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TOPPAN Holdings Inc., The Current Fiscal Year Net Income Revised Upward by 26%

Wed Nov 13, 2024 3:30 pm JST Earnings

7911 TOPPAN Holdings Inc. 【J-GAAP】

Earnings Report

TOPPAN Holdings Inc. <7911> [TSE-P] announced its financial results after the market closed on November 13th (15:30). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 32.3 billion yen, an increase of 79.1% compared to the same period last year.

In addition, the full-year consolidated net income has been revised upward by 26.1%, from the previous forecast of 55.5 billion yen to 70 billion yen (compared to 74.3 billion yen in the previous period), and the declining rate is expected to decrease from 25.4% to 5.9%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to drop by 33.2% from the same period last year to 37.6 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income surged to 2.7 times that of the same period last year, reaching 22.3 billion yen. The operating profit margin remained almost flat, changing from 3.7% in the same period last year to 3.9%.

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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 802,257 28,627 37,611 53,230 160.8 46.3 Nov 9, 2022 J-GAAP
Apr - Sep, 2023 800,275 25,361 32,566 18,061 55.6 39.5 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 826,141 27,720 31,879 32,354 104.6 36.0 Nov 13, 2024 J-GAAP
YoY +3.2% +9.3% -2.1% +79.1% +88.1%

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 － 24 May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 826,141 27,720 31,879 32,354 104.6 24 Nov 13, 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 1,720,000 88,000 88,500 55,500 191.9 48 May 13, 2024 J-GAAP
Mar, 2025 New 1,720,000 88,000 88,500 70,000 242.0 48 Nov 13, 2024 J-GAAP
Revision Rate 0.0% 0.0% 0.0% +26.1% +26.1%

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 877,974 48,988 49,934 56,137 174.7 24 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 893,859 60,280 56,621 37,646 130.2 24 Nov 13, 2024 J-GAAP
YoY +1.8% +23.1% +13.4% -32.9% -25.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 1,638,833 76,636 81,172 60,866 185.1 46 May 12, 2023 J-GAAP
Mar, 2024 1,678,249 74,349 82,500 74,198 231.0 48 May 13, 2024 J-GAAP
Mar, 2025 Guidance 1,720,000 88,000 88,500 70,000 242.0 48 Nov 13, 2024 J-GAAP
YoY +2.5% +18.4% +7.3% -5.7% +4.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 412,541 15,380 16,438 8,410 25.9 3.7 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 415,533 14,366 13,628 39,700 122.8 3.5 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 462,441 34,622 36,306 16,437 51.2 7.5 May 13, 2024 J-GAAP
Apr - Jun, 2024 404,271 11,406 16,794 9,984 31.9 2.8 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 421,870 16,314 15,085 22,370 72.3 3.9 Nov 13, 2024 J-GAAP
YoY +2.3% +6.1% -8.2% +166.0% +179.2%

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