TOTECH CORPORATION, The Current Fiscal Year Ordinary Profit Revised Upward by 18%, Adds to Record High Profit Forecast, Dividend Revised Upward by 15 yen

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Mon Nov 11, 2024 4:00 pm JST Earnings

9960 TOTECH CORPORATION 【J-GAAP】

Earnings Report

TOTECH CORPORATION <9960> [TSE-P] announced its financial results after the market closed on November 11th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 6.38 billion yen, an increase of 56.6% compared to the same period last year.

In addition, the full-year consolidated ordinary profit has been revised upward by 18.2%, from the previous forecast of 11 billion yen to 13 billion yen (compared to 10.5 billion yen in the previous period), increasing the growth rate from 3.9% to 22.8%, further surpassing the previous forecast of record-high profits for thirteen consecutive terms.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow by 1.7% from the same period last year, reaching 6.61 billion yen.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 73 yen to 88 yen (compared to 205 yen before the 1-to-3 stock split in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 6.1% from the same period last year, reaching 3.77 billion yen. The operating profit margin improved from 9.1% in the same period last year to 9.9%.

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	55,095	2,630	2,961	1,917	46.7	36.2	Nov 2, 2022	J-GAAP
Apr - Sep, 2023	63,721	3,616	4,078	2,662	64.8	38.5	Nov 1, 2023	J-GAAP
Apr - Sep, 2024	68,343	5,856	6,385	4,531	110.1	49.1	Nov 11, 2024	J-GAAP
YoY	+7.3%	+61.9%	+56.6%	+70.2%	+70.0%

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	－	24	May 15, 2024	J-GAAP
Apr - Sep, 2024 Results	68,343	5,856	6,385	4,531	110.1	24	Nov 11, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	146,000	10,500	11,000	7,500	182.2	73	May 15, 2024	J-GAAP
Mar, 2025 New	146,000	12,200	13,000	9,000	218.7	88	Nov 11, 2024	J-GAAP
Revision Rate	0.0%	+16.2%	+18.2%	+20.0%	+20.0%

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	77,011	6,289	6,507	4,342	105.6	48	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	77,657	6,344	6,615	4,469	108.6	64	Nov 11, 2024	J-GAAP
YoY	+0.8%	+0.9%	+1.7%	+2.9%	+2.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	126,696	7,730	8,172	5,230	127.4	54	Jun 30, 2023	J-GAAP
Mar, 2024	140,732	9,905	10,585	7,004	170.4	68.33	May 15, 2024	J-GAAP
Mar, 2025 Guidance	146,000	12,200	13,000	9,000	218.7	88	Nov 11, 2024	J-GAAP
YoY	+3.7%	+23.2%	+22.8%	+28.5%	+28.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	35,989	3,285	3,552	2,406	58.6	9.1	Nov 1, 2023	J-GAAP
Oct - Dec, 2023	37,395	3,083	3,282	2,255	54.9	8.2	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	39,616	3,206	3,225	2,087	50.8	8.1	May 15, 2024	J-GAAP
Apr - Jun, 2024	31,729	2,228	2,615	2,002	48.7	7.0	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	36,614	3,628	3,770	2,529	61.5	9.9	Nov 11, 2024	J-GAAP
YoY	+1.7%	+10.4%	+6.1%	+5.1%	+5.0%