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

Wed Oct 30, 2024 3:30 pm JST Earnings

6210 TOYO MACHINERY & METAL CO., LTD. 【J-GAAP】

Earnings Report

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%.

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 17,043 660 781 238 20.9 50.8 Oct 26, 2022 J-GAAP
Apr - Sep, 2023 14,058 2 55 -318 -15.5 ー Oct 26, 2023 J-GAAP
Apr - Sep, 2024 12,745 -431 -396 -518 -25.2 ー Oct 30, 2024 J-GAAP
YoY -9.3% － － -62.9% -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 13,500 -250 -200 -350 -17.0 17.50 Apr 24, 2024 J-GAAP
Apr - Sep, 2024 Results 12,745 -431 -396 -518 -25.2 17.50 Oct 30, 2024 J-GAAP
Revision Rate -5.6% -72.4% -98.0% -48.0% -48.1%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 31,000 300 400 100 4.9 35 Apr 24, 2024 J-GAAP
Mar, 2025 New 28,000 -250 -80 -350 -17.0 35 Oct 30, 2024 J-GAAP
Revision Rate -9.7% － － － －

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 14,784 -121 -119 -975 -47.5 17.50 Apr 24, 2024 J-GAAP
Oct - Mar, 2024 Guidance 15,255 181 316 168 8.2 17.50 Oct 30, 2024 J-GAAP
YoY +3.2% － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 35,298 1,319 1,538 648 31.6 30 Apr 27, 2023 J-GAAP
Mar, 2024 28,842 -119 -64 -1,293 -63.0 35 Apr 24, 2024 J-GAAP
Mar, 2025 Guidance 28,000 -250 -80 -350 -17.0 35 Oct 30, 2024 J-GAAP
YoY -2.9% -110.1% -25.0% +72.9% +72.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 6,971 -43 -20 -203 -9.9 -0.6 Oct 26, 2023 J-GAAP
Oct - Dec, 2023 7,461 -278 -288 -274 -13.4 -3.7 Jan 25, 2024 J-GAAP
Jan - Mar, 2024 7,323 157 169 -701 -34.2 2.1 Apr 24, 2024 J-GAAP
Apr - Jun, 2024 5,810 -232 -183 -325 -15.9 -4.0 Jul 26, 2024 J-GAAP
Jul - Sep, 2024 6,935 -199 -213 -193 -9.4 -2.9 Oct 30, 2024 J-GAAP
YoY -0.5% -362.8% -965.0% +4.9% +5.1%

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