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Toyo Gosei Co.,Ltd., First Half Ordinary Profit Increases by 52%, July-September Ordinary Profit Increases by 19%

Fri Nov 8, 2024 3:30 pm JST Earnings

4970 Toyo Gosei Co.,Ltd. 【J-GAAP】

Earnings Report

Toyo Gosei Co.,Ltd. <4970> [TSE-S] announced its financial results after the market closed on November 8th (15:30). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 2.06 billion yen, an increase of 52.1% compared to the same period last year. The progress rate against the 3.5 billion yen full-year plan was 58.9%, also surpassing the five-year average of 49.5%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to decrease by 29.4% from the same period last year to 1.44 billion yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit grew by 19.1% from the same period last year, reaching 636 million yen. The operating profit margin improved from 6.2% in the same period last year to 9.2%.

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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 17,553 2,852 3,278 2,247 283.2 64.0 Nov 9, 2022 J-GAAP
Apr - Sep, 2023 15,055 1,297 1,354 917 115.5 39.9 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 18,743 2,178 2,060 1,391 175.3 58.9 Nov 8, 2024 J-GAAP
YoY +24.5% +67.9% +52.1% +51.7% +51.7%

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 18,700 2,050 2,000 1,350 170.1 20 Aug 9, 2024 J-GAAP
Apr - Sep, 2024 Results 18,743 2,178 2,060 1,391 175.3 20 Nov 8, 2024 J-GAAP
Revision Rate +0.2% +6.2% +3.0% +3.0% +3.0%

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 16,901 2,215 2,039 1,479 186.4 20 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 19,457 1,422 1,440 1,109 139.7 20 Nov 8, 2024 J-GAAP
YoY +15.1% -35.8% -29.4% -25.0% -25.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 34,156 4,968 5,122 3,827 482.2 40 May 12, 2023 J-GAAP
Mar, 2024 31,956 3,512 3,393 2,396 302.0 40 May 10, 2024 J-GAAP
Mar, 2025 Guidance 38,200 3,600 3,500 2,500 315.0 40 Aug 9, 2024 J-GAAP
YoY +19.5% +2.5% +3.2% +4.3% +4.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 7,444 463 534 365 46.0 6.2 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 8,040 1,331 1,175 807 101.7 16.6 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 8,861 884 864 672 84.7 10.0 May 10, 2024 J-GAAP
Apr - Jun, 2024 9,216 1,302 1,424 968 122.0 14.1 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 9,527 876 636 423 53.3 9.2 Nov 8, 2024 J-GAAP
YoY +28.0% +89.2% +19.1% +15.9% +15.9%

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