Taiyo Kisokogyo, The Current Fiscal Year Ordinary Profit Revised Downward to an Unexpected 24% Decrease

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Fri Dec 13, 2024 3:30 pm JST Earnings

1758 Taiyo Kisokogyo Co.,Ltd. 【J-GAAP】

Earnings Report

Taiyo Kisokogyo Co.,Ltd. <1758> [TSE Std] announced its financial results after the market closed on December 13th (15:30). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending January 2025 (February to October) significantly dropped 85.7% from the same period last year to 70 million yen.

In addition, the full-year ordinary profit has downwardly 54.0%, from the previous forecast of 522 million yen to 240 million yen (compared to 314 million yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 23.6% decrease in profit.

Based on the full-year plan announced by the company after the downward revision, our estimate of the ordinary profit for the August to January period (second half) has downwardly 78.1%, from the previous forecast of 361 million yen to 79 million yen (compared to a loss of 187 million yen in the same period of the previous year).

In the most recent three-month period, from August to October (3Q), the ordinary loss expanded to a loss of 91 million yen (compared to a loss of 11 million yen in the same period last year). The operating profit/loss margin worsened from -1.1% in the same period last year to -3.1%.

Kabutan News

Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Feb - Oct, 2022	10,894	610	712	505	245.6	75.7	Dec 14, 2022	J-GAAP
Feb - Oct, 2023	11,686	429	490	333	169.2	156.1	Dec 14, 2023	J-GAAP
Feb - Oct, 2024	9,688	12	70	59	30.1	29.2	Dec 13, 2024	J-GAAP
YoY	-17.1%	-97.2%	-85.7%	-82.3%	-82.2%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Aug - Jan, 2024 Prev	7,935	341	361	242	121.7	50	Sep 13, 2024	J-GAAP
Aug - Jan, 2024 New	6,635	51	79	112	56.3	50	Dec 13, 2024	J-GAAP
Revision Rate	-16.4%	-85.0%	-78.1%	-53.7%	-53.7%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan, 2025 Prev	14,500	450	522	350	176.0	50	Mar 14, 2024	J-GAAP
Jan, 2025 New	13,200	160	240	220	110.6	50	Dec 13, 2024	J-GAAP
Revision Rate	-9.0%	-64.4%	-54.0%	-37.1%	-37.1%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Aug - Jan, 2023	6,368	-241	-187	-134	-68.2	35	Mar 14, 2024	J-GAAP
Aug - Jan, 2024 Guidance	6,635	51	79	112	56.3	50	Dec 13, 2024	J-GAAP
YoY	+4.2%	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan, 2023	14,709	797	941	613	296.6	33.33	Mar 14, 2023	J-GAAP
Jan, 2024	14,571	225	314	212	108.0	35	Mar 14, 2024	J-GAAP
Jan, 2025 Guidance	13,200	160	240	220	110.6	50	Dec 13, 2024	J-GAAP
YoY	-9.4%	-28.9%	-23.6%	+3.8%	+2.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Aug - Oct, 2023	3,483	-37	-11	-13	-6.6	-1.1	Dec 14, 2023	J-GAAP
Nov - Jan, 2023	2,885	-204	-176	-121	-61.6	-7.1	Mar 14, 2024	J-GAAP
Feb - Apr, 2024	3,274	-39	-33	-24	-12.4	-1.2	Jun 13, 2024	J-GAAP
May - Jul, 2024	3,291	148	194	132	66.4	4.5	Sep 13, 2024	J-GAAP
Aug - Oct, 2024	3,123	-97	-91	-49	-25.0	-3.1	Dec 13, 2024	J-GAAP
YoY	-10.3%	-162.2%	-727.3%	-276.9%	-278.2%