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

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%

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