TOKEN, First Half Ordinary Profit Increases by 85%, Current Fiscal Year Dividend Revised Upward by 60 yen

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Thu Dec 12, 2024 3:30 pm JST Earnings

1766 TOKEN CORPORATION 【J-GAAP】

Earnings Report

TOKEN CORPORATION <1766> [TSE Prime] announced its financial results after the market closed on December 12th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending April 2025 (May to October) expanded 10.5 billion yen, an increase 84.7% compared to the same period last year. The progress rate toward the full-year plan of 19.6 billion yen was 53.5%, also surpassing the five-year average of 47.3%.

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 November to April period (second half) is expected to grow 18.4% from the same period last year, reaching 9.14 billion yen.

At the same time, the company has increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 270 yen to 330 yen (compared to 250 yen in the previous period).

In the most recent three-month period, from August to October (2Q), the consolidated ordinary profit increased 96.9% from the same period last year, reaching 5.21 billion yen. The operating profit margin improved from 3.0% in the same period last year to 5.7%.

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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
May - Oct, 2022	155,003	6,014	6,184	4,173	310.4	61.3	Dec 13, 2022	J-GAAP
May - Oct, 2023	166,435	5,553	5,688	3,828	284.8	42.4	Dec 13, 2023	J-GAAP
May - Oct, 2024	178,986	10,295	10,503	6,873	511.3	53.5	Dec 12, 2024	J-GAAP
YoY	+7.5%	+85.4%	+84.7%	+79.5%	+79.5%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
May - Oct, 2024 Guidance	178,986	10,295	10,503	6,873	511.2	0	Dec 10, 2024	J-GAAP
May - Oct, 2024 Results	178,986	10,295	10,503	6,873	511.3	0	Dec 12, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	+0.0%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr, 2025 Prev	364,052	19,239	19,648	13,161	979.0	270	Dec 10, 2024	J-GAAP
Apr, 2025 New	364,052	19,239	19,648	13,161	979.0	330	Dec 12, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	0.0%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Nov - Apr, 2023	174,400	7,484	7,722	5,115	380.5	250	Jun 13, 2024	J-GAAP
Nov - Apr, 2024 Guidance	185,066	8,944	9,145	6,288	467.7	330	Dec 12, 2024	J-GAAP
YoY	+6.1%	+19.5%	+18.4%	+22.9%	+22.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr, 2023	316,849	9,738	10,091	5,239	389.7	250	Jun 13, 2023	J-GAAP
Apr, 2024	340,835	13,037	13,410	8,943	665.2	250	Jun 13, 2024	J-GAAP
Apr, 2025 Guidance	364,052	19,239	19,648	13,161	979.0	330	Dec 12, 2024	J-GAAP
YoY	+6.8%	+47.6%	+46.5%	+47.2%	+47.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Aug - Oct, 2023	84,270	2,557	2,651	1,943	144.6	3.0	Dec 13, 2023	J-GAAP
Nov - Jan, 2023	84,960	2,872	2,972	1,997	148.6	3.4	Mar 13, 2024	J-GAAP
Feb - Apr, 2024	89,440	4,612	4,750	3,118	231.9	5.2	Jun 13, 2024	J-GAAP
May - Jul, 2024	89,012	5,168	5,284	3,519	261.8	5.8	Sep 12, 2024	J-GAAP
Aug - Oct, 2024	89,974	5,127	5,219	3,354	249.5	5.7	Dec 12, 2024	J-GAAP
YoY	+6.8%	+100.5%	+96.9%	+72.6%	+72.6%