TOYO Corporation, 29% Decrease in Ordinary Profit for The Current Fiscal Year, Increased Previous Year's Dividend by 1 yen, This Fiscal Year to Increase Dividend by 1 yen

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Wed Nov 13, 2024 4:00 pm JST Earnings

8151 TOYO Corporation 【J-GAAP】

Earnings Report

TOYO Corporation <8151> [TSE-P] announced its financial results after the market closed on November 13th (16:00). The consolidated ordinary profit for the fiscal year ending September 2024 expanded to 87.5% from the previous period to 3.37 billion yen. However, for the fiscal year ending September 2025, the profit is expected to decrease by 28.9% from the previous period to 2.4 billion yen.

At the same time, the company increased the annual dividend for the previous term from 67 yen to 68 yen (compared to 54 yen in the prior term), and has decided to increase the dividend this fiscal year to 69 yen, an increase of 1 yen from the previous fiscal year.

In the most recent three-month period, from July to September (4Q), the consolidated ordinary profit dropped to 275 million yen, a 37.2% decrease compared to the same period last year. The operating profit margin worsened from 4.7% in the same period last year to 4.3%.

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Actual Results

Historical Performance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2022	26,490	2,332	2,777	1,919	81.2	50	Nov 9, 2022	J-GAAP
Sep, 2023	28,172	1,472	1,800	1,534	67.5	54	Nov 8, 2023	J-GAAP
Sep, 2024	35,042	3,366	3,375	2,522	113.0	68	Nov 13, 2024	J-GAAP
YoY	+24.4%	+128.7%	+87.5%	+64.4%	+67.3%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2024 Guidance	34,500	3,350	3,400	2,500	114.1	67	Aug 7, 2024	J-GAAP
Sep, 2024 Results	35,042	3,366	3,375	2,522	113.0	68	Nov 13, 2024	J-GAAP
Revision Rate	+1.6%	+0.5%	-0.7%	+0.9%	-1.0%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	20,368	3,332	3,364	2,477	110.8	25	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	ー	ー	ー	ー	－	30	Nov 13, 2024	J-GAAP
YoY	－	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2023	28,172	1,472	1,800	1,534	67.5	54	Nov 8, 2023	J-GAAP
Sep, 2024	35,042	3,366	3,375	2,522	113.0	68	Nov 13, 2024	J-GAAP
Sep, 2025 Guidance	33,000	2,400	2,400	1,750	81.5	69	Nov 13, 2024	J-GAAP
YoY	-5.8%	-28.7%	-28.9%	-30.6%	-27.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	7,018	329	438	571	25.1	4.7	Nov 8, 2023	J-GAAP
Oct - Dec, 2023	6,944	732	670	657	29.4	10.5	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	13,424	2,600	2,694	1,820	81.4	19.4	May 15, 2024	J-GAAP
Apr - Jun, 2024	5,552	-360	-264	-157	-7.0	-6.5	Aug 7, 2024	J-GAAP
Jul - Sep, 2024	9,122	394	275	202	9.1	4.3	Nov 13, 2024	J-GAAP
YoY	+30.0%	+19.8%	-37.2%	-64.6%	-64.0%