TOYOBO CO.,LTD., July-September (2Q) Ordinary Profit Decreases by 14%

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Thu Nov 7, 2024 1:00 pm JST Earnings

3101 TOYOBO CO.,LTD. 【J-GAAP】

Earnings Report

TOYOBO CO.,LTD. <3101> [TSE-P] announced its financial results in the afternoon session on November 7th (13:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 3.1 times that of the same period last year, reaching 3.18 billion yen. However, The progress rate against the 11.5 billion yen full-year plan was 27.7%, also falling below the five-year average of 50.6%.

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 40.4% from the same period last year, reaching 8.32 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 1.16 billion yen, a 14.0% decrease compared to the same period last year. However, the operating profit margin improved from 2.4% in the same period last year to 3.7%.

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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	201,123	7,885	6,760	10,970	123.4	102.6	Nov 10, 2022	J-GAAP
Apr - Sep, 2023	199,419	2,361	1,038	2,011	22.8	14.9	Nov 9, 2023	J-GAAP
Apr - Sep, 2024	209,161	6,931	3,180	114	1.3	27.7	Nov 7, 2024	J-GAAP
YoY	+4.9%	+193.6%	+206.4%	-94.3%	-94.3%

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	－	0	May 13, 2024	J-GAAP
Apr - Sep, 2024 Results	209,161	6,931	3,180	114	1.3	0	Nov 7, 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	214,846	6,634	5,924	444	5.0	40	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	225,839	10,069	8,320	2,486	28.2	40	Nov 7, 2024	J-GAAP
YoY	+5.1%	+51.8%	+40.4%	+459.9%	+459.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	399,921	10,063	6,590	-655	-7.4	40	May 11, 2023	J-GAAP
Mar, 2024	414,265	8,995	6,962	2,455	27.9	40	May 13, 2024	J-GAAP
Mar, 2025 Guidance	435,000	17,000	11,500	2,600	29.5	40	May 13, 2024	J-GAAP
YoY	+5.0%	+89.0%	+65.2%	+5.9%	+5.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	102,361	2,446	1,355	2,519	28.6	2.4	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	107,904	2,631	1,357	-438	-5.0	2.4	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	106,942	4,003	4,567	882	10.0	3.7	May 13, 2024	J-GAAP
Apr - Jun, 2024	105,175	3,089	2,015	784	8.9	2.9	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	103,986	3,842	1,165	-670	-7.6	3.7	Nov 7, 2024	J-GAAP
YoY	+1.6%	+57.1%	-14.0%	－	－