	Oct 28, 2022	J-GAAP
Apr - Sep, 2023	6,904	272	238	210	63.2	24.1	Oct 27, 2023	J-GAAP
Apr - Sep, 2024	7,097	360	336	233	70.1	28.5	Oct 28, 2024	J-GAAP
YoY	+2.8%	+32.4%	+41.2%	+11.0%	+11.0%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Guidance	6,990	290	250	160	47.9	－	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	7,097	360	336	233	70.1	－	Oct 28, 2024	J-GAAP
Revision Rate	+1.5%	+24.1%	+34.4%	+45.6%	+46.3%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	14,920	1,160	1,080	810	245.5	30	May 10, 2024	J-GAAP
Mar, 2025 New	15,080	1,240	1,180	860	260.6	30	Oct 28, 2024	J-GAAP
Revision Rate	+1.1%	+6.9%	+9.3%	+6.2%	+6.2%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	7,979	775	748	1,325	396.8	30	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	7,983	880	844	627	190.0	30	Oct 28, 2024	J-GAAP
YoY	+0.1%	+13.5%	+12.8%	-52.7%	-52.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	12,885	228	276	249	74.7	20	May 12, 2023	J-GAAP
Mar, 2024	14,883	1,047	986	1,535	459.7	30	May 10, 2024	J-GAAP
Mar, 2025 Guidance	15,080	1,240	1,180	860	260.6	30	Oct 28, 2024	J-GAAP
YoY	+1.3%	+18.4%	+19.7%	-44.0%	-43.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	3,182	-59	-85	-107	-32.2	-1.9	Oct 27, 2023	J-GAAP
Oct - Dec, 2023	4,145	554	543	470	140.7	13.4	Jan 26, 2024	J-GAAP
Jan - Mar, 2024	3,834	221	205	855	256.0	5.8	May 10, 2024	J-GAAP
Apr - Jun, 2024	3,860	405	414	309	92.8	10.5	Aug 6, 2024	J-GAAP
Jul - Sep, 2024	3,237	-45	-78	-76	-22.9	-1.4	Oct 28, 2024	J-GAAP
YoY	+1.7%	+23.7%	+8.2%	+29.0%	+28.9%