kabutan

TOKURA CORPORATION, First Half Ordinary Profit Turns to Profit, July-September Ordinary Profit Increases by 5.0 times

Tue Nov 12, 2024 1:00 pm JST Earnings

1892 TOKURA CORPORATION 【J-GAAP】

Earnings Report

TOKURA CORPORATION <1892> [NSE-M] announced its financial results in the afternoon session on November 12th (13:00). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a profit of 487 million yen (compared to a loss of 53 million yen in the same period last year). However, The progress rate against the 1.7 billion yen full-year plan was 28.6%, also falling below the five-year average of 38.3%.

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 drop by 31.5% from the same period last year to 1.21 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged to 5.0 times that of the same period last year, reaching 227 million yen. The operating profit margin improved from 0.1% in the same period last year to 1.7%.

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 25,286 -146 -80 -153 -73.7 ー Nov 10, 2022 J-GAAP
Apr - Sep, 2023 25,147 -136 -53 -73 -35.2 ー Nov 10, 2023 J-GAAP
Apr - Sep, 2024 34,090 477 487 418 202.2 28.6 Nov 12, 2024 J-GAAP
YoY +35.6% － － － －

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 34,090 470 480 410 197.6 － Nov 6, 2024 J-GAAP
Apr - Sep, 2024 Results 34,090 477 487 418 202.2 － Nov 12, 2024 J-GAAP
Revision Rate 0.0% +1.5% +1.5% +2.0% +2.3%

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 38,544 1,752 1,770 1,236 590.2 150 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 40,910 1,123 1,213 782 376.8 150 Nov 12, 2024 J-GAAP
YoY +6.1% -35.9% -31.5% -36.7% -36.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 58,523 609 649 590 282.7 150 May 12, 2023 J-GAAP
Mar, 2024 63,691 1,616 1,717 1,163 555.3 150 May 10, 2024 J-GAAP
Mar, 2025 Guidance 75,000 1,600 1,700 1,200 578.2 150 May 10, 2024 J-GAAP
YoY +17.8% -1.0% -1.0% +3.2% +4.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 13,527 18 45 33 15.9 0.1 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 18,446 1,142 1,138 756 361.4 6.2 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 20,098 610 632 480 229.2 3.0 May 10, 2024 J-GAAP
Apr - Jun, 2024 16,545 177 260 196 95.1 1.1 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 17,545 300 227 222 107.4 1.7 Nov 12, 2024 J-GAAP
YoY +29.7% +1,566.7% +404.4% +572.7% +574.2%

Related Articles