kabutan

TOKYO AUTOMATIC MACHINERY WORKS, LTD, First Half Ordinary Profit Increases by 73%, July-September Ordinary Profit Increases by 33%

Fri Nov 1, 2024 3:00 pm JST Earnings

6360 TOKYO AUTOMATIC MACHINERY WORKS, LTD 【J-GAAP】

Earnings Report

TOKYO AUTOMATIC MACHINERY WORKS, LTD <6360> [TSE-S] announced its financial results after the market closed on November 1st (15:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 885 million yen, an increase of 72.9% compared to the same period last year. The progress rate against the 1 billion yen full-year plan was 88.5%, also surpassing the five-year average of 24.9%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to significant drop by 88.9% from the same period last year to 115 million yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit increased by 32.8% from the same period last year, reaching 336 million yen. The operating profit margin significantly improved from 7.6% in the same period last year to 11.8%.

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 4,547 117 206 163 117.0 18.1 Oct 28, 2022 J-GAAP
Apr - Sep, 2023 5,997 424 512 350 250.5 33.1 Nov 2, 2023 J-GAAP
Apr - Sep, 2024 6,615 790 885 611 436.2 88.5 Nov 1, 2024 J-GAAP
YoY +10.3% +86.3% +72.9% +74.6% +74.1%

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 ー ー ー ー － － May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 6,615 790 885 611 436.2 － 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 7,461 964 1,034 766 547.4 120 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 5,385 60 115 89 63.4 80 Nov 1, 2024 J-GAAP
YoY -27.8% -93.8% -88.9% -88.4% -88.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 13,306 985 1,138 799 571.1 60 May 12, 2023 J-GAAP
Mar, 2024 13,458 1,388 1,546 1,116 797.5 120 May 10, 2024 J-GAAP
Mar, 2025 Guidance 12,000 850 1,000 700 498.7 80 May 10, 2024 J-GAAP
YoY -10.8% -38.8% -35.3% -37.3% -37.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 2,802 214 253 173 123.8 7.6 Nov 2, 2023 J-GAAP
Oct - Dec, 2023 2,952 211 248 170 121.5 7.1 Feb 2, 2024 J-GAAP
Jan - Mar, 2024 4,509 753 786 596 425.9 16.7 May 10, 2024 J-GAAP
Apr - Jun, 2024 4,062 489 549 380 271.5 12.0 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 2,553 301 336 231 164.9 11.8 Nov 1, 2024 J-GAAP
YoY -8.9% +40.7% +32.8% +33.5% +33.2%

Related Articles