TOHOKUSHINSHA FILM CORPORATION, First Half Ordinary Profit Increases by 4.4 times, July-September Ordinary Profit Increases by 3.6 times

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Fri Nov 8, 2024 4:15 pm JST Earnings

2329 TOHOKUSHINSHA FILM CORPORATION 【J-GAAP】

Earnings Report

TOHOKUSHINSHA FILM CORPORATION <2329> [TSE-S] announced its financial results after the market closed on November 8th (16:15). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 4.4 times that of the same period last year, reaching 1.02 billion yen. However, The progress rate against the 2.7 billion yen full-year plan was 37.9%, almost the same as the five-year average of 35.8%.

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 decrease by 15.3% from the same period last year to 1.67 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged to 3.6 times that of the same period last year, reaching 606 million yen. The operating profit margin remained almost flat, changing from 4.1% in the same period last year to 4.3%.

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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	25,607	2,110	2,399	1,291	9.6	49.8	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	24,341	793	231	1,345	10.0	10.4	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	19,811	809	1,026	1,676	12.4	37.9	Nov 8, 2024	J-GAAP
YoY	-18.6%	+2.0%	+344.2%	+24.6%	+24.5%

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	－	13	May 31, 2024	J-GAAP
Apr - Sep, 2024 Results	19,811	809	1,026	1,676	12.4	13	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	28,478	1,885	1,983	2,676	19.9	26	May 17, 2024	J-GAAP
Oct - Mar, 2024 Guidance	26,234	1,354	1,679	1,793	13.3	13	Nov 8, 2024	J-GAAP
YoY	-7.9%	-28.2%	-15.3%	-33.0%	-33.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	55,922	4,201	4,820	3,133	23.2	6.33	May 19, 2023	J-GAAP
Mar, 2024	52,819	2,678	2,214	4,021	29.8	26	May 17, 2024	J-GAAP
Mar, 2025 Guidance	46,045	2,163	2,705	3,469	25.7	26	Jun 27, 2024	J-GAAP
YoY	-12.8%	-19.2%	+22.2%	-13.7%	-13.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	11,992	496	168	1,431	10.6	4.1	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	12,196	653	734	364	2.7	5.4	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	16,282	1,232	1,249	2,312	17.2	7.6	May 17, 2024	J-GAAP
Apr - Jun, 2024	9,513	363	420	1,374	10.2	3.8	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	10,298	446	606	302	2.2	4.3	Nov 8, 2024	J-GAAP
YoY	-14.1%	-10.1%	+260.7%	-78.9%	-78.9%