TOKYO TEKKO CO., LTD., The Current Fiscal Year Ordinary Profit Revised Upward to an Unexpected 23% Increase, Adds to Record High Profit, Dividend Revised Upward by 100 yen

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Thu Oct 31, 2024 1:30 pm JST Earnings

5445 TOKYO TEKKO CO., LTD. 【J-GAAP】

Earnings Report

TOKYO TEKKO CO., LTD. <5445> [TSE-P] announced its financial results in the afternoon session on October 31st (13:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 7.1 billion yen, an increase of 45.7% compared to the same period last year.

In addition, the full-year consolidated ordinary profit has been revised upward by 40.0%, from the previous forecast of 10 billion yen to 14 billion yen (compared to 11.4 billion yen in the previous period), record profits reach two consecutive terms, turning to a 22.7% increase in the consolidated ordinary profit outlook.

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 5.5% from the same period last year, reaching 6.89 billion yen.

In light of the strong performance, the company has significantly increased its planned annual dividend for the current fiscal year from the original plan of 235 yen to 335 yen (compared to 270 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 49.5% from the same period last year, reaching 3.23 billion yen. The operating profit margin jumped from 10.7% in the same period last year to 15.6%.

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	39,081	1,207	1,345	1,166	129.3	27.2	Oct 31, 2022	J-GAAP
Apr - Sep, 2023	37,946	4,410	4,873	3,278	366.1	42.7	Oct 31, 2023	J-GAAP
Apr - Sep, 2024	42,379	6,918	7,102	5,015	569.7	50.7	Oct 31, 2024	J-GAAP
YoY	+11.7%	+56.9%	+45.7%	+53.0%	+55.6%

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	－	70	May 7, 2024	J-GAAP
Apr - Sep, 2024 Results	42,379	6,918	7,102	5,015	569.7	100	Oct 31, 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	82,500	10,000	10,000	6,900	793.6	235	May 7, 2024	J-GAAP
Mar, 2025 New	84,000	14,000	14,000	9,800	1,127.2	335	Oct 31, 2024	J-GAAP
Revision Rate	+1.8%	+40.0%	+40.0%	+42.0%	+42.0%

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	41,671	6,214	6,539	4,609	517.1	220	May 7, 2024	J-GAAP
Oct - Mar, 2024 Guidance	41,621	7,082	6,898	4,785	550.4	235	Oct 31, 2024	J-GAAP
YoY	-0.1%	+14.0%	+5.5%	+3.8%	+6.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	79,229	4,355	4,944	3,657	405.3	110	May 8, 2023	J-GAAP
Mar, 2024	79,617	10,624	11,412	7,887	884.9	270	May 7, 2024	J-GAAP
Mar, 2025 Guidance	84,000	14,000	14,000	9,800	1,127.2	335	Oct 31, 2024	J-GAAP
YoY	+5.5%	+31.8%	+22.7%	+24.3%	+27.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	18,291	1,953	2,164	1,497	167.2	10.7	Oct 31, 2023	J-GAAP
Oct - Dec, 2023	20,622	2,955	3,097	2,136	239.3	14.3	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	21,049	3,259	3,442	2,473	277.5	15.5	May 7, 2024	J-GAAP
Apr - Jun, 2024	21,746	3,694	3,866	2,859	323.9	17.0	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	20,633	3,224	3,236	2,156	244.9	15.6	Oct 31, 2024	J-GAAP
YoY	+12.8%	+65.1%	+49.5%	+44.0%	+46.5%