TOYO ASANO FOUNDATION, Mar-Nov (Cumulative 3Q) Ordinary Profit Decreases by 62%, Sep-Nov Ordinary Profit Turns to Loss

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Fri Jan 10, 2025 3:30 pm JST Earnings

5271 TOYO ASANO FOUNDATION CO.,LTD. 【J-GAAP】

Earnings Report

TOYO ASANO FOUNDATION CO.,LTD. <5271> [TSE Std] announced its financial results after the market closed on January 10th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending February 2025 (March to November) significantly dropped 61.6% from the same period last year to 302 million yen. The progress rate toward the full-year plan of 560 million yen was 53.9%, also falling below the five-year average of 89.3%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the December to February period (4Q) is expected to surge 2.1 times that of the same period last year, reaching 258 million yen.

In the most recent three-month period, from September to November (3Q), the consolidated ordinary profit/loss turned to a loss of 21 million yen (compared to a profit of 225 million yen in the same period last year). The operating profit/loss margin drastically worsened from 4.8% in the same period last year to -0.3%.

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
Mar - Nov, 2022	13,898	283	267	132	102.3	129.6	Jan 13, 2023	J-GAAP
Mar - Nov, 2023	12,000	788	787	482	372.4	86.4	Jan 12, 2024	J-GAAP
Mar - Nov, 2024	11,281	296	302	162	125.6	53.9	Jan 10, 2025	J-GAAP
YoY	-6.0%	-62.4%	-61.6%	-66.4%	-66.3%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep - Feb, 2023	7,655	355	349	265	204.7	40	Apr 12, 2024	J-GAAP
Sep - Feb, 2024 Guidance	9,520	301	237	160	123.5	40	Oct 4, 2024	J-GAAP
YoY	+24.4%	-15.2%	-32.1%	-39.6%	-39.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	18,259	228	206	-191	-147.6	50	Apr 7, 2023	J-GAAP
Feb, 2024	15,067	922	911	603	465.9	75	Apr 12, 2024	J-GAAP
Feb, 2025 Guidance	16,500	610	560	340	262.4	75	Apr 12, 2024	J-GAAP
YoY	+9.5%	-33.8%	-38.5%	-43.6%	-43.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Sep - Nov, 2023	4,588	221	225	144	111.3	4.8	Jan 12, 2024	J-GAAP
Dec - Feb, 2023	3,067	134	124	121	93.5	4.4	Apr 12, 2024	J-GAAP
Mar - May, 2024	4,426	279	275	154	119.5	6.3	Jul 12, 2024	J-GAAP
Jun - Aug, 2024	2,554	30	48	26	20.1	1.2	Oct 11, 2024	J-GAAP
Sep - Nov, 2024	4,301	-13	-21	-18	-14.0	-0.3	Jan 10, 2025	J-GAAP
YoY	-6.3%	－	－	－	－