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TAIHO KOGYO, The Current Fiscal Year Net Income Loss Widened in Downward Revision

Thu Jan 30, 2025 2:00 pm JST Earnings

6470 TAIHO KOGYO CO.,LTD. 【J-GAAP】

Earnings Report

TAIHO KOGYO CO.,LTD. <6470> [TSE Std] announced its financial results in the afternoon session on January 30th (14:00). The consolidated net income/loss for the cumulative third quarter of the fiscal year ending March 2025 (April to December) turned into a loss of 3.1 billion yen (compared to a profit of 1.78 billion yen in the same period last year).

In addition, the full-year consolidated net income/loss has been revised downward from an expected loss of 2.9 billion yen to a loss of 4 billion yen (compared to a profit of 1.74 billion yen in the previous period), indicating an expansion in the loss margin.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated net income/loss for the October to March period (2H) has been revised downward from an expected profit of 0.46 billion yen to a loss of 0.63 billion yen (compared to a profit of 0.67 billion yen in the same period of the previous year), turning to a loss outlook.

In the most recent three-month period, from October to December (3Q), the consolidated net income significantly dropped to 0.26 billion yen, a 63.6% decrease compared to the same period last year. The operating profit margin worsened from 3.8% in the same period last year to 1.3%.

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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
Apr - Dec, 2022 77,522 286 792 350 12.2 65.4 Feb 2, 2023 J-GAAP
Apr - Dec, 2023 84,684 1,973 2,543 1,788 62.0 78.6 Feb 1, 2024 J-GAAP
Apr - Dec, 2024 83,367 2 381 -3,103 -107.5 63.5 Jan 30, 2025 J-GAAP
YoY -1.6% -99.9% -85.0% － －

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Prev 57,813 969 918 463 16.4 10 Oct 30, 2024 J-GAAP
Oct - Mar, 2024 New 57,813 569 918 -637 -22.5 10 Jan 30, 2025 J-GAAP
Revision Rate 0.0% -41.3% 0.0% － －

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 112,500 600 600 -2,900 -102.4 20 Oct 30, 2024 J-GAAP
Mar, 2025 New 112,500 200 600 -4,000 -141.3 20 Jan 30, 2025 J-GAAP
Revision Rate 0.0% -66.7% 0.0% -37.9% -37.9%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2023 56,486 1,610 1,666 674 23.4 10 Apr 25, 2024 J-GAAP
Oct - Mar, 2024 Guidance 57,813 569 918 -637 -22.5 10 Jan 30, 2025 J-GAAP
YoY +2.3% -64.7% -44.9% － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 105,161 694 1,211 399 13.9 20 Apr 26, 2023 J-GAAP
Mar, 2024 112,044 2,489 3,236 1,747 60.6 20 Apr 25, 2024 J-GAAP
Mar, 2025 Guidance 112,500 200 600 -4,000 -141.3 20 Jan 30, 2025 J-GAAP
YoY +0.4% -92.0% -81.5% － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 29,126 1,094 973 715 24.8 3.8 Feb 1, 2024 J-GAAP
Jan - Mar, 2024 27,360 516 693 -41 -1.4 1.9 Apr 25, 2024 J-GAAP
Apr - Jun, 2024 26,762 -84 305 222 7.7 -0.3 Jul 30, 2024 J-GAAP
Jul - Sep, 2024 27,925 -285 -623 -3,585 -124.0 -1.0 Oct 30, 2024 J-GAAP
Oct - Dec, 2024 28,680 371 699 260 9.0 1.3 Jan 30, 2025 J-GAAP
YoY -1.5% -66.1% -28.2% -63.6% -63.7%

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