TAOKA CHEMICAL COMPANY, LIMITED, The Current Fiscal Year Ordinary Profit Revised Upward by 20%, Dividend Revised Upward by 3 yen

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Tue Oct 29, 2024 3:00 pm JST Earnings

4113 TAOKA CHEMICAL COMPANY, LIMITED 【J-GAAP】

Earnings Report

TAOKA CHEMICAL COMPANY, LIMITED <4113> [TSE-S] announced its financial results after the market closed on October 29th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 948 million yen, an increase of 52.9% compared to the same period last year, exceeded the previous forecast of 720 million yen.

In addition, the full-year consolidated ordinary profit has been revised upward by 20.0%, from the previous forecast of 1.25 billion yen to 1.5 billion yen (compared to 1.14 billion yen in the previous period), increasing the growth rate from 9.6% to 31.5%.

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 grow by 6.0% from the same period last year, reaching 552 million yen.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 18 yen to 21 yen (compared to 18 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 396 million yen, a 33.0% decrease compared to the same period last year. The operating profit margin worsened from 7.7% in the same period last year to 5.2%.

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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	15,264	249	279	191	13.4	61.1	Oct 27, 2022	J-GAAP
Apr - Sep, 2023	14,812	573	620	460	32.1	54.3	Oct 31, 2023	J-GAAP
Apr - Sep, 2024	15,062	898	948	638	44.6	63.2	Oct 29, 2024	J-GAAP
YoY	+1.7%	+56.7%	+52.9%	+38.7%	+38.9%

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	15,000	700	720	500	34.9	9	May 14, 2024	J-GAAP
Apr - Sep, 2024 Results	15,062	898	948	638	44.6	9	Oct 29, 2024	J-GAAP
Revision Rate	+0.4%	+28.3%	+31.7%	+27.6%	+27.7%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	30,000	1,200	1,250	900	62.8	18	May 14, 2024	J-GAAP
Mar, 2025 New	30,000	1,450	1,500	1,050	73.3	21	Oct 29, 2024	J-GAAP
Revision Rate	0.0%	+20.8%	+20.0%	+16.7%	+16.7%

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	13,732	501	521	360	25.1	9	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	14,938	552	552	412	28.8	12	Oct 29, 2024	J-GAAP
YoY	+8.8%	+10.2%	+6.0%	+14.4%	+14.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	30,166	451	457	310	21.7	27	May 12, 2023	J-GAAP
Mar, 2024	28,544	1,074	1,141	820	57.3	18	May 14, 2024	J-GAAP
Mar, 2025 Guidance	30,000	1,450	1,500	1,050	73.3	21	Oct 29, 2024	J-GAAP
YoY	+5.1%	+35.0%	+31.5%	+28.0%	+28.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	7,385	570	591	432	30.1	7.7	Oct 31, 2023	J-GAAP
Oct - Dec, 2023	6,679	260	265	167	11.7	3.9	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	7,053	241	256	193	13.5	3.4	May 14, 2024	J-GAAP
Apr - Jun, 2024	7,598	511	552	406	28.3	6.7	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	7,464	387	396	232	16.2	5.2	Oct 29, 2024	J-GAAP
YoY	+1.1%	-32.1%	-33.0%	-46.3%	-46.3%