TOSNETCORPORATION, Last Fiscal Year Ordinary Profit Revised Downward by 3%, Dividend Revised Upward by 3 yen

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Wed Nov 13, 2024 12:00 pm JST Revision

4754 TOSNETCORPORATION 【J-GAAP】

Guidance Update Report

TOSNETCORPORATION <4754> [TSE-S] announced a revision to its performance and dividend at noon (12:00) on November 13th. The consolidated ordinary profit for the fiscal year ending September 2024 has downwardly by 3.1%, from the previous forecast of 930 million yen to 901 million yen (compared to 893 million yen in the previous period), leading to a reduction in the profit growth rate from 4.1% to 0.9%. However, the full-year consolidated net income has been revised upward by 48.5%, from the previous forecast of 600 million yen to 891 million yen (compared to 576 million yen in the previous period), increasing the growth rate from 4.2% to 54.7%, reaches new record high for the first time in five terms.

Based on the downwardly revised full-year plan announced by the company, our calculation indicates that the April to September period (second half) consolidated ordinary profit has downwardly by 5.4%, from the previous forecast of 540 million yen to 511 million yen (compared to 462 million yen in the same period of the previous year), leading to a reduction in the profit growth rate from 16.9% to 10.6%.

At the same time, the company has increased its planned year-end lump-sum dividend for the last fiscal year from the original plan of 30 yen to 33 yen (compared to 30 yen in the previous period).

Kabutan News

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Prev	5,973	488	540	367	78.0	30	May 14, 2024	J-GAAP
Apr - Sep, 2024 New	6,032	475	511	658	139.3	33	Nov 13, 2024	J-GAAP
Revision Rate	+1.0%	-2.7%	-5.4%	+79.3%	+78.5%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2024 Prev	11,500	830	930	600	127.6	30	Nov 14, 2023	J-GAAP
Sep, 2024 New	11,559	817	901	891	188.6	33	Nov 13, 2024	J-GAAP
Revision Rate	+0.5%	-1.6%	-3.1%	+48.5%	+47.8%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2023	5,618	415	462	308	65.2	30	Nov 14, 2023	J-GAAP
Apr - Sep, 2024 Guidance	6,032	475	511	658	139.3	33	Nov 13, 2024	J-GAAP
YoY	+7.4%	+14.5%	+10.6%	+113.6%	+113.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2022	10,030	690	804	498	105.4	23	Nov 14, 2022	J-GAAP
Sep, 2023	10,937	797	893	576	122.0	30	Nov 14, 2023	J-GAAP
Sep, 2024 Guidance	11,559	817	901	891	188.6	33	Nov 13, 2024	J-GAAP
YoY	+5.7%	+2.5%	+0.9%	+54.7%	+54.7%