kabutan

TOYO TEC CO.,LTD., First Half Net Income Decreases by 62%

Thu Oct 31, 2024 3:30 pm JST Earnings

9686 TOYO TEC CO.,LTD. 【J-GAAP】

Earnings Report

TOYO TEC CO.,LTD. <9686> [TSE-S] announced its financial results after the market closed on October 31st (15:30). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2025 (April to September) significantly dropped by 61.9% from the same period last year to 83 million yen. The progress rate against the 840 million yen full-year plan was 9.9%, also falling below the five-year average of 48.9%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to expand by 85.5% from the same period last year, reaching 757 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income grew by 10.8% from the same period last year, reaching 154 million yen. The operating profit margin improved from 3.2% in the same period last year to 3.6%.

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 14,097 186 276 277 27.1 28.6 Oct 28, 2022 J-GAAP
Apr - Sep, 2023 15,312 393 427 218 21.3 40.2 Oct 27, 2023 J-GAAP
Apr - Sep, 2024 16,268 317 340 83 8.1 24.3 Oct 31, 2024 J-GAAP
YoY +6.2% -19.3% -20.4% -61.9% -62.0%

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 － 20 May 9, 2024 J-GAAP
Apr - Sep, 2024 Results 16,268 317 340 83 8.1 20 Oct 31, 2024 J-GAAP
Revision Rate － － － － －

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 15,937 573 636 408 39.7 18 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 18,232 1,033 1,060 757 73.2 20 Oct 31, 2024 J-GAAP
YoY +14.4% +80.3% +66.7% +85.5% +84.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 30,139 844 964 741 72.6 33 May 9, 2023 J-GAAP
Mar, 2024 31,249 966 1,063 626 61.0 36 May 9, 2024 J-GAAP
Mar, 2025 Guidance 34,500 1,350 1,400 840 81.2 40 May 9, 2024 J-GAAP
YoY +10.4% +39.8% +31.7% +34.2% +33.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 7,918 251 251 139 13.6 3.2 Oct 27, 2023 J-GAAP
Oct - Dec, 2023 7,853 266 288 159 15.5 3.4 Jan 29, 2024 J-GAAP
Jan - Mar, 2024 8,084 307 348 249 24.3 3.8 May 9, 2024 J-GAAP
Apr - Jun, 2024 7,554 4 26 -71 -7.0 0.1 Jul 29, 2024 J-GAAP
Jul - Sep, 2024 8,714 313 314 154 15.0 3.6 Oct 31, 2024 J-GAAP
YoY +10.1% +24.7% +25.1% +10.8% +10.5%

Related Articles