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TOKATSU HOLDINGS CO.,LTD., July-September (2Q) Ordinary Profit Decreases by 23%

Fri Nov 8, 2024 3:00 pm JST Earnings

2754 TOKATSU HOLDINGS CO.,LTD. 【J-GAAP】

Earnings Report

TOKATSU HOLDINGS CO.,LTD. <2754> [TSE-S] announced its financial results in the afternoon session on November 8th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 19.8% from the same period last year, reaching 254 million yen. However, The progress rate against the 561 million yen full-year plan was 45.3%, almost the same as the five-year average of 47.5%.

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 6.4% from the same period last year to 307 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 102 million yen, a 23.3% decrease compared to the same period last year. However, the operating profit margin improved from 6.3% in the same period last year to 8.0%.

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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 3,477 208 218 140 29.1 51.5 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 3,732 205 212 136 28.1 39.3 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 4,671 345 254 163 33.8 45.3 Nov 8, 2024 J-GAAP
YoY +25.2% +68.3% +19.8% +19.9% +20.3%

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 4,021 226 233 149 30.8 0 May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 4,671 345 254 163 33.8 0 Nov 8, 2024 J-GAAP
Revision Rate +16.2% +52.7% +9.0% +9.4% +9.8%

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 4,807 322 328 214 44.2 15 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 4,126 208 307 199 41.1 0 Nov 8, 2024 J-GAAP
YoY -14.2% -35.4% -6.4% -7.0% -7.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 7,264 407 423 268 55.6 15 May 12, 2023 J-GAAP
Mar, 2024 8,539 527 540 350 72.4 15 May 13, 2024 J-GAAP
Mar, 2025 Guidance 8,797 553 561 362 74.8 0 Aug 8, 2024 J-GAAP
YoY +3.0% +4.9% +3.9% +3.4% +3.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 2,042 129 133 85 17.6 6.3 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 2,296 169 172 111 23.0 7.4 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 2,511 153 156 103 21.3 6.1 May 13, 2024 J-GAAP
Apr - Jun, 2024 2,258 152 152 98 20.3 6.7 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 2,413 193 102 65 13.5 8.0 Nov 8, 2024 J-GAAP
YoY +18.2% +49.6% -23.3% -23.5% -23.3%

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