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

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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%