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TOLI Corporation, First Half Ordinary Profit Decreases by 21%

Fri Nov 1, 2024 2:00 pm JST Earnings

7971 TOLI Corporation 【J-GAAP】

Earnings Report

TOLI Corporation <7971> [TSE-S] announced its financial results in the afternoon session on November 1st (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 20.7% from the same period last year to 1.14 billion yen. The progress rate against the 4.25 billion yen full-year plan was 27.0%, which was higher than the five-year average of 15.7%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease by 18.2% from the same period last year to 3.1 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 490 million yen, a 38.4% decrease compared to the same period last year. The operating profit margin worsened from 3.2% in the same period last year to 2.1%.

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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 42,754 -68 17 -67 -1.1 0.5 Nov 2, 2022 J-GAAP
Apr - Sep, 2023 46,448 1,304 1,447 869 14.4 27.6 Nov 2, 2023 J-GAAP
Apr - Sep, 2024 47,418 1,012 1,147 689 11.6 27.0 Nov 1, 2024 J-GAAP
YoY +2.1% -22.4% -20.7% -20.7% -19.4%

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 47,400 1,010 1,140 685 11.6 5 Oct 25, 2024 J-GAAP
Apr - Sep, 2024 Results 47,418 1,012 1,147 689 11.6 5 Nov 1, 2024 J-GAAP
Revision Rate +0.0% +0.2% +0.6% +0.6% +0.6%

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 56,022 3,674 3,793 2,820 47.2 16 May 8, 2024 J-GAAP
Oct - Mar, 2024 Guidance 57,582 3,088 3,103 2,311 39.7 14 Nov 1, 2024 J-GAAP
YoY +2.8% -15.9% -18.2% -18.0% -15.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 95,230 3,531 3,640 2,562 42.6 10 May 9, 2023 J-GAAP
Mar, 2024 102,470 4,978 5,240 3,689 61.7 19 May 8, 2024 J-GAAP
Mar, 2025 Guidance 105,000 4,100 4,250 3,000 51.5 19 May 8, 2024 J-GAAP
YoY +2.5% -17.6% -18.9% -18.7% -16.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 24,154 770 796 478 7.9 3.2 Nov 2, 2023 J-GAAP
Oct - Dec, 2023 26,761 1,558 1,593 1,078 18.0 5.8 Feb 2, 2024 J-GAAP
Jan - Mar, 2024 29,261 2,116 2,200 1,742 29.1 7.2 May 8, 2024 J-GAAP
Apr - Jun, 2024 22,672 481 657 399 6.8 2.1 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 24,746 531 490 290 4.9 2.1 Nov 1, 2024 J-GAAP
YoY +2.5% -31.0% -38.4% -39.3% -38.3%

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