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TOMITA ELECTRIC, Feb-Oct (Third Quarter Cumulative) Ordinary Profit Loss Widens, Aug-Oct Ordinary Profit Loss Widens

Fri Dec 13, 2024 4:00 pm JST Earnings

6898 TOMITA ELECTRIC CO.,LTD. 【J-GAAP】

Earnings Report

TOMITA ELECTRIC CO.,LTD. <6898> [TSE Std] announced its financial results after the market closed on December 13th (16:00). The consolidated ordinary loss for the cumulative third quarter of the fiscal year ending January 2025 (February to October) expanded to a loss of 121 million yen (compared to a loss of 31 million yen in the same period last year).

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the November to January period (4Q) is expected to turn into a loss of 50 million yen (compared to a profit of 8 million yen in the same period last year).

In the most recent three-month period, from August to October (3Q), the consolidated ordinary loss expanded to a loss of 52 million yen (compared to a loss of 31 million yen in the same period last year). The operating profit/loss margin drastically worsened from -9.7% in the same period last year to -13.1%.

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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 1,617 188 175 110 166.9 125.9 Dec 8, 2022 J-GAAP
Feb - Oct, 2023 1,161 -27 -31 -36 -52.0 ー Dec 8, 2023 J-GAAP
Feb - Oct, 2024 1,026 -118 -121 -125 -163.3 ー Dec 13, 2024 J-GAAP
YoY -11.6% -337.0% -290.3% -247.2% -213.8%

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 682 -34 -23 -42 -60.4 0 Mar 15, 2024 J-GAAP
Aug - Jan, 2024 Guidance 686 -83 -102 -103 -131.9 0 Dec 6, 2024 J-GAAP
YoY +0.6% -144.1% -343.5% -145.2% -118.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan, 2023 2,004 143 139 95 144.7 0 Mar 15, 2023 J-GAAP
Jan, 2024 1,492 -27 -23 -33 -47.5 0 Mar 15, 2024 J-GAAP
Jan, 2025 Guidance 1,407 -161 -171 -176 -225.3 0 Dec 6, 2024 J-GAAP
YoY -5.7% -496.3% -643.5% -433.3% -374.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Aug - Oct, 2023 351 -34 -31 -45 -65.0 -9.7 Dec 8, 2023 J-GAAP
Nov - Jan, 2023 331 0 8 3 4.3 0.0 Mar 15, 2024 J-GAAP
Feb - Apr, 2024 322 -30 -27 -28 -37.4 -9.3 Jun 7, 2024 J-GAAP
May - Jul, 2024 399 -48 -42 -45 -58.9 -12.0 Sep 9, 2024 J-GAAP
Aug - Oct, 2024 305 -40 -52 -52 -67.9 -13.1 Dec 13, 2024 J-GAAP
YoY -13.1% -17.6% -67.7% -15.6% -4.4%

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