TOPY INDUSTRIES,LIMITED, The Current Fiscal Year Ordinary Profit Revised Downward by 28%

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Wed Nov 6, 2024 1:30 pm JST Earnings

7231 TOPY INDUSTRIES,LIMITED 【J-GAAP】

Earnings Report

TOPY INDUSTRIES,LIMITED <7231> [TSE-P] announced its financial results in the afternoon session on November 6th (13:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) significantly dropped by 82.2% from the same period last year to 870 million yen, fell short of the previous forecast of 1.9 billion yen.

In addition, the full-year consolidated ordinary profit has downwardly by 27.8%, from the previous forecast of 9 billion yen to 6.5 billion yen (compared to 10.4 billion yen in the previous period), leading to an increase in the profit decline rate from 14.0% to 37.9%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow by 1.0% from the same period last year, reaching 5.63 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a loss of 494 million yen (compared to a profit of 2.53 billion yen in the same period last year). The operating profit margin worsened from 2.9% in the same period last year to 0.6%.

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	156,109	1,540	2,794	2,082	91.0	34.7	Nov 8, 2022	J-GAAP
Apr - Sep, 2023	165,938	3,985	4,888	3,381	148.1	46.7	Nov 7, 2023	J-GAAP
Apr - Sep, 2024	148,532	602	870	748	32.8	13.4	Nov 6, 2024	J-GAAP
YoY	-10.5%	-84.9%	-82.2%	-77.9%	-77.9%

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	154,000	1,800	1,900	1,900	83.2	30	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	148,532	602	870	748	32.8	30	Nov 6, 2024	J-GAAP
Revision Rate	-3.6%	-66.6%	-54.2%	-60.6%	-60.6%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	317,000	8,600	9,000	7,200	315.1	103	May 10, 2024	J-GAAP
Mar, 2025 New	301,000	6,200	6,500	5,100	223.2	103	Nov 6, 2024	J-GAAP
Revision Rate	-5.0%	-27.9%	-27.8%	-29.2%	-29.2%

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	168,054	6,455	5,574	1,295	56.7	73	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	152,468	5,598	5,630	4,352	190.4	73	Nov 6, 2024	J-GAAP
YoY	-9.3%	-13.3%	+1.0%	+236.1%	+235.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	334,496	7,175	8,043	6,321	276.5	88	May 10, 2023	J-GAAP
Mar, 2024	333,992	10,440	10,462	4,676	204.9	103	May 10, 2024	J-GAAP
Mar, 2025 Guidance	301,000	6,200	6,500	5,100	223.2	103	Nov 6, 2024	J-GAAP
YoY	-9.9%	-40.6%	-37.9%	+9.1%	+8.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	84,416	2,418	2,530	1,647	72.2	2.9	Nov 7, 2023	J-GAAP
Oct - Dec, 2023	90,347	4,984	4,808	905	39.7	5.5	Feb 6, 2024	J-GAAP
Jan - Mar, 2024	77,707	1,471	766	390	17.1	1.9	May 10, 2024	J-GAAP
Apr - Jun, 2024	73,636	135	1,364	725	31.8	0.2	Aug 2, 2024	J-GAAP
Jul - Sep, 2024	74,896	467	-494	23	1.0	0.6	Nov 6, 2024	J-GAAP
YoY	-11.3%	-80.7%	－	-98.6%	-98.6%