TOHO, Mar-Nov (Cumulative 3Q) Ordinary Profit Increases by 17%, Sep-Nov Ordinary Profit Increases by 4%

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Tue Jan 14, 2025 3:30 pm JST Earnings

9602 TOHO CO., LTD. 【J-GAAP】

Earnings Report

TOHO CO., LTD. <9602> [TSE Prime] announced its financial results after the market closed on January 14th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending February 2025 (March to November) increased 16.7% from the same period last year, reaching 51.5 billion yen. The progress rate toward the full-year plan of 60 billion yen was 85.9%, also surpassing the five-year average of 76.3%.

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 significant drop 55.2% from the same period last year to 8.44 billion yen.

In the most recent three-month period, from September to November (3Q), the consolidated ordinary profit grew 4.2% from the same period last year, reaching 11.7 billion yen. However, the operating profit margin decreased from 17.1% in the same period last year to 16.9%.

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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
Mar - Nov, 2022	179,738	35,867	40,913	27,138	154.3	85.6	Jan 12, 2023	J-GAAP
Mar - Nov, 2023	203,100	41,610	44,182	28,402	162.7	70.1	Jan 15, 2024	J-GAAP
Mar - Nov, 2024	234,169	52,801	51,552	34,141	200.4	85.9	Jan 14, 2025	J-GAAP
YoY	+15.3%	+26.9%	+16.7%	+20.2%	+23.2%

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	143,705	28,499	30,143	23,532	134.9	65	Apr 15, 2024	J-GAAP
Sep - Feb, 2024 Guidance	133,319	21,085	20,219	13,515	79.7	35	Oct 15, 2024	J-GAAP
YoY	-7.2%	-26.0%	-32.9%	-42.6%	-40.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	244,295	44,880	47,815	33,430	190.4	60	Apr 13, 2023	J-GAAP
Feb, 2024	283,347	59,251	63,024	45,283	259.5	85	Apr 15, 2024	J-GAAP
Feb, 2025 Guidance	297,000	62,000	60,000	40,000	235.9	70	Oct 15, 2024	J-GAAP
YoY	+4.8%	+4.6%	-4.8%	-11.7%	-9.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Sep - Nov, 2023	63,458	10,858	11,301	6,651	38.1	17.1	Jan 15, 2024	J-GAAP
Dec - Feb, 2023	80,247	17,641	18,842	16,881	96.7	22.0	Apr 15, 2024	J-GAAP
Mar - May, 2024	85,976	24,576	23,351	16,149	94.1	28.6	Jul 16, 2024	J-GAAP
Jun - Aug, 2024	77,705	16,339	16,430	10,336	60.5	21.0	Oct 15, 2024	J-GAAP
Sep - Nov, 2024	70,488	11,886	11,771	7,656	44.9	16.9	Jan 14, 2025	J-GAAP
YoY	+11.1%	+9.5%	+4.2%	+15.1%	+17.9%