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TOA CORPORATION, First Half Net Income Decreases by 81%, July-September Net Income Decreases by 69%

Fri Nov 1, 2024 3:00 pm JST Earnings

6809 TOA CORPORATION 【J-GAAP】

Earnings Report

TOA CORPORATION <6809> [TSE-P] announced its financial results after the market closed on November 1st (15:00). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2025 (April to September) significantly dropped by 81.2% from the same period last year to 139 million yen. The progress rate against the 2.4 billion yen full-year plan was 5.8%, also falling below the five-year average of 34.1%.

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 79.7% from the same period last year, reaching 2.26 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income significantly dropped to 251 million yen, a 68.7% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 6.8% in the same period last year to 6.7%.

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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 20,307 45 456 629 19.3 21.7 Nov 1, 2022 J-GAAP
Apr - Sep, 2023 21,891 693 1,191 739 23.0 32.1 Nov 2, 2023 J-GAAP
Apr - Sep, 2024 22,769 704 766 139 4.6 19.6 Nov 1, 2024 J-GAAP
YoY +4.0% +1.6% -35.7% -81.2% -79.9%

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 2, 2024 J-GAAP
Apr - Sep, 2024 Results 22,769 704 766 139 4.6 20 Nov 1, 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 26,923 2,335 2,519 1,258 39.4 20 May 2, 2024 J-GAAP
Oct - Mar, 2024 Guidance 29,231 2,996 3,134 2,261 75.2 20 Nov 1, 2024 J-GAAP
YoY +8.6% +28.3% +24.4% +79.7% +90.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 45,123 1,713 2,104 1,765 54.5 40 May 2, 2023 J-GAAP
Mar, 2024 48,814 3,028 3,710 1,997 62.6 40 May 2, 2024 J-GAAP
Mar, 2025 Guidance 52,000 3,700 3,900 2,400 79.8 40 May 2, 2024 J-GAAP
YoY +6.5% +22.2% +5.1% +20.2% +27.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 11,849 807 1,022 802 24.9 6.8 Nov 2, 2023 J-GAAP
Oct - Dec, 2023 12,498 1,297 1,247 819 25.5 10.4 Feb 2, 2024 J-GAAP
Jan - Mar, 2024 14,425 1,038 1,272 439 13.8 7.2 May 2, 2024 J-GAAP
Apr - Jun, 2024 10,979 -91 104 -112 -3.8 -0.8 Aug 2, 2024 J-GAAP
Jul - Sep, 2024 11,790 795 662 251 8.4 6.7 Nov 1, 2024 J-GAAP
YoY -0.5% -1.5% -35.2% -68.7% -66.5%

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