TOYOTA BOSHOKU CORPORATION, First Half Net Income Decreases by 53%, July-September Net Income Decreases by 71%

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.

Thu Oct 31, 2024 2:00 pm JST Earnings

3116 TOYOTA BOSHOKU CORPORATION 【IFRS】

Earnings Report

TOYOTA BOSHOKU CORPORATION <3116> [TSE-P] announced its financial results (based on IFRS) in the afternoon session on October 31st (14:00). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2025 (April to September) significantly dropped by 53.3% from the same period last year to 13.5 billion yen. The progress rate against the 43 billion yen full-year plan was 31.4%, also falling below the five-year average of 37.7%.

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 grow by 1.9% from the same period last year, reaching 29.4 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income significantly dropped to 4.81 billion yen, a 70.7% decrease compared to the same period last year. The operating profit margin worsened from 5.6% in the same period last year to 3.7%.

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	761,803	12,869	19,739	2,016	10.8	37.7	Oct 28, 2022	IFRS
Apr - Sep, 2023	964,058	49,598	55,048	28,948	154.9	63.0	Oct 31, 2023	IFRS
Apr - Sep, 2024	948,165	33,837	32,926	13,506	75.7	47.7	Oct 31, 2024	IFRS
YoY	-1.6%	-31.8%	-40.2%	-53.3%	-51.2%

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	ー	ー	ー	ー	－	43	Apr 26, 2024	IFRS
Apr - Sep, 2024 Results	948,165	33,837	32,926	13,506	75.7	43	Oct 31, 2024	IFRS
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	1,900,000	68,000	69,000	43,000	240.7	86	Jul 31, 2024	IFRS
Mar, 2025 New	1,870,000	68,000	69,000	43,000	240.7	86	Oct 31, 2024	IFRS
Revision Rate	-1.6%	0.0%	0.0%	0.0%	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	989,567	29,038	32,324	28,937	155.8	43	Apr 26, 2024	IFRS
Oct - Mar, 2024 Guidance	921,835	34,163	36,074	29,494	165.1	43	Oct 31, 2024	IFRS
YoY	-6.8%	+17.6%	+11.6%	+1.9%	+5.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	1,604,036	47,672	52,291	14,679	78.6	70	Apr 27, 2023	IFRS
Mar, 2024	1,953,625	78,636	87,372	57,885	311.7	86	Apr 26, 2024	IFRS
Mar, 2025 Guidance	1,870,000	68,000	69,000	43,000	240.7	86	Oct 31, 2024	IFRS
YoY	-4.3%	-13.5%	-21.0%	-25.7%	-22.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	488,559	27,432	29,674	16,443	88.0	5.6	Oct 31, 2023	IFRS
Oct - Dec, 2023	507,121	27,125	24,324	13,164	70.5	5.3	Feb 2, 2024	IFRS
Jan - Mar, 2024	482,446	1,913	8,000	15,773	85.0	0.4	Apr 26, 2024	IFRS
Apr - Jun, 2024	488,000	16,698	19,405	8,696	48.7	3.4	Jul 31, 2024	IFRS
Jul - Sep, 2024	460,165	17,139	13,521	4,810	27.0	3.7	Oct 31, 2024	IFRS
YoY	-5.8%	-37.5%	-54.4%	-70.7%	-69.4%