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TOMOE CORPORATION, The Current Fiscal Year Ordinary Profit Revised Upward to an Unexpected 7% Increase

Thu Nov 14, 2024 12:20 pm JST Earnings

1921 TOMOE CORPORATION 【J-GAAP】

Earnings Report

TOMOE CORPORATION <1921> [TSE-S] announced its financial results at noon (12:20) on November 14th. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 23.4% from the same period last year, reaching 2.24 billion yen, resulting in an increase in profits compared to the previous forecast of a 0.9% decrease.

In addition, the full-year consolidated ordinary profit has been revised upward by 13.9%, from the previous forecast of 3.6 billion yen to 4.1 billion yen (compared to 3.81 billion yen in the previous period), turning to a 7.4% 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 decrease by 7.1% from the same period last year to 1.85 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 13.6% from the same period last year, reaching 1.01 billion yen. The operating profit margin improved from 9.0% in the same period last year to 10.9%.

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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 13,774 1,187 1,507 1,110 28.1 34.9 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 16,598 1,342 1,816 1,377 34.5 47.6 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 16,754 1,841 2,241 13,448 332.2 54.7 Nov 14, 2024 J-GAAP
YoY +0.9% +37.2% +23.4% +876.6% +863.1%

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 16,000 1,500 1,800 12,000 296.3 － May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 16,754 1,841 2,241 13,448 332.2 － Nov 14, 2024 J-GAAP
Revision Rate +4.7% +22.7% +24.5% +12.1% +12.1%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 32,000 3,000 3,600 13,500 365.9 24 May 14, 2024 J-GAAP
Mar, 2025 New 35,000 3,500 4,100 14,000 379.4 24 Nov 14, 2024 J-GAAP
Revision Rate +9.4% +16.7% +13.9% +3.7% +3.7%

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 16,744 1,836 2,001 1,405 35.0 16 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 18,246 1,659 1,859 552 15.0 24 Nov 14, 2024 J-GAAP
YoY +9.0% -9.6% -7.1% -60.7% -57.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 35,982 3,782 4,313 3,175 80.2 14 May 15, 2023 J-GAAP
Mar, 2024 33,342 3,178 3,817 2,782 69.3 16 May 14, 2024 J-GAAP
Mar, 2025 Guidance 35,000 3,500 4,100 14,000 379.4 24 Nov 14, 2024 J-GAAP
YoY +5.0% +10.1% +7.4% +403.2% +447.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 8,476 765 891 725 18.2 9.0 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 8,295 696 996 684 17.1 8.4 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 8,449 1,140 1,005 721 18.0 13.5 May 14, 2024 J-GAAP
Apr - Jun, 2024 7,584 839 1,229 869 21.5 11.1 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 9,170 1,002 1,012 12,579 310.7 10.9 Nov 14, 2024 J-GAAP
YoY +8.2% +31.0% +13.6% +1,635.0% +1,611.0%

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