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TOSEI CORPORATION, The Current Fiscal Year Net Income Revised Upward by 1%, Adds to Record High Profit Forecast, Dividend Revised Upward by 2 yen

Mon Nov 25, 2024 2:30 pm JST Revision

8923 TOSEI CORPORATION 【IFRS】

Guidance Update Report

TOSEI CORPORATION <8923> [TSE-P] announced a revision to its performance and dividend in the afternoon session on November 25th (14:30). The consolidated net income for the fiscal year ending November 2024 has been revised upward by 1.3%, from the previous forecast of 11.7 billion yen to 11.8 billion yen (compared to 10.5 billion yen in the previous period), increasing the growth rate from 11.6% to 13.0%, further surpassing the previous forecast of record-high profits for three consecutive terms.

Based on the upwardly revised full-year plan announced by the company, our calculation indicates that the June to November period (second half) consolidated net income has been revised upward by 8.9%, from the previous forecast of 1.66 billion yen to 1.81 billion yen (compared to 2.34 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 28.9% to 22.6%.

In light of the strong performance, the company has increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 77 yen to 79 yen (compared to 66 yen in the previous period).

Kabutan News

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun - Nov, 2024 Prev 24,303 3,286 2,628 1,665 34.4 77 Oct 7, 2024 IFRS
Jun - Nov, 2024 New 24,579 3,538 2,855 1,814 37.4 79 Nov 25, 2024 IFRS
Revision Rate +1.1% +7.7% +8.6% +8.9% +8.9%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Nov, 2024 Prev 81,921 18,187 17,000 11,723 241.9 77 Oct 7, 2024 IFRS
Nov, 2024 New 82,197 18,439 17,227 11,872 245.0 79 Nov 25, 2024 IFRS
Revision Rate +0.3% +1.4% +1.3% +1.3% +1.3%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun - Nov, 2023 26,585 3,738 3,238 2,343 49.0 66 Jan 12, 2024 IFRS
Jun - Nov, 2024 Guidance 24,579 3,538 2,855 1,814 37.4 79 Nov 25, 2024 IFRS
YoY -7.5% -5.4% -11.8% -22.6% -23.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Nov, 2022 70,953 13,514 12,753 8,607 181.7 51 Jan 12, 2023 IFRS
Nov, 2023 79,446 16,254 15,310 10,507 219.7 66 Jan 12, 2024 IFRS
Nov, 2024 Guidance 82,197 18,439 17,227 11,872 245.0 79 Nov 25, 2024 IFRS
YoY +3.5% +13.4% +12.5% +13.0% +11.5%

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