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

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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	333.4	24	May 14, 2024	J-GAAP
Mar, 2025 New	35,000	3,500	4,100	14,000	345.7	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	13.6	24	Nov 14, 2024	J-GAAP
YoY	+9.0%	-9.6%	-7.1%	-60.7%	-61.1%

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	345.7	24	Nov 14, 2024	J-GAAP
YoY	+5.0%	+10.1%	+7.4%	+403.2%	+398.7%

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%