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Tokuyama Corporation, First Half Ordinary Profit Increases by 52%, July-September Ordinary Profit Increases by 57%

Tue Oct 29, 2024 9:00 am JST Earnings

4043 Tokuyama Corporation 【J-GAAP】

Earnings Report

Tokuyama Corporation <4043> [TSE-P] announced its financial results in the morning on October 29th (09:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 13.6 billion yen, an increase of 51.8% compared to the same period last year. However, The progress rate against the 31 billion yen full-year plan was 43.9%, also falling below the five-year average of 47.2%.

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 October to March period (second half) is expected to nearly flat at 17.3 billion yen, up 0.4% from the same period last year.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 56.6% from the same period last year, reaching 5.18 billion yen. The operating profit margin significantly improved from 4.2% in the same period last year to 7.8%.

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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 166,370 8,296 10,870 6,565 91.3 73.5 Oct 28, 2022 J-GAAP
Apr - Sep, 2023 166,105 8,576 8,962 6,228 86.6 34.1 Oct 27, 2023 J-GAAP
Apr - Sep, 2024 165,538 13,958 13,606 11,641 161.8 43.9 Oct 29, 2024 J-GAAP
YoY -0.3% +62.8% +51.8% +86.9% +86.9%

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 － 50 Apr 26, 2024 J-GAAP
Apr - Sep, 2024 Results 165,538 13,958 13,606 11,641 161.8 50 Oct 29, 2024 J-GAAP
Revision Rate － － － － －

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 175,885 17,061 17,330 11,523 160.2 45 Apr 26, 2024 J-GAAP
Oct - Mar, 2024 Guidance 186,462 19,042 17,394 13,359 185.7 50 Oct 29, 2024 J-GAAP
YoY +6.0% +11.6% +0.4% +15.9% +15.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 351,790 14,336 14,783 9,364 130.2 70 Apr 28, 2023 J-GAAP
Mar, 2024 341,990 25,637 26,292 17,751 246.7 80 Apr 26, 2024 J-GAAP
Mar, 2025 Guidance 352,000 33,000 31,000 25,000 347.5 100 Apr 26, 2024 J-GAAP
YoY +2.9% +28.7% +17.9% +40.8% +40.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 81,219 3,434 3,309 1,924 26.7 4.2 Oct 27, 2023 J-GAAP
Oct - Dec, 2023 84,150 8,361 8,018 5,679 78.9 9.9 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 91,735 8,700 9,312 5,844 81.2 9.5 Apr 26, 2024 J-GAAP
Apr - Jun, 2024 82,524 7,502 8,424 7,402 102.9 9.1 Jul 26, 2024 J-GAAP
Jul - Sep, 2024 83,014 6,456 5,182 4,239 58.9 7.8 Oct 29, 2024 J-GAAP
YoY +2.2% +88.0% +56.6% +120.3% +120.3%

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