Tokai Senko K.K., First Half Ordinary Profit Turns to Profit, July-September Ordinary Profit Increases by 2.4 times

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Thu Nov 7, 2024 1:20 pm JST Earnings

3577 Tokai Senko K.K. 【J-GAAP】

Earnings Report

Tokai Senko K.K. <3577> [TSE-S] announced its financial results in the afternoon session on November 7th (13:20). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a profit of 111 million yen (compared to a loss of 109 million yen in the same period last year). The progress rate against the 260 million yen full-year plan was 42.7%.

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 drop by 38.9% from the same period last year to 149 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged to 2.4 times that of the same period last year, reaching 95 million yen. The operating profit margin improved from 0.8% in the same period last year to 1.2%.

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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	6,094	-186	-112	-187	-58.6	ー	Nov 7, 2022	J-GAAP
Apr - Sep, 2023	6,465	-116	-109	-89	-28.3	ー	Nov 6, 2023	J-GAAP
Apr - Sep, 2024	6,691	-3	111	20	6.4	42.7	Nov 7, 2024	J-GAAP
YoY	+3.5%	+97.4%	－	－	－

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	6,700	-3	111	20	6.3	0	Oct 30, 2024	J-GAAP
Apr - Sep, 2024 Results	6,691	-3	111	20	6.4	0	Nov 7, 2024	J-GAAP
Revision Rate	-0.1%	0.0%	0.0%	0.0%	+1.1%

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	6,750	158	244	218	69.5	20	May 9, 2024	J-GAAP
Oct - Mar, 2024 Guidance	7,209	263	149	30	9.5	20	Nov 7, 2024	J-GAAP
YoY	+6.8%	+66.5%	-38.9%	-86.2%	-86.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	13,057	51	189	-100	-31.8	20	May 8, 2023	J-GAAP
Mar, 2024	13,215	42	135	129	41.1	20	May 9, 2024	J-GAAP
Mar, 2025 Guidance	13,900	260	260	50	15.8	20	Oct 30, 2024	J-GAAP
YoY	+5.2%	+519.0%	+92.6%	-61.2%	-61.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	3,345	26	40	38	12.1	0.8	Nov 6, 2023	J-GAAP
Oct - Dec, 2023	3,425	82	157	59	18.7	2.4	Feb 5, 2024	J-GAAP
Jan - Mar, 2024	3,325	76	87	159	50.7	2.3	May 9, 2024	J-GAAP
Apr - Jun, 2024	3,372	-42	16	11	3.6	-1.2	Aug 7, 2024	J-GAAP
Jul - Sep, 2024	3,319	39	95	9	2.9	1.2	Nov 7, 2024	J-GAAP
YoY	-0.8%	+50.0%	+137.5%	-76.3%	-76.2%