Tokuyama, The Current Fiscal Year Operating Profit Revised Downward by 6%

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Fri Jan 31, 2025 9:00 am JST Earnings

4043 Tokuyama Corporation 【J-GAAP】

Earnings Report

Tokuyama Corporation <4043> [TSE Prime] announced its financial results in the morning on January 31st (09:00). The consolidated operating profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 24.4% from the same period last year, reaching 21 billion yen.

However, the full-year consolidated operating profit has decreased 6.1%, from the previous forecast of 33 billion yen to 31 billion yen (compared to 25.6 billion yen in the previous period), leading to a reduction in the profit growth rate from 28.7% to 20.9%.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated operating profit for the October to March period (2H) has decreased 10.5%, from the previous forecast of 19 billion yen to 17 billion yen (compared to 17 billion yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 0.1% decrease in profit.

In the most recent three-month period, from October to December (3Q), the consolidated operating profit decreased to 7.11 billion yen, a 14.9% decrease compared to the same period last year. The operating profit margin worsened from 9.9% in the same period last year to 8.1%.

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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	259,010	13,161	13,313	8,526	118.5	90.1	Jan 31, 2023	J-GAAP
Apr - Dec, 2023	250,255	16,937	16,980	11,907	165.5	64.6	Jan 31, 2024	J-GAAP
Apr - Dec, 2024	253,387	21,071	21,980	16,918	235.2	70.9	Jan 31, 2025	J-GAAP
YoY	+1.3%	+24.4%	+29.4%	+42.1%	+42.1%

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	186,462	19,042	17,394	13,359	185.7	50	Oct 29, 2024	J-GAAP
Oct - Mar, 2024 New	182,462	17,042	17,394	13,359	185.7	50	Jan 31, 2025	J-GAAP
Revision Rate	-2.1%	-10.5%	0.0%	0.0%	0.0%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	352,000	33,000	31,000	25,000	347.5	100	Apr 26, 2024	J-GAAP
Mar, 2025 New	348,000	31,000	31,000	25,000	347.5	100	Jan 31, 2025	J-GAAP
Revision Rate	-1.1%	-6.1%	0.0%	0.0%	0.0%

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	175,885	17,061	17,330	11,523	160.2	45	Apr 26, 2024	J-GAAP
Oct - Mar, 2024 Guidance	182,462	17,042	17,394	13,359	185.7	50	Jan 31, 2025	J-GAAP
YoY	+3.7%	-0.1%	+0.4%	+15.9%	+15.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	351,790	14,336	14,783	9,364	130.2	70	Apr 28, 2023	J-GAAP
Mar, 2024	341,990	25,637	26,292	17,751	246.7	80	Apr 26, 2024	J-GAAP
Mar, 2025 Guidance	348,000	31,000	31,000	25,000	347.5	100	Jan 31, 2025	J-GAAP
YoY	+1.8%	+20.9%	+17.9%	+40.8%	+40.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	84,150	8,361	8,018	5,679	78.9	9.9	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	91,735	8,700	9,312	5,844	81.2	9.5	Apr 26, 2024	J-GAAP
Apr - Jun, 2024	82,524	7,502	8,424	7,402	102.9	9.1	Jul 26, 2024	J-GAAP
Jul - Sep, 2024	83,014	6,456	5,182	4,239	58.9	7.8	Oct 29, 2024	J-GAAP
Oct - Dec, 2024	87,849	7,113	8,374	5,277	73.4	8.1	Jan 31, 2025	J-GAAP
YoY	+4.4%	-14.9%	+4.4%	-7.1%	-7.1%