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TOBA,INC., First Half Ordinary Profit Revised Downward to an Unexpected 7%Decrease

Wed Nov 6, 2024 3:30 pm JST Earnings

7472 TOBA,INC. 【J-GAAP】

Earnings Report

TOBA,INC. <7472> [TSE-S] announced its financial results after the market closed on November 6th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 6.7% from the same period last year to 728 million yen, resulting in a decrease in profits compared to the previous forecast of a 17.3% increase.

The progress rate against the 2.04 billion yen full-year plan was 35.7%, also falling below the five-year average of 48.9%.

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 expand by 56.6% from the same period last year, reaching 1.31 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 389 million yen, a 9.5% decrease compared to the same period last year. The operating profit margin worsened from 5.8% in the same period last year to 5.2%.

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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 15,072 917 982 679 159.6 54.6 Nov 9, 2022 J-GAAP
Apr - Sep, 2023 13,807 731 780 537 131.5 48.2 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 14,186 662 728 493 124.4 35.7 Nov 6, 2024 J-GAAP
YoY +2.7% -9.4% -6.7% -8.2% -5.4%

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 14,500 870 915 620 156.8 0 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 14,186 662 728 493 124.4 0 Nov 6, 2024 J-GAAP
Revision Rate -2.2% -23.9% -20.4% -20.5% -20.7%

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 14,642 783 838 537 132.5 120 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 16,814 1,288 1,312 887 224.4 130 Nov 6, 2024 J-GAAP
YoY +14.8% +64.5% +56.6% +65.2% +69.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 29,482 1,694 1,800 1,429 340.1 120 May 11, 2023 J-GAAP
Mar, 2024 28,449 1,514 1,618 1,074 264.9 120 May 10, 2024 J-GAAP
Mar, 2025 Guidance 31,000 1,950 2,040 1,380 349.1 130 May 10, 2024 J-GAAP
YoY +9.0% +28.8% +26.1% +28.5% +31.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 7,157 414 430 298 73.0 5.8 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 7,548 442 469 318 78.1 5.9 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 7,094 341 369 219 54.0 4.8 May 10, 2024 J-GAAP
Apr - Jun, 2024 7,040 291 339 229 57.5 4.1 Aug 5, 2024 J-GAAP
Jul - Sep, 2024 7,146 371 389 264 66.6 5.2 Nov 6, 2024 J-GAAP
YoY -0.2% -10.4% -9.5% -11.4% -8.7%

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