TOKAI Holdings Corporation, July-September (2Q) Ordinary Profit Decreases by 17%

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Fri Nov 1, 2024 3:30 pm JST Earnings

3167 TOKAI Holdings Corporation 【J-GAAP】

Earnings Report

TOKAI Holdings Corporation <3167> [TSE-P] announced its financial results after the market closed on November 1st (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 12.1% from the same period last year, reaching 4.88 billion yen. However, The progress rate against the 16 billion yen full-year plan was 30.5%, almost the same as the five-year average of 30.8%.

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 nearly flat at 11.1 billion yen, down 0.5% from the same period last year.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 1.44 billion yen, a 17.1% decrease compared to the same period last year. The operating profit margin worsened from 3.5% in the same period last year to 2.4%.

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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	104,110	4,253	2,432	147	1.1	18.3	Dec 14, 2022	J-GAAP
Apr - Sep, 2023	105,226	4,254	4,355	2,219	17.0	28.0	Nov 2, 2023	J-GAAP
Apr - Sep, 2024	111,088	4,660	4,882	2,390	18.3	30.5	Nov 1, 2024	J-GAAP
YoY	+5.6%	+9.5%	+12.1%	+7.7%	+7.6%

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	－	17	May 9, 2024	J-GAAP
Apr - Sep, 2024 Results	111,088	4,660	4,882	2,390	18.3	17	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	126,287	11,257	11,176	6,262	48.0	17	May 9, 2024	J-GAAP
Oct - Mar, 2024 Guidance	132,912	11,340	11,118	6,610	50.6	17	Nov 1, 2024	J-GAAP
YoY	+5.2%	+0.7%	-0.5%	+5.6%	+5.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	230,190	14,919	13,289	6,465	49.4	32	May 9, 2023	J-GAAP
Mar, 2024	231,513	15,511	15,531	8,481	64.9	33	May 9, 2024	J-GAAP
Mar, 2025 Guidance	244,000	16,000	16,000	9,000	68.9	34	May 9, 2024	J-GAAP
YoY	+5.4%	+3.2%	+3.0%	+6.1%	+6.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	51,255	1,770	1,738	881	6.8	3.5	Nov 2, 2023	J-GAAP
Oct - Dec, 2023	59,450	4,543	4,613	2,715	20.8	7.6	Feb 1, 2024	J-GAAP
Jan - Mar, 2024	66,837	6,714	6,563	3,547	27.2	10.0	May 9, 2024	J-GAAP
Apr - Jun, 2024	56,205	3,319	3,441	1,872	14.3	5.9	Aug 1, 2024	J-GAAP
Jul - Sep, 2024	54,883	1,341	1,441	518	4.0	2.4	Nov 1, 2024	J-GAAP
YoY	+7.1%	-24.2%	-17.1%	-41.2%	-41.2%