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TOYO SUISAN KAISHA, LTD., First Half Ordinary Profit Increases by 25%, July-September Ordinary Profit Increases by 5%

Fri Nov 8, 2024 12:20 pm JST Earnings

2875 TOYO SUISAN KAISHA, LTD. 【J-GAAP】

Earnings Report

TOYO SUISAN KAISHA, LTD. <2875> [TSE-P] announced its financial results at noon (12:20) on November 8th. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 25.2% from the same period last year, reaching 42.1 billion yen. The progress rate against the 78 billion yen full-year plan was 54.0%, also surpassing the five-year average of 46.6%.

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 decrease by 13.0% from the same period last year to 35.8 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 4.5% from the same period last year, reaching 19.2 billion yen. The operating profit margin rose from 13.4% in the same period last year to 15.0%.

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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 212,940 18,978 20,378 15,270 149.5 46.6 Oct 31, 2022 J-GAAP
Apr - Sep, 2023 234,890 29,824 33,646 25,132 246.1 44.9 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 253,283 39,828 44,228 33,524 331.6 56.7 Nov 8, 2024 J-GAAP
YoY +7.8% +33.5% +31.5% +33.4% +34.8%

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 247,500 34,500 37,500 27,800 279.0 80 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 253,283 39,828 44,228 33,524 331.6 80 Nov 8, 2024 J-GAAP
Revision Rate +2.3% +15.4% +17.9% +20.6% +18.8%

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 254,123 36,872 41,243 30,521 298.9 110 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 256,717 32,172 33,772 25,476 255.7 90 Nov 8, 2024 J-GAAP
YoY +1.0% -12.7% -18.1% -16.5% -14.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 435,786 40,330 43,724 33,126 324.4 100 May 12, 2023 J-GAAP
Mar, 2024 489,013 66,696 74,889 55,653 545.0 170 May 10, 2024 J-GAAP
Mar, 2025 Guidance 510,000 72,000 78,000 59,000 592.2 170 May 10, 2024 J-GAAP
YoY +4.3% +8.0% +4.2% +6.0% +8.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 123,709 16,634 18,369 14,109 138.2 13.4 Oct 31, 2023 J-GAAP
Oct - Dec, 2023 123,509 18,187 19,975 14,772 144.6 14.7 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 130,614 18,685 21,268 15,749 154.2 14.3 May 10, 2024 J-GAAP
Apr - Jun, 2024 124,769 19,803 22,381 17,212 168.5 15.9 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 128,514 20,025 21,847 16,312 161.4 15.6 Nov 8, 2024 J-GAAP
YoY +3.9% +20.4% +18.9% +15.6% +16.8%

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