TOIN CORPORATION, The Current Fiscal Year Ordinary Profit Revised Upward to an Unexpected 9% Increase

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Thu Nov 14, 2024 12:00 pm JST Earnings

7923 TOIN CORPORATION 【J-GAAP】

Earnings Report

TOIN CORPORATION <7923> [TSE-S] announced its financial results at noon (12:00) on November 14th. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 503 million yen, an increase of 93.5% compared to the same period last year.

In addition, the full-year consolidated ordinary profit has been revised upward by 43.2%, from the previous forecast of 440 million yen to 630 million yen (compared to 580 million yen in the previous period), turning to a 8.6% increase in the consolidated ordinary profit outlook.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to significant drop by 60.3% from the same period last year to 127 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 27.1% from the same period last year, reaching 253 million yen. The operating profit margin improved from 4.2% in the same period last year to 6.6%.

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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	6,401	92	155	86	17.1	189.0	Oct 31, 2022	J-GAAP
Apr - Sep, 2023	6,745	156	260	206	41.1	44.8	Oct 31, 2023	J-GAAP
Apr - Sep, 2024	7,269	459	503	289	57.5	79.8	Nov 14, 2024	J-GAAP
YoY	+7.8%	+194.2%	+93.5%	+40.3%	+39.9%

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	－	5	May 15, 2024	J-GAAP
Apr - Sep, 2024 Results	7,269	459	503	289	57.5	5	Nov 14, 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	14,000	420	440	300	59.6	15	May 15, 2024	J-GAAP
Mar, 2025 New	14,000	600	630	370	73.5	15	Nov 14, 2024	J-GAAP
Revision Rate	0.0%	+42.9%	+43.2%	+23.3%	+23.3%

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	6,762	255	320	281	55.9	12.50	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	6,731	141	127	81	16.1	10	Nov 14, 2024	J-GAAP
YoY	-0.5%	-44.7%	-60.3%	-71.2%	-71.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	12,697	16	82	49	9.9	15	May 12, 2023	J-GAAP
Mar, 2024	13,507	411	580	487	96.9	17.50	May 15, 2024	J-GAAP
Mar, 2025 Guidance	14,000	600	630	370	73.5	15	Nov 14, 2024	J-GAAP
YoY	+3.6%	+46.0%	+8.6%	-24.0%	-24.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	3,485	145	199	202	40.3	4.2	Oct 31, 2023	J-GAAP
Oct - Dec, 2023	3,437	118	168	127	25.3	3.4	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	3,325	137	152	154	30.7	4.1	May 15, 2024	J-GAAP
Apr - Jun, 2024	3,598	217	250	196	39.0	6.0	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	3,671	242	253	93	18.5	6.6	Nov 14, 2024	J-GAAP
YoY	+5.3%	+66.9%	+27.1%	-54.0%	-54.1%