TOSEI, 7% Increase in Net Income, Update Record High for Fourth Consecutive Term, Dividend Raised by 10 yen

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Fri Jan 10, 2025 3:00 pm JST Earnings

8923 TOSEI CORPORATION 【IFRS】

Earnings Report

TOSEI CORPORATION <8923> [TSE Prime] announced its financial results (based on IFRS) in the afternoon session on January 10th (15:00). The consolidated net income for the fiscal year ending November 2024 increased 14.1% from the previous period to 11.9 billion yen. In the fiscal year ending November 2025, the profit is expected to grow by 6.9% to 12.8 billion yen, marking the fourth consecutive term of record-high profits. This will be the fourth consecutive term of revenue and the fifth consecutive term of profit growth.

At the same time, the company has decided to increase the dividend this fiscal year to 89 yen, an increase of 10 yen from the previous fiscal year.

In the most recent three-month period, from September to November (4Q), the consolidated net income dropped to 0.75 billion yen, a 34.3% decrease compared to the same period last year. The operating profit margin decreased from 14.2% in the same period last year to 11.2%.

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Actual Results

Historical Performance

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	82,191	18,488	17,364	11,985	247.4	79	Jan 10, 2025	IFRS
YoY	+3.5%	+13.7%	+13.4%	+14.1%	+12.6%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Nov, 2024 Guidance	82,197	18,439	17,227	11,872	245.0	79	Nov 25, 2024	IFRS
Nov, 2024 Results	82,191	18,488	17,364	11,985	247.4	79	Jan 10, 2025	IFRS
Revision Rate	0.0%	+0.3%	+0.8%	+1.0%	+1.0%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec - May, 2023	57,618	14,901	14,372	10,058	207.8	0	Jul 5, 2024	IFRS
Dec - May, 2024 Guidance	ー	ー	ー	ー	－	0	Jan 10, 2025	IFRS
YoY	－	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Nov, 2023	79,446	16,254	15,310	10,507	219.7	66	Jan 12, 2024	IFRS
Nov, 2024	82,191	18,488	17,364	11,985	247.4	79	Jan 10, 2025	IFRS
Nov, 2025 Guidance	102,078	20,639	18,800	12,806	264.3	89	Jan 10, 2025	IFRS
YoY	+24.2%	+11.6%	+8.3%	+6.9%	+6.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Sep - Nov, 2023	12,736	1,805	1,631	1,143	23.9	14.2	Jan 12, 2024	IFRS
Dec - Feb, 2023	34,868	9,585	9,191	6,435	133.0	27.5	Apr 5, 2024	IFRS
Mar - May, 2024	22,750	5,316	5,181	3,623	74.8	23.4	Jul 5, 2024	IFRS
Jun - Aug, 2024	11,801	2,154	1,718	1,176	24.3	18.3	Oct 7, 2024	IFRS
Sep - Nov, 2024	12,772	1,433	1,274	751	15.5	11.2	Jan 10, 2025	IFRS
YoY	+0.3%	-20.6%	-21.9%	-34.3%	-35.1%