TOAGOSEI CO., LTD., July-September (3Q) Ordinary Profit Decreases by 3%

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Thu Oct 31, 2024 2:00 pm JST Earnings

4045 TOAGOSEI CO., LTD. 【J-GAAP】

Earnings Report

TOAGOSEI CO., LTD. <4045> [TSE-P] announced its financial results in the afternoon session on October 31st (14:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) increased by 25.5% from the same period last year, reaching 12.1 billion yen. However, The progress rate against the 17.5 billion yen full-year plan was 69.4%, also falling below the five-year average of 74.7%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to grow by 10.9% from the same period last year, reaching 5.35 billion yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit decreased to 3.38 billion yen, a 3.3% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 8.5% in the same period last year to 8.2%.

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Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jan - Sep, 2022	118,717	12,054	13,773	10,294	83.1	83.7	Oct 31, 2022	J-GAAP
Jan - Sep, 2023	116,149	8,088	9,672	8,175	68.7	66.7	Oct 31, 2023	J-GAAP
Jan - Sep, 2024	123,363	10,762	12,142	10,506	92.2	69.4	Oct 31, 2024	J-GAAP
YoY	+6.2%	+33.1%	+25.5%	+28.5%	+34.2%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	82,424	7,753	8,331	6,710	56.6	33	Feb 13, 2024	J-GAAP
Jul - Dec, 2024 Guidance	88,429	8,177	8,742	5,759	51.4	30	Jul 31, 2024	J-GAAP
YoY	+7.3%	+5.5%	+4.9%	-14.2%	-9.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	160,825	14,382	16,446	12,494	101.3	36	Feb 10, 2023	J-GAAP
Dec, 2023	159,371	12,499	14,503	12,179	102.8	53	Feb 13, 2024	J-GAAP
Dec, 2024 Guidance	170,000	15,500	17,500	12,800	114.3	60	Jul 31, 2024	J-GAAP
YoY	+6.7%	+24.0%	+20.7%	+5.1%	+11.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	39,202	3,342	3,500	2,706	22.7	8.5	Oct 31, 2023	J-GAAP
Oct - Dec, 2023	43,222	4,411	4,831	4,004	33.8	10.2	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	39,014	3,552	4,027	2,717	23.6	9.1	Apr 26, 2024	J-GAAP
Apr - Jun, 2024	42,557	3,771	4,731	4,324	37.8	8.9	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	41,792	3,439	3,384	3,465	30.4	8.2	Oct 31, 2024	J-GAAP
YoY	+6.6%	+2.9%	-3.3%	+28.0%	+33.7%