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TOC Co.,Ltd, First Half Ordinary Profit Decreases by 32%

Tue Nov 12, 2024 3:30 pm JST Earnings

8841 TOC Co.,Ltd 【J-GAAP】

Earnings Report

TOC Co.,Ltd <8841> [TSE-S] announced its financial results after the market closed on November 12th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 32.3% from the same period last year to 983 million yen. The progress rate against the 1.5 billion yen full-year plan was 65.5%, also surpassing the five-year average of 53.8%.

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 significant drop by 57.3% from the same period last year to 517 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 437 million yen, a 16.4% decrease compared to the same period last year. The operating profit margin decreased from 13.5% in the same period last year to 11.2%.

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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 8,054 2,635 2,860 2,048 21.6 61.6 Nov 8, 2022 J-GAAP
Apr - Sep, 2023 6,824 1,239 1,452 5,922 63.0 54.5 Nov 7, 2023 J-GAAP
Apr - Sep, 2024 6,275 681 983 1,268 13.6 65.5 Nov 12, 2024 J-GAAP
YoY -8.0% -45.0% -32.3% -78.6% -78.5%

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 6,270 680 980 1,260 13.5 5 Nov 1, 2024 J-GAAP
Apr - Sep, 2024 Results 6,275 681 983 1,268 13.6 5 Nov 12, 2024 J-GAAP
Revision Rate +0.1% +0.1% +0.3% +0.6% +0.3%

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 6,891 1,046 1,212 -799 -8.5 5 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 6,625 319 517 332 3.8 5 Nov 12, 2024 J-GAAP
YoY -3.9% -69.5% -57.3% － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 15,686 4,266 4,643 3,257 34.3 10 May 9, 2023 J-GAAP
Mar, 2024 13,715 2,285 2,664 5,123 54.6 10 May 14, 2024 J-GAAP
Mar, 2025 Guidance 12,900 1,000 1,500 1,600 18.1 10 Nov 1, 2024 J-GAAP
YoY -5.9% -56.2% -43.7% -68.8% -66.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 3,347 453 523 5,286 56.2 13.5 Nov 7, 2023 J-GAAP
Oct - Dec, 2023 3,486 675 754 509 5.4 19.4 Feb 6, 2024 J-GAAP
Jan - Mar, 2024 3,405 371 458 -1,308 -13.9 10.9 May 14, 2024 J-GAAP
Apr - Jun, 2024 2,993 312 546 386 4.1 10.4 Aug 6, 2024 J-GAAP
Jul - Sep, 2024 3,282 369 437 882 9.4 11.2 Nov 12, 2024 J-GAAP
YoY -1.9% -18.5% -16.4% -83.3% -83.2%

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