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TODA KOGYO CORP., The Current Fiscal Year Ordinary Profit Revised Downward to a Loss

Mon Nov 11, 2024 3:30 pm JST Earnings

4100 TODA KOGYO CORP. 【J-GAAP】

Earnings Report

TODA KOGYO CORP. <4100> [TSE-S] announced its financial results after the market closed on November 11th (15:30). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a loss of 266 million yen (compared to a profit of 970 million yen in the same period last year), reversing from the forecast of a 350 million yen to a loss.

In addition, the full-year consolidated ordinary profit/loss has been revised downward from an expected profit of 1.1 billion yen to a loss of 400 million yen (compared to a profit of 1.16 billion yen in the previous period), turning to a loss outlook.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the October to March period (second half) is expected to turn into a loss of 134 million yen (compared to a profit of 198 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a loss of 442 million yen (compared to a profit of 259 million yen in the same period last year). The operating profit/loss margin drastically worsened from 1.0% in the same period last year to -3.3%.

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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 18,760 1,164 2,286 1,554 269.4 68.3 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 12,674 -11 970 801 138.7 83.0 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 14,508 -267 -266 -879 -152.2 ー Nov 11, 2024 J-GAAP
YoY +14.5% -2,327.3% － － －

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 15,400 100 350 100 17.3 0 May 15, 2024 J-GAAP
Apr - Sep, 2024 Results 14,508 -267 -266 -879 -152.2 0 Nov 11, 2024 J-GAAP
Revision Rate -5.8% － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 32,000 700 1,100 600 103.8 0 May 15, 2024 J-GAAP
Mar, 2025 New 29,500 -100 -400 -1,300 -224.9 0 Nov 11, 2024 J-GAAP
Revision Rate -7.8% － － － －

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 13,560 128 198 -4,382 -758.7 0 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 14,992 167 -134 -421 -72.8 0 Nov 11, 2024 J-GAAP
YoY +10.6% +30.5% － +90.4% +90.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 34,934 1,367 3,349 3,268 566.5 0 May 15, 2023 J-GAAP
Mar, 2024 26,234 117 1,168 -3,581 -620.0 0 May 15, 2024 J-GAAP
Mar, 2025 Guidance 29,500 -100 -400 -1,300 -224.9 0 Nov 11, 2024 J-GAAP
YoY +12.4% － － +63.7% +63.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 6,491 66 259 135 23.4 1.0 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 6,939 242 318 712 123.3 3.5 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 6,621 -114 -120 -5,094 -882.0 -1.7 May 15, 2024 J-GAAP
Apr - Jun, 2024 7,307 -31 176 28 5.0 -0.4 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 7,201 -236 -442 -907 -157.1 -3.3 Nov 11, 2024 J-GAAP
YoY +10.9% － － － －

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