TOKYOTOKEIBA CO.,LTD., January-September (Third Quarter Cumulative) Ordinary Profit Increases by 3%, Current Fiscal Year Dividend Revised Upward by 5 yen

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Thu Oct 31, 2024 3:00 pm JST Earnings

9672 TOKYOTOKEIBA CO.,LTD. 【J-GAAP】

Earnings Report

TOKYOTOKEIBA CO.,LTD. <9672> [TSE-P] announced its financial results after the market closed on October 31st (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) increased by 3.3% from the same period last year, reaching 10.8 billion yen. The progress rate against the 12.3 billion yen full-year plan was 87.8%, also surpassing the five-year average of 77.5%.

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 drop by 48.0% from the same period last year to 1.5 billion yen.

At the same time, the company has increased its planned annual dividend for the current fiscal year from the original plan of 95 yen to 100 yen (compared to 90 yen in the previous period).

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit grew by 4.3% from the same period last year, reaching 4.29 billion yen. However, the operating profit margin decreased from 39.0% in the same period last year to 37.4%.

Kabutan News

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	26,621	11,448	11,447	8,263	301.5	80.8	Oct 28, 2022	J-GAAP
Jan - Sep, 2023	27,962	10,481	10,486	6,379	232.7	78.4	Oct 31, 2023	J-GAAP
Jan - Sep, 2024	30,216	10,855	10,836	7,594	280.6	87.8	Oct 31, 2024	J-GAAP
YoY	+8.1%	+3.6%	+3.3%	+19.0%	+20.6%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2024 Prev	21,385	5,817	5,799	4,187	156.9	55	Jul 31, 2024	J-GAAP
Jul - Dec, 2024 New	21,385	5,817	5,799	4,187	156.9	60	Oct 31, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	0.0%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Prev	40,047	12,349	12,341	8,674	325.0	95	Feb 14, 2024	J-GAAP
Dec, 2024 New	40,047	12,349	12,341	8,674	325.0	100	Oct 31, 2024	J-GAAP
Revision Rate	0.0%	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
Jul - Dec, 2023	20,145	6,998	7,014	4,905	179.0	60	Feb 14, 2024	J-GAAP
Jul - Dec, 2024 Guidance	21,385	5,817	5,799	4,187	156.9	60	Oct 31, 2024	J-GAAP
YoY	+6.2%	-16.9%	-17.3%	-14.6%	-12.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	35,450	14,163	14,171	9,386	342.4	75	Feb 14, 2023	J-GAAP
Dec, 2023	37,544	13,362	13,383	8,452	308.4	90	Feb 14, 2024	J-GAAP
Dec, 2024 Guidance	40,047	12,349	12,341	8,674	325.0	100	Oct 31, 2024	J-GAAP
YoY	+6.7%	-7.6%	-7.8%	+2.6%	+5.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	10,563	4,117	4,117	2,832	103.3	39.0	Oct 31, 2023	J-GAAP
Oct - Dec, 2023	9,582	2,881	2,897	2,073	75.6	30.1	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	8,782	2,822	2,815	1,944	71.1	32.1	Apr 30, 2024	J-GAAP
Apr - Jun, 2024	9,880	3,710	3,727	2,543	93.4	37.6	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	11,554	4,323	4,294	3,107	114.8	37.4	Oct 31, 2024	J-GAAP
YoY	+9.4%	+5.0%	+4.3%	+9.7%	+11.1%