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

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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%