TOMEN DEVICES CORPORATION, The Current Fiscal Year Ordinary Profit Revised Upward to an Unexpected 16% Increase, Dividend Revised Upward by 60 yen

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Tue Oct 29, 2024 1:00 pm JST Earnings

2737 TOMEN DEVICES CORPORATION 【J-GAAP】

Earnings Report

TOMEN DEVICES CORPORATION <2737> [TSE-P] announced its financial results in the afternoon session on October 29th (13:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 5.55 billion yen, an increase of 62.7% compared to the same period last year.

In addition, the full-year consolidated ordinary profit has been revised upward by 33.3%, from the previous forecast of 5.4 billion yen to 7.2 billion yen (compared to 6.2 billion yen in the previous period), turning to a 16.1% increase in the consolidated ordinary profit outlook.

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 40.9% from the same period last year to 1.64 billion yen.

In light of the strong performance, the company has increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 240 yen to 300 yen (compared to 200 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged to 2.6 times that of the same period last year, reaching 3.48 billion yen. However, the operating profit margin remained almost flat, changing from 2.7% in the same period last year to 2.6%.

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
Apr - Sep, 2022	222,153	7,361	3,607	2,724	400.6	54.7	Oct 27, 2022	J-GAAP
Apr - Sep, 2023	183,781	5,703	3,413	-4	-0.6	55.0	Oct 26, 2023	J-GAAP
Apr - Sep, 2024	207,304	5,988	5,552	4,024	591.7	77.1	Oct 29, 2024	J-GAAP
YoY	+12.8%	+5.0%	+62.7%	－	－

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	－	0	Apr 25, 2024	J-GAAP
Apr - Sep, 2024 Results	207,304	5,988	5,552	4,024	591.7	0	Oct 29, 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	400,000	7,600	5,400	4,200	617.6	240	Apr 25, 2024	J-GAAP
Mar, 2025 New	430,000	8,600	7,200	5,500	808.7	300	Oct 29, 2024	J-GAAP
Revision Rate	+7.5%	+13.2%	+33.3%	+31.0%	+31.0%

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	186,895	3,777	2,790	2,100	308.8	200	Apr 25, 2024	J-GAAP
Oct - Mar, 2024 Guidance	222,696	2,612	1,648	1,476	217.0	300	Oct 29, 2024	J-GAAP
YoY	+19.2%	-30.8%	-40.9%	-29.7%	-29.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	417,621	12,230	6,589	4,906	721.4	300	Apr 27, 2023	J-GAAP
Mar, 2024	370,676	9,480	6,203	2,096	308.2	200	Apr 25, 2024	J-GAAP
Mar, 2025 Guidance	430,000	8,600	7,200	5,500	808.7	300	Oct 29, 2024	J-GAAP
YoY	+16.0%	-9.3%	+16.1%	+162.4%	+162.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	95,813	2,576	1,315	1,048	154.6	2.7	Oct 26, 2023	J-GAAP
Oct - Dec, 2023	83,713	1,416	1,073	791	116.4	1.7	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	103,182	2,361	1,717	1,309	192.5	2.3	Apr 25, 2024	J-GAAP
Apr - Jun, 2024	102,886	3,295	2,072	1,539	226.4	3.2	Jul 26, 2024	J-GAAP
Jul - Sep, 2024	104,418	2,693	3,480	2,485	365.4	2.6	Oct 29, 2024	J-GAAP
YoY	+9.0%	+4.5%	+164.6%	+137.1%	+136.4%