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TOKAI CARBON CO., LTD., January-September (Third Quarter Cumulative) Ordinary Profit Decreases by 51%, July-September Ordinary Profit Decreases by 38%

Wed Nov 6, 2024 3:30 pm JST Earnings

5301 TOKAI CARBON CO., LTD. 【J-GAAP】

Earnings Report

TOKAI CARBON CO., LTD. <5301> [TSE-P] announced its financial results after the market closed on November 6th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) significantly dropped by 51.3% from the same period last year to 16 billion yen. The progress rate against the 23 billion yen full-year plan was 70.0%, also falling below the five-year average of 83.1%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to decrease by 19.5% from the same period last year to 6.9 billion yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit dropped to 5.57 billion yen, a 37.5% decrease compared to the same period last year. The operating profit margin worsened from 9.0% in the same period last year to 7.7%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jan - Sep, 2022 246,332 28,015 32,132 16,121 75.6 75.6 Nov 7, 2022 J-GAAP
Jan - Sep, 2023 267,675 29,749 33,034 21,375 100.3 79.4 Nov 7, 2023 J-GAAP
Jan - Sep, 2024 258,659 15,211 16,097 5,584 26.2 70.0 Nov 6, 2024 J-GAAP
YoY -3.4% -48.9% -51.3% -73.9% -73.9%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2023 185,518 16,990 17,498 9,564 44.9 18 Feb 13, 2024 J-GAAP
Jul - Dec, 2024 Guidance 199,078 14,576 12,480 11,339 53.1 15 Aug 8, 2024 J-GAAP
YoY +7.3% -14.2% -28.7% +18.6% +18.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 340,371 40,588 42,521 22,418 105.2 30 Feb 9, 2023 J-GAAP
Dec, 2023 363,946 38,728 41,607 25,468 119.5 36 Feb 13, 2024 J-GAAP
Dec, 2024 Guidance 370,000 23,000 23,000 15,000 70.3 30 Feb 13, 2024 J-GAAP
YoY +1.7% -40.6% -44.7% -41.1% -41.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 89,247 8,011 8,925 5,471 25.7 9.0 Nov 7, 2023 J-GAAP
Oct - Dec, 2023 96,271 8,979 8,573 4,093 19.2 9.3 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 82,161 3,489 4,687 1,627 7.6 4.2 May 9, 2024 J-GAAP
Apr - Jun, 2024 88,761 4,935 5,833 2,034 9.5 5.6 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 87,737 6,787 5,577 1,923 9.0 7.7 Nov 6, 2024 J-GAAP
YoY -1.7% -15.3% -37.5% -64.9% -64.8%

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