TOCALO Co.,Ltd., The Current Fiscal Year Ordinary Profit Revised Upward by 10%, Highest in Two Terms, Dividend Revised Upward by 5 yen

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Thu Oct 31, 2024 3:00 pm JST Earnings

3433 TOCALO Co.,Ltd. 【J-GAAP】

Earnings Report

TOCALO Co.,Ltd. <3433> [TSE-P] announced its financial results after the market closed on October 31st (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 20.3% from the same period last year, reaching 5.52 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward by 9.5%, from the previous forecast of 10.5 billion yen to 11.5 billion yen (compared to 9.66 billion yen in the previous period), increasing the growth rate from 8.7% to 19.0%, reaches new record high for the first time in two terms.

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 17.9% from the same period last year, reaching 5.98 billion yen.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 58 yen to 63 yen (compared to 53 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 17.5% from the same period last year, reaching 2.59 billion yen. The operating profit margin rose from 18.1% in the same period last year to 20.7%.

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	23,996	5,581	6,033	3,919	64.5	54.8	Oct 31, 2022	J-GAAP
Apr - Sep, 2023	22,971	4,295	4,590	2,985	49.4	47.5	Oct 31, 2023	J-GAAP
Apr - Sep, 2024	25,863	5,383	5,520	3,556	59.8	48.0	Oct 31, 2024	J-GAAP
YoY	+12.6%	+25.3%	+20.3%	+19.1%	+21.1%

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	24,500	5,000	5,000	3,290	55.3	28	May 9, 2024	J-GAAP
Apr - Sep, 2024 Results	25,863	5,383	5,520	3,556	59.8	30	Oct 31, 2024	J-GAAP
Revision Rate	+5.6%	+7.7%	+10.4%	+8.1%	+8.1%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	51,000	10,500	10,500	6,880	115.7	58	May 9, 2024	J-GAAP
Mar, 2025 New	53,000	11,500	11,500	7,500	126.2	63	Oct 31, 2024	J-GAAP
Revision Rate	+3.9%	+9.5%	+9.5%	+9.0%	+9.0%

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	23,764	4,902	5,072	3,341	55.7	28	May 9, 2024	J-GAAP
Oct - Mar, 2024 Guidance	27,137	6,117	5,980	3,944	66.3	33	Oct 31, 2024	J-GAAP
YoY	+14.2%	+24.8%	+17.9%	+18.0%	+19.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	48,144	10,558	11,003	7,350	120.8	50	May 10, 2023	J-GAAP
Mar, 2024	46,735	9,197	9,662	6,326	105.5	53	May 9, 2024	J-GAAP
Mar, 2025 Guidance	53,000	11,500	11,500	7,500	126.2	63	Oct 31, 2024	J-GAAP
YoY	+13.4%	+25.0%	+19.0%	+18.6%	+19.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	11,184	2,027	2,210	1,446	23.9	18.1	Oct 31, 2023	J-GAAP
Oct - Dec, 2023	11,833	2,109	2,139	1,295	21.5	17.8	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	11,931	2,793	2,933	2,046	34.1	23.4	May 9, 2024	J-GAAP
Apr - Jun, 2024	12,864	2,687	2,924	1,886	31.7	20.9	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	12,999	2,696	2,596	1,670	28.1	20.7	Oct 31, 2024	J-GAAP
YoY	+16.2%	+33.0%	+17.5%	+15.5%	+17.4%