TOKYO SANGYO CO.,LTD., First Half Ordinary Profit Turns to Profit, July-September Ordinary Profit Turns to Profit

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Thu Nov 14, 2024 3:30 pm JST Earnings

8070 TOKYO SANGYO CO.,LTD. 【J-GAAP】

Earnings Report

TOKYO SANGYO CO.,LTD. <8070> [TSE-P] announced its financial results after the market closed on November 14th (15:30). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a profit of 1.08 billion yen (compared to a loss of 2.34 billion yen in the same period last year). The progress rate against the 2 billion yen full-year plan was 54.2%, almost the same as the five-year average of 53.6%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the October to March period (second half) is expected to turn into a profit of 916 million yen (compared to a loss of 1.74 billion yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a profit of profit of 432 million yen (compared to a loss of 3.24 billion yen in the same period last year). The operating profit/loss margin drastically improved from -18.5% in the same period last year to 3.8%.

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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	35,531	-626	-273	-320	-12.4	ー	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	31,377	-2,739	-2,348	-3,025	-116.6	ー	Jan 15, 2024	J-GAAP
Apr - Sep, 2024	41,239	1,013	1,084	609	23.4	54.2	Nov 14, 2024	J-GAAP
YoY	+31.4%	－	－	－	－

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	41,000	1,000	1,000	600	23.0	18	Nov 11, 2024	J-GAAP
Apr - Sep, 2024 Results	41,239	1,013	1,084	609	23.4	18	Nov 14, 2024	J-GAAP
Revision Rate	+0.6%	+1.3%	+8.4%	+1.5%	+1.6%

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	33,652	-1,801	-1,740	1,441	55.5	18	Jun 18, 2024	J-GAAP
Oct - Mar, 2024 Guidance	31,761	587	916	2,491	95.6	18	Nov 14, 2024	J-GAAP
YoY	-5.6%	－	－	+72.9%	+72.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	65,447	723	968	-4,960	-191.2	30	May 12, 2023	J-GAAP
Mar, 2024	65,029	-4,540	-4,088	-1,584	-61.0	36	Jun 18, 2024	J-GAAP
Mar, 2025 Guidance	73,000	1,600	2,000	3,100	119.0	36	Nov 11, 2024	J-GAAP
YoY	+12.3%	－	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	17,514	-3,239	-3,247	-3,736	-144.0	-18.5	Jan 15, 2024	J-GAAP
Oct - Dec, 2023	16,826	-784	-833	-1,524	-58.7	-4.7	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	16,826	-1,017	-907	2,965	114.1	-6.0	Jun 18, 2024	J-GAAP
Apr - Jun, 2024	22,470	299	652	469	18.0	1.3	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	18,769	714	432	140	5.4	3.8	Nov 14, 2024	J-GAAP
YoY	+7.2%	－	－	－	－