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TOMOEGAWA CORPORATION, First Half Ordinary Profit Increases by 3%

Fri Nov 8, 2024 2:00 pm JST Earnings

3878 TOMOEGAWA CORPORATION 【J-GAAP】

Earnings Report

TOMOEGAWA CORPORATION <3878> [TSE-S] announced its financial results in the afternoon session on November 8th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was 1.02 billion yen, a 2.6% increase compared to the same period last year. However, The progress rate against the 2.2 billion yen full-year plan was 46.5%, also falling below the five-year average of 59.3%.

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 82.1% from the same period last year, reaching 1.17 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 22.9% from the same period last year, reaching 494 million yen. The operating profit margin improved from 4.4% in the same period last year to 6.7%.

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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 17,532 1,205 1,361 1,255 116.2 63.3 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 16,497 795 996 431 41.6 60.6 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 17,229 922 1,022 759 73.3 46.5 Nov 8, 2024 J-GAAP
YoY +4.4% +16.0% +2.6% +76.1% +76.0%

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 17,400 900 1,000 750 72.3 0 Oct 24, 2024 J-GAAP
Apr - Sep, 2024 Results 17,229 922 1,022 759 73.3 0 Nov 8, 2024 J-GAAP
Revision Rate -1.0% +2.4% +2.2% +1.2% +1.3%

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 17,195 536 647 163 15.7 15 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 17,771 1,278 1,178 241 23.9 15 Nov 8, 2024 J-GAAP
YoY +3.3% +138.4% +82.1% +47.9% +52.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 34,170 2,052 2,151 1,451 135.1 15 May 12, 2023 J-GAAP
Mar, 2024 33,692 1,331 1,643 594 57.3 15 May 14, 2024 J-GAAP
Mar, 2025 Guidance 35,000 2,200 2,200 1,000 99.2 15 May 14, 2024 J-GAAP
YoY +3.9% +65.3% +33.9% +68.4% +73.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 8,182 363 402 90 8.7 4.4 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 8,443 182 220 23 2.2 2.2 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 8,752 354 427 140 13.5 4.0 May 14, 2024 J-GAAP
Apr - Jun, 2024 8,494 341 528 344 33.3 4.0 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 8,735 581 494 415 40.1 6.7 Nov 8, 2024 J-GAAP
YoY +6.8% +60.1% +22.9% +361.1% +361.0%

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