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TOHO SYSTEM SCIENCE CO.,LTD., First Half Ordinary Profit Increases by 9%, July-September Ordinary Profit Increases by 16%

Thu Oct 31, 2024 1:00 pm JST Earnings

4333 TOHO SYSTEM SCIENCE CO.,LTD. 【J-GAAP】

Earnings Report

TOHO SYSTEM SCIENCE CO.,LTD. <4333> [TSE-P] announced its financial results in the afternoon session on October 31st (13:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 8.8% from the same period last year, reaching 757 million yen. However, The progress rate against the 1.71 billion yen full-year plan was 44.3%, almost the same as the five-year average of 45.6%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to grow by 7.4% from the same period last year, reaching 953 million yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit grew by 15.7% from the same period last year, reaching 421 million yen. The operating profit margin remained almost flat, changing from 9.0% in the same period last year to 9.3%.

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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 7,527 740 744 509 28.1 48.9 Oct 31, 2022 J-GAAP
Apr - Sep, 2023 7,998 692 696 471 25.9 44.0 Oct 30, 2023 J-GAAP
Apr - Sep, 2024 8,783 750 757 511 28.0 44.3 Oct 31, 2024 J-GAAP
YoY +9.8% +8.4% +8.8% +8.5% +8.2%

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 8,536 734 738 513 28.0 20 May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 8,783 750 757 511 28.0 20 Oct 31, 2024 J-GAAP
Revision Rate +2.9% +2.2% +2.6% -0.4% +0.0%

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 8,282 882 887 611 33.5 20 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 9,017 950 953 678 37.0 20 Oct 31, 2024 J-GAAP
YoY +8.9% +7.7% +7.4% +11.0% +10.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 15,446 1,514 1,522 1,116 61.4 26.67 May 12, 2023 J-GAAP
Mar, 2024 16,280 1,574 1,583 1,082 59.3 40 May 13, 2024 J-GAAP
Mar, 2025 Guidance 17,800 1,700 1,710 1,189 64.9 40 May 13, 2024 J-GAAP
YoY +9.3% +8.0% +8.0% +9.9% +9.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 4,054 364 364 243 13.4 9.0 Oct 30, 2023 J-GAAP
Oct - Dec, 2023 4,027 418 422 292 16.0 10.4 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 4,255 464 465 319 17.5 10.9 May 13, 2024 J-GAAP
Apr - Jun, 2024 4,273 332 336 231 12.7 7.8 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 4,510 418 421 280 15.3 9.3 Oct 31, 2024 J-GAAP
YoY +11.2% +14.8% +15.7% +15.2% +14.9%

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