Tokyo Century Corporation, July-September (2Q) Ordinary Profit Decreases by 7%

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Fri Nov 8, 2024 3:30 pm JST Earnings

8439 Tokyo Century Corporation 【J-GAAP】

Earnings Report

Tokyo Century Corporation <8439> [TSE-P] announced its financial results after the market closed on November 8th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 7.6% from the same period last year, reaching 63.6 billion yen. The progress rate against the 125 billion yen full-year plan was 51.0%, almost the same as the five-year average of 53.8%.

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 grow by 5.5% from the same period last year, reaching 61.3 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 25.5 billion yen, a 7.1% decrease compared to the same period last year. The operating profit margin worsened from 7.0% in the same period last year to 6.6%.

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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	626,482	49,355	55,838	-6,274	-12.8	52.6	Nov 7, 2022	J-GAAP
Apr - Sep, 2023	685,458	53,093	59,217	35,602	72.7	50.5	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	665,887	56,297	63,691	43,116	88.1	51.0	Nov 8, 2024	J-GAAP
YoY	-2.9%	+6.0%	+7.6%	+21.1%	+21.2%

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	ー	ー	ー	ー	－	29	May 14, 2024	J-GAAP
Apr - Sep, 2024 Results	665,887	56,297	63,691	43,116	88.1	29	Nov 8, 2024	J-GAAP
Revision Rate	－	－	－	－	－

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	660,655	51,132	58,086	36,534	74.6	27	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	ー	ー	61,309	36,884	75.6	29	Nov 8, 2024	J-GAAP
YoY	－	－	+5.5%	+1.0%	+1.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	1,324,962	91,221	106,194	4,765	9.7	35.75	May 12, 2023	J-GAAP
Mar, 2024	1,346,113	104,225	117,303	72,136	147.3	52	May 14, 2024	J-GAAP
Mar, 2025 Guidance	ー	ー	125,000	80,000	164.0	58	May 14, 2024	J-GAAP
YoY	－	－	+6.6%	+10.9%	+11.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	356,468	24,844	27,444	17,386	35.5	7.0	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	317,905	28,721	31,955	21,452	43.8	9.0	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	342,750	22,411	26,131	15,082	30.8	6.5	May 14, 2024	J-GAAP
Apr - Jun, 2024	334,274	34,457	38,189	23,008	47.0	10.3	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	331,613	21,840	25,502	20,108	41.1	6.6	Nov 8, 2024	J-GAAP
YoY	-7.0%	-12.1%	-7.1%	+15.7%	+15.7%