TOYO MACHINERY & METAL CO., LTD., The Current Fiscal Year Ordinary Profit Revised Downward to a Loss

TOYO MACHINERY & METAL CO., LTD. <6210> [TSE-S] announced its financial results after the market closed on October 30th (15:30). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a loss of 396 million yen (compared to a profit of 55 million yen in the same period last year), further increasing the deficit beyond the forecast of a loss of 200 million yen.

In addition, the full-year consolidated ordinary profit/loss has been revised downward from an expected profit of 400 million yen to a loss of 80 million yen (compared to a loss of 64 million 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 ordinary profit/loss for the October to March period (second half) is expected to turn into a profit of 316 million yen (compared to a loss of 119 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary loss expanded to a loss of 213 million yen (compared to a loss of 20 million yen in the same period last year). The operating profit/loss margin worsened from -0.6% in the same period last year to -2.9%.

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