TOA CORPORATION, The Current Fiscal Year Ordinary Profit Revised Upward by 22%, Dividend Revised Upward by 13.5 yen

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Mon Nov 11, 2024 4:00 pm JST Earnings

1885 TOA CORPORATION 【J-GAAP】

Earnings Report

TOA CORPORATION <1885> [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) increased by 27.8% from the same period last year, reaching 9.16 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward by 22.0%, from the previous forecast of 11.8 billion yen to 14.4 billion yen (compared to 16.6 billion yen in the previous period), and the declining rate is expected to decrease from 29.0% to 13.4%.

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 drop by 44.7% from the same period last year to 5.23 billion yen.

In light of the strong performance, the company has significantly increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 40.5 yen to 54 yen (compared to 160 yen before the 1-to-4 stock split in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged to 2.4 times that of the same period last year, reaching 7.21 billion yen. The operating profit margin significantly improved from 5.3% 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	94,141	529	806	527	6.2	12.2	Nov 10, 2022	J-GAAP
Apr - Sep, 2023	130,185	7,482	7,176	4,497	53.2	43.2	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	149,819	9,432	9,169	6,667	84.1	63.7	Nov 11, 2024	J-GAAP
YoY	+15.1%	+26.1%	+27.8%	+48.3%	+58.1%

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	－	－	May 13, 2024	J-GAAP
Apr - Sep, 2024 Results	149,819	9,432	9,169	6,667	84.1	－	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	300,000	12,000	11,800	8,000	100.8	40.50	May 13, 2024	J-GAAP
Mar, 2025 New	300,000	14,600	14,400	10,700	134.9	54	Nov 11, 2024	J-GAAP
Revision Rate	0.0%	+21.7%	+22.0%	+33.8%	+33.7%

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	153,667	9,749	9,454	6,020	73.1	40	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	150,181	5,168	5,231	4,033	50.8	54	Nov 11, 2024	J-GAAP
YoY	-2.3%	-47.0%	-44.7%	-33.0%	-30.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	213,569	6,555	6,614	4,835	56.1	22.50	May 12, 2023	J-GAAP
Mar, 2024	283,852	17,231	16,630	10,517	127.7	40	May 13, 2024	J-GAAP
Mar, 2025 Guidance	300,000	14,600	14,400	10,700	134.9	54	Nov 11, 2024	J-GAAP
YoY	+5.7%	-15.3%	-13.4%	+1.7%	+5.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	67,615	3,608	2,954	1,659	19.6	5.3	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	76,367	6,087	5,664	3,841	46.1	8.0	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	77,300	3,662	3,790	2,179	26.5	4.7	May 13, 2024	J-GAAP
Apr - Jun, 2024	68,432	1,396	1,958	1,337	16.9	2.0	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	81,387	8,036	7,211	5,330	67.2	9.9	Nov 11, 2024	J-GAAP
YoY	+20.4%	+122.7%	+144.1%	+221.3%	+242.5%