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TOSHO CO.,LTD., First Half Ordinary Profit Increases by 47%, Current Fiscal Year Dividend Revised Upward by 1 yen

Fri Nov 8, 2024 4:00 pm JST Earnings

8920 TOSHO CO.,LTD. 【J-GAAP】

Earnings Report

TOSHO CO.,LTD. <8920> [TSE-S] announced its financial results after the market closed on November 8th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 2.91 billion yen, an increase of 46.7% compared to the same period last year, exceeded the previous forecast of 1.99 billion yen.

The progress rate against the 5 billion yen full-year plan was 58.4%, also surpassing the five-year average of 38.7%.

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 1.3% from the same period last year to 2.08 billion yen.

At the same time, the company has increased its planned annual dividend for the current fiscal year from the original plan of 4 yen to 5 yen (compared to 4 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 92.7% from the same period last year, reaching 1.93 billion yen. The operating profit margin jumped from 15.4% in the same period last year to 24.8%.

Kabutan News

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 10,833 1,488 1,501 470 12.3 47.9 Oct 31, 2022 J-GAAP
Apr - Sep, 2023 12,539 1,939 1,989 700 18.3 48.5 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 13,888 2,880 2,918 1,349 35.2 58.4 Nov 8, 2024 J-GAAP
YoY +10.8% +48.5% +46.7% +92.7% +92.7%

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 12,150 1,940 1,990 700 18.3 2 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 13,888 2,880 2,918 1,349 35.2 2 Nov 8, 2024 J-GAAP
Revision Rate +14.3% +48.5% +46.6% +92.7% +92.8%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 34,000 5,000 5,000 2,000 52.2 4 Aug 29, 2024 J-GAAP
Mar, 2025 New 34,000 5,000 5,000 2,000 52.2 5 Nov 8, 2024 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% 0.0%

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 18,388 2,019 2,109 -2,929 -76.5 2 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 20,112 2,120 2,082 651 17.0 3 Nov 8, 2024 J-GAAP
YoY +9.4% +5.0% -1.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 22,506 3,134 3,135 857 22.4 3 May 10, 2023 J-GAAP
Mar, 2024 30,927 3,958 4,098 -2,229 -58.2 4 May 10, 2024 J-GAAP
Mar, 2025 Guidance 34,000 5,000 5,000 2,000 52.2 5 Nov 8, 2024 J-GAAP
YoY +9.9% +26.3% +22.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 6,327 977 1,004 339 8.9 15.4 Oct 31, 2023 J-GAAP
Oct - Dec, 2023 6,557 1,016 1,087 335 8.8 15.5 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 11,831 1,003 1,022 -3,264 -85.2 8.5 May 10, 2024 J-GAAP
Apr - Jun, 2024 6,141 960 983 370 9.7 15.6 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 7,747 1,920 1,935 979 25.6 24.8 Nov 8, 2024 J-GAAP
YoY +22.4% +96.5% +92.7% +188.8% +188.9%

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