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TOMATO BANK,LTD., July-September (2Q) Ordinary Profit Decreases by 65%

Tue Nov 12, 2024 2:00 pm JST Earnings

8542 TOMATO BANK,LTD. 【J-GAAP】

Earnings Report

TOMATO BANK,LTD. <8542> [TSE-S] announced its financial results in the afternoon session on November 12th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 4.3% from the same period last year, reaching 1.03 billion yen. However, The progress rate against the 2.2 billion yen full-year plan was 47.0%, almost the same as the five-year average of 45.4%.

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 11.7% from the same period last year to 1.16 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 164 million yen, a 65.2% decrease compared to the same period last year.

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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 11,423 1,249 875 69.0 45.5 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 11,530 991 704 54.1 42.9 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 13,006 1,034 704 54.0 47.0 Nov 12, 2024 J-GAAP
YoY +12.8% +4.3% 0.0% -0.2%

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 13,000 1,030 700 60.8 25 Nov 5, 2024 J-GAAP
Apr - Sep, 2024 Results 13,006 1,034 704 54.0 25 Nov 12, 2024 J-GAAP
Revision Rate +0.0% +0.4% +0.6% -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 12,535 1,321 826 64.1 25 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 11,294 1,166 796 61.5 25 Nov 12, 2024 J-GAAP
YoY -9.9% -11.7% -3.6% -4.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 23,041 2,747 1,879 149.2 50 May 11, 2023 J-GAAP
Mar, 2024 24,065 2,312 1,530 118.7 50 May 10, 2024 J-GAAP
Mar, 2025 Guidance 24,300 2,200 1,500 115.8 50 May 10, 2024 J-GAAP
YoY +1.0% -4.8% -2.0% -2.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 5,857 471 313 24.0 0.0 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 6,107 1,138 770 63.2 0.0 Feb 2, 2024 J-GAAP
Jan - Mar, 2024 6,428 183 56 4.3 0.0 May 10, 2024 J-GAAP
Apr - Jun, 2024 6,476 870 591 51.3 0.0 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 6,530 164 113 8.7 0.0 Nov 12, 2024 J-GAAP
YoY +11.5% -65.2% -63.9% -64.0%

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