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TOAMI CORPORATION, The Current Fiscal Year Ordinary Profit Revised Downward to an Unexpected 85% Decrease

Tue Nov 12, 2024 4:00 pm JST Earnings

5973 TOAMI CORPORATION 【J-GAAP】

Earnings Report

TOAMI CORPORATION <5973> [TSE-S] announced its financial results after the market closed on November 12th (16:00). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a loss of 87 million yen (compared to a profit of 98 million yen in the same period last year).

In addition, the full-year consolidated ordinary profit has downwardly by 86.1%, from the previous forecast of 360 million yen to 50 million yen (compared to 337 million yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 85.2% decrease in profit.

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 42.7% from the same period last year to 137 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a loss of 58 million yen (compared to a profit of 23 million yen in the same period last year). The operating profit/loss margin drastically worsened from 1.4% in the same period last year to -1.9%.

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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 7,095 -69 -87 -43 -7.1 ー Nov 8, 2022 J-GAAP
Apr - Sep, 2023 8,726 115 98 62 10.4 29.1 Nov 8, 2023 J-GAAP
Apr - Sep, 2024 8,571 -137 -87 -66 -11.6 ー Nov 12, 2024 J-GAAP
YoY -1.8% － － － －

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 － 8 May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 8,571 -137 -87 -66 -11.6 8 Nov 12, 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 19,500 290 360 200 34.9 16 May 13, 2024 J-GAAP
Mar, 2025 New 18,500 0 50 0 0.0 16 Nov 12, 2024 J-GAAP
Revision Rate -5.1% － -86.1% － －

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 8,902 209 239 185 31.0 8 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 9,929 137 137 66 0.0 8 Nov 12, 2024 J-GAAP
YoY +11.5% -34.4% -42.7% -64.3% －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 15,414 -106 -95 -72 -11.9 15 May 10, 2023 J-GAAP
Mar, 2024 17,628 324 337 247 41.4 15.50 May 13, 2024 J-GAAP
Mar, 2025 Guidance 18,500 0 50 0 0.0 16 Nov 12, 2024 J-GAAP
YoY +4.9% － -85.2% － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 4,346 59 23 -29 -4.9 1.4 Nov 8, 2023 J-GAAP
Oct - Dec, 2023 4,733 139 167 117 19.5 2.9 Feb 6, 2024 J-GAAP
Jan - Mar, 2024 4,169 70 72 68 11.4 1.7 May 13, 2024 J-GAAP
Apr - Jun, 2024 4,053 -51 -29 -18 -3.2 -1.3 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 4,518 -86 -58 -48 -8.4 -1.9 Nov 12, 2024 J-GAAP
YoY +4.0% － － -65.5% -73.2%

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