TAIHO KOGYO CO.,LTD., The Current Fiscal Year Net Income Revised Downward to a Loss

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Wed Oct 30, 2024 2:00 pm JST Earnings

6470 TAIHO KOGYO CO.,LTD. 【J-GAAP】

Earnings Report

TAIHO KOGYO CO.,LTD. <6470> [TSE-S] announced its financial results in the afternoon session on October 30th (14:00). The consolidated net income/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a loss of 3.36 billion yen (compared to a profit of 1.07 billion yen in the same period last year).

In addition, the full-year consolidated net income/loss has been revised downward from an expected profit of 1.9 billion yen to a loss of 2.9 billion yen (compared to a profit of 1.74 billion yen in the previous period), turning to a loss outlook.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to drop by 31.3% from the same period last year to 463 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income/loss turned to a loss of 3.58 billion yen (compared to a profit of 735 million yen in the same period last year). The operating profit/loss margin drastically worsened from 3.0% in the same period last year to -1.0%.

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	51,179	105	759	500	17.4	62.7	Oct 27, 2022	J-GAAP
Apr - Sep, 2023	55,558	879	1,570	1,073	37.2	48.5	Oct 30, 2023	J-GAAP
Apr - Sep, 2024	54,687	-369	-318	-3,363	-116.4	ー	Oct 30, 2024	J-GAAP
YoY	-1.6%	－	－	－	－

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	－	10	Apr 25, 2024	J-GAAP
Apr - Sep, 2024 Results	54,687	-369	-318	-3,363	-116.4	10	Oct 30, 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	118,000	3,000	2,900	1,900	66.1	20	Apr 25, 2024	J-GAAP
Mar, 2025 New	112,500	600	600	-2,900	-100.9	20	Oct 30, 2024	J-GAAP
Revision Rate	-4.7%	-80.0%	-79.3%	－	－

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	56,486	1,610	1,666	674	23.4	10	Apr 25, 2024	J-GAAP
Oct - Mar, 2024 Guidance	57,813	969	918	463	16.1	10	Oct 30, 2024	J-GAAP
YoY	+2.3%	-39.8%	-44.9%	-31.3%	-31.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	105,161	694	1,211	399	13.9	20	Apr 26, 2023	J-GAAP
Mar, 2024	112,044	2,489	3,236	1,747	60.6	20	Apr 25, 2024	J-GAAP
Mar, 2025 Guidance	112,500	600	600	-2,900	-100.9	20	Oct 30, 2024	J-GAAP
YoY	+0.4%	-75.9%	-81.5%	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	28,691	857	1,068	735	25.5	3.0	Oct 30, 2023	J-GAAP
Oct - Dec, 2023	29,126	1,094	973	715	24.8	3.8	Feb 1, 2024	J-GAAP
Jan - Mar, 2024	27,360	516	693	-41	-1.4	1.9	Apr 25, 2024	J-GAAP
Apr - Jun, 2024	26,762	-84	305	222	7.7	-0.3	Jul 30, 2024	J-GAAP
Jul - Sep, 2024	27,925	-285	-623	-3,585	-124.0	-1.0	Oct 30, 2024	J-GAAP
YoY	-2.7%	－	－	－	－