Toabo Corporation, January-September (Third Quarter Cumulative) Ordinary Profit Increases by 4%

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Wed Nov 13, 2024 3:30 pm JST Earnings

3204 Toabo Corporation 【J-GAAP】

Earnings Report

Toabo Corporation <3204> [TSE-S] announced its financial results after the market closed on November 13th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) increased by 4.3% from the same period last year, reaching 586 million yen. The progress rate against the 600 million yen full-year plan was 97.7%, also surpassing the five-year average of 59.1%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to significant drop by 94.4% from the same period last year to 14 million yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit decreased to 152 million yen, a 15.1% decrease compared to the same period last year. However, the operating profit margin improved from 2.9% in the same period last year to 4.7%.

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Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jan - Sep, 2022	12,589	393	425	211	23.7	80.5	Nov 10, 2022	J-GAAP
Jan - Sep, 2023	13,909	490	562	305	34.2	69.3	Nov 10, 2023	J-GAAP
Jan - Sep, 2024	13,431	486	586	349	39.6	97.7	Nov 13, 2024	J-GAAP
YoY	-3.4%	-0.8%	+4.3%	+14.4%	+15.8%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	9,604	383	428	354	39.7	12	Feb 14, 2024	J-GAAP
Jul - Dec, 2024 Guidance	9,531	385	166	90	10.3	13	Aug 9, 2024	J-GAAP
YoY	-0.8%	+0.5%	-61.2%	-74.6%	-74.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	17,000	516	528	269	30.2	11	Feb 15, 2023	J-GAAP
Dec, 2023	19,042	742	811	573	64.3	12	Feb 14, 2024	J-GAAP
Dec, 2024 Guidance	18,300	650	600	350	39.9	13	Feb 14, 2024	J-GAAP
YoY	-3.9%	-12.4%	-26.0%	-38.9%	-37.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	4,471	131	179	86	9.7	2.9	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	5,133	252	249	268	30.1	4.9	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	4,353	175	199	116	13.1	4.0	May 13, 2024	J-GAAP
Apr - Jun, 2024	4,416	90	235	144	16.3	2.0	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	4,662	221	152	89	10.1	4.7	Nov 13, 2024	J-GAAP
YoY	+4.3%	+68.7%	-15.1%	+3.5%	+4.8%