Toho Acetylene Co.,Ltd., First Half Ordinary Profit Increases by 27%, July-September Ordinary Profit Increases by 28%

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Mon Nov 11, 2024 1:00 pm JST Earnings

4093 Toho Acetylene Co.,Ltd. 【J-GAAP】

Earnings Report

Toho Acetylene Co.,Ltd. <4093> [TSE-P] announced its financial results in the afternoon session on November 11th (13:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 27.2% from the same period last year, reaching 1.07 billion yen. The progress rate against the 2.5 billion yen full-year plan was 43.1%, exceeding the five-year average of 36.3%.

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 10.7% from the same period last year to 1.42 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 28.3% from the same period last year, reaching 458 million yen. The operating profit margin improved from 4.0% in the same period last year to 5.2%.

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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	15,690	579	672	369	10.7	39.9	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	16,200	732	847	462	13.3	34.7	Nov 13, 2023	J-GAAP
Apr - Sep, 2024	16,313	931	1,077	621	17.9	43.1	Nov 11, 2024	J-GAAP
YoY	+0.7%	+27.2%	+27.2%	+34.4%	+34.4%

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	17,000	1,000	1,100	700	20.1	5	May 15, 2024	J-GAAP
Apr - Sep, 2024 Results	16,313	931	1,077	621	17.9	5	Nov 11, 2024	J-GAAP
Revision Rate	-4.0%	-6.9%	-2.1%	-11.3%	-11.2%

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	19,223	1,384	1,594	953	27.4	9	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	19,687	1,369	1,423	979	28.2	9	Nov 11, 2024	J-GAAP
YoY	+2.4%	-1.1%	-10.7%	+2.7%	+2.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	34,087	1,522	1,684	988	28.5	12	May 15, 2023	J-GAAP
Mar, 2024	35,423	2,116	2,441	1,415	40.7	14	May 15, 2024	J-GAAP
Mar, 2025 Guidance	36,000	2,300	2,500	1,600	46.0	14	May 15, 2024	J-GAAP
YoY	+1.6%	+8.7%	+2.4%	+13.1%	+12.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	7,895	312	357	229	6.6	4.0	Nov 13, 2023	J-GAAP
Oct - Dec, 2023	9,409	711	805	518	14.9	7.6	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	9,814	673	789	435	12.5	6.9	May 15, 2024	J-GAAP
Apr - Jun, 2024	8,316	517	619	335	9.7	6.2	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	7,997	414	458	286	8.2	5.2	Nov 11, 2024	J-GAAP
YoY	+1.3%	+32.7%	+28.3%	+24.9%	+24.9%