TAKAOKA TOKO CO., LTD., The Current Fiscal Year Ordinary Profit Revised Upward by 24%

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Mon Oct 28, 2024 4:00 pm JST Earnings

6617 TAKAOKA TOKO CO., LTD. 【J-GAAP】

Earnings Report

TAKAOKA TOKO CO., LTD. <6617> [TSE-P] announced its financial results after the market closed on October 28th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 13.7% from the same period last year to 2.07 billion yen.

However, the full-year consolidated ordinary profit has been revised upward by 23.8%, from the previous forecast of 4.2 billion yen to 5.2 billion yen (compared to 8.01 billion yen in the previous period), and the declining rate is expected to decrease from 47.6% to 35.1%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to drop by 44.3% from the same period last year to 3.12 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 923 million yen, a 24.0% decrease compared to the same period last year. The operating profit margin worsened from 5.1% in the same period last year to 3.4%.

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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	42,243	2,301	2,489	1,620	100.4	52.9	Oct 28, 2022	J-GAAP
Apr - Sep, 2023	43,774	2,253	2,406	1,442	89.5	30.0	Oct 30, 2023	J-GAAP
Apr - Sep, 2024	47,606	1,961	2,077	1,094	68.2	39.9	Oct 28, 2024	J-GAAP
YoY	+8.8%	-13.0%	-13.7%	-24.1%	-23.8%

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	ー	ー	ー	ー	－	25	Apr 25, 2024	J-GAAP
Apr - Sep, 2024 Results	47,606	1,961	2,077	1,094	68.2	25	Oct 28, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	105,000	4,000	4,200	2,500	155.8	50	Apr 25, 2024	J-GAAP
Mar, 2025 New	106,000	5,000	5,200	3,200	199.5	50	Oct 28, 2024	J-GAAP
Revision Rate	+1.0%	+25.0%	+23.8%	+28.0%	+28.0%

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	63,604	5,994	5,611	3,226	200.6	35	Apr 25, 2024	J-GAAP
Oct - Mar, 2024 Guidance	58,394	3,039	3,123	2,106	131.3	25	Oct 28, 2024	J-GAAP
YoY	-8.2%	-49.3%	-44.3%	-34.7%	-34.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	97,752	4,847	4,704	2,919	180.8	55	Apr 26, 2023	J-GAAP
Mar, 2024	107,378	8,247	8,017	4,668	290.3	60	Apr 25, 2024	J-GAAP
Mar, 2025 Guidance	106,000	5,000	5,200	3,200	199.5	50	Oct 28, 2024	J-GAAP
YoY	-1.3%	-39.4%	-35.1%	-31.4%	-31.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	22,035	1,120	1,214	743	46.1	5.1	Oct 30, 2023	J-GAAP
Oct - Dec, 2023	28,710	3,067	3,094	1,895	117.7	10.7	Jan 29, 2024	J-GAAP
Jan - Mar, 2024	34,894	2,927	2,517	1,331	82.8	8.4	Apr 25, 2024	J-GAAP
Apr - Jun, 2024	23,699	1,143	1,154	576	36.0	4.8	Jul 26, 2024	J-GAAP
Jul - Sep, 2024	23,907	818	923	518	32.3	3.4	Oct 28, 2024	J-GAAP
YoY	+8.5%	-27.0%	-24.0%	-30.3%	-30.0%