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TOHO CHEMICAL INDUSTRY COMPANY,LIMITED, The Current Fiscal Year Ordinary Profit Revised Upward by 31%

Wed Nov 6, 2024 2:00 pm JST Earnings

4409 TOHO CHEMICAL INDUSTRY COMPANY,LIMITED 【J-GAAP】

Earnings Report

TOHO CHEMICAL INDUSTRY COMPANY,LIMITED <4409> [TSE-S] announced its financial results in the afternoon session on November 6th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 4.1 times that of the same period last year, reaching 883 million yen.

In addition, the full-year consolidated ordinary profit has been revised upward by 30.9%, from the previous forecast of 1.1 billion yen to 1.44 billion yen (compared to 743 million yen in the previous period), increasing the growth rate from 48.0% to 93.8%.

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 5.3% from the same period last year, reaching 557 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 80.8% from the same period last year, reaching 434 million yen. The operating profit margin improved from 2.4% in the same period last year to 3.6%.

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 27,516 303 198 135 6.4 16.8 Nov 4, 2022 J-GAAP
Apr - Sep, 2023 24,941 256 214 131 6.3 28.8 Nov 6, 2023 J-GAAP
Apr - Sep, 2024 26,640 892 883 857 40.8 61.3 Nov 6, 2024 J-GAAP
YoY +6.8% +248.4% +312.6% +554.2% +550.6%

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 26,640 892 883 857 40.8 0 Oct 29, 2024 J-GAAP
Apr - Sep, 2024 Results 26,640 892 883 857 40.8 0 Nov 6, 2024 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% +0.1%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 52,500 1,300 1,100 940 44.7 18 May 14, 2024 J-GAAP
Mar, 2025 New 52,500 1,550 1,440 1,200 57.1 18 Nov 6, 2024 J-GAAP
Revision Rate 0.0% +19.2% +30.9% +27.7% +27.7%

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 25,655 515 529 415 19.8 17 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 25,860 658 557 343 16.3 18 Nov 6, 2024 J-GAAP
YoY +0.8% +27.8% +5.3% -17.3% -17.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 55,361 1,384 1,179 977 46.3 15 May 12, 2023 J-GAAP
Mar, 2024 50,596 771 743 546 26.0 17 May 14, 2024 J-GAAP
Mar, 2025 Guidance 52,500 1,550 1,440 1,200 57.1 18 Nov 6, 2024 J-GAAP
YoY +3.8% +101.0% +93.8% +119.8% +119.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 12,314 290 240 162 7.8 2.4 Nov 6, 2023 J-GAAP
Oct - Dec, 2023 12,802 238 306 191 9.1 1.9 Feb 5, 2024 J-GAAP
Jan - Mar, 2024 12,853 277 223 224 10.7 2.2 May 14, 2024 J-GAAP
Apr - Jun, 2024 13,231 410 449 516 24.6 3.1 Aug 5, 2024 J-GAAP
Jul - Sep, 2024 13,409 482 434 341 16.2 3.6 Nov 6, 2024 J-GAAP
YoY +8.9% +66.2% +80.8% +110.5% +109.4%

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