TOMOEGAWA CORPORATION, First Half Ordinary Profit Increases by 3%

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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%