TOMITA CO.LTD., First Half Ordinary Profit Decreases by 23%, July-September Ordinary Profit Decreases by 50%

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Thu Nov 14, 2024 1:00 pm JST Earnings

8147 TOMITA CO.LTD. 【J-GAAP】

Earnings Report

TOMITA CO.LTD. <8147> [TSE-S] announced its financial results in the afternoon session on November 14th (13:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 23.2% from the same period last year to 374 million yen. The progress rate against the 900 million yen full-year plan was 41.6%, also falling below the five-year average of 50.6%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to expand by 31.8% from the same period last year, reaching 526 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 121 million yen, a 49.8% decrease compared to the same period last year. However, the operating profit margin improved from 3.8% in the same period last year to 4.4%.

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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	8,837	178	302	221	42.7	44.5	Nov 14, 2022	J-GAAP
Apr - Sep, 2023	10,321	303	487	296	57.2	55.0	Nov 13, 2023	J-GAAP
Apr - Sep, 2024	9,649	345	374	257	49.7	41.6	Nov 14, 2024	J-GAAP
YoY	-6.5%	+13.9%	-23.2%	-13.2%	-13.1%

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	10,500	330	380	250	48.2	0	May 13, 2024	J-GAAP
Apr - Sep, 2024 Results	9,649	345	374	257	49.7	0	Nov 14, 2024	J-GAAP
Revision Rate	-8.1%	+4.5%	-1.6%	+2.8%	+3.1%

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	10,992	304	399	265	51.1	20	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	12,951	455	526	313	60.4	20	Nov 14, 2024	J-GAAP
YoY	+17.8%	+49.7%	+31.8%	+18.1%	+18.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	20,195	556	679	462	89.3	18	May 15, 2023	J-GAAP
Mar, 2024	21,313	607	886	561	108.2	20	May 13, 2024	J-GAAP
Mar, 2025 Guidance	22,600	800	900	570	109.9	20	May 13, 2024	J-GAAP
YoY	+6.0%	+31.8%	+1.6%	+1.6%	+1.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	5,487	211	241	143	27.6	3.8	Nov 13, 2023	J-GAAP
Oct - Dec, 2023	4,873	195	193	125	24.1	4.0	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	6,119	109	206	140	27.0	1.8	May 13, 2024	J-GAAP
Apr - Jun, 2024	4,522	119	253	185	35.7	2.6	Aug 13, 2024	J-GAAP
Jul - Sep, 2024	5,127	226	121	72	13.9	4.4	Nov 14, 2024	J-GAAP
YoY	-6.6%	+7.1%	-49.8%	-49.7%	-49.6%