TODA CORPORATION, July-September (2Q) Ordinary Profit Increases by 48%

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Wed Nov 13, 2024 11:30 am JST Earnings

1860 TODA CORPORATION 【J-GAAP】

Earnings Report

TODA CORPORATION <1860> [TSE-P] announced its financial results at noon (11:30) on November 13th. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 4.9% from the same period last year to 7.84 billion yen. The progress rate against the 35.5 billion yen full-year plan was 22.1%, also falling below the five-year average of 31.7%.

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 expand by 60.4% from the same period last year, reaching 27.6 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 48.3% from the same period last year, reaching 5.38 billion yen. The operating profit margin significantly improved from 0.9% in the same period last year to 4.7%.

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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	239,805	467	3,749	3,201	10.4	19.7	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	230,329	3,180	8,243	5,209	16.8	32.3	Nov 13, 2023	J-GAAP
Apr - Sep, 2024	241,261	5,969	7,841	7,175	23.7	22.1	Nov 13, 2024	J-GAAP
YoY	+4.7%	+87.7%	-4.9%	+37.7%	+41.0%

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	－	14.50	May 15, 2024	J-GAAP
Apr - Sep, 2024 Results	241,261	5,969	7,841	7,175	23.7	14.50	Nov 13, 2024	J-GAAP
Revision Rate	－	－	－	－	－

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	292,105	14,728	17,240	10,892	35.3	14	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	358,739	24,031	27,659	19,825	66.2	14.50	Nov 13, 2024	J-GAAP
YoY	+22.8%	+63.2%	+60.4%	+82.0%	+87.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	547,155	14,135	19,039	10,995	35.6	27	May 15, 2023	J-GAAP
Mar, 2024	522,434	17,908	25,483	16,101	52.2	28	May 15, 2024	J-GAAP
Mar, 2025 Guidance	600,000	30,000	35,500	27,000	90.1	29	May 15, 2024	J-GAAP
YoY	+14.8%	+67.5%	+39.3%	+67.7%	+72.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	115,938	1,057	3,633	3,288	10.6	0.9	Nov 13, 2023	J-GAAP
Oct - Dec, 2023	122,423	4,607	6,779	1,409	4.6	3.8	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	169,682	10,121	10,461	9,483	30.7	6.0	May 15, 2024	J-GAAP
Apr - Jun, 2024	111,788	-107	2,455	3,717	12.2	-0.1	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	129,473	6,076	5,386	3,458	11.4	4.7	Nov 13, 2024	J-GAAP
YoY	+11.7%	+474.8%	+48.3%	+5.2%	+7.7%