TOYOTA BOSHOKU, Oct-Dec (3Q) Net Income Increases by 12%

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Fri Jan 31, 2025 2:00 pm JST Earnings

3116 TOYOTA BOSHOKU CORPORATION 【IFRS】

Earnings Report

TOYOTA BOSHOKU CORPORATION <3116> [TSE Prime] announced its financial results (based on IFRS) in the afternoon session on January 31st (14:00). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2025 (April to December) dropped 32.8% from the same period last year to 28.2 billion yen. The progress rate toward the full-year plan of 43 billion yen was 65.8%, which was higher than the five-year average of 61.2%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the January to March period (4Q) is expected to decrease 6.7% from the same period last year to 14.7 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated net income grew 12.3% from the same period last year, reaching 14.7 billion yen. However, the operating profit margin worsened from 5.3% in the same period last year to 3.6%.

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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	1,169,170	28,631	33,101	8,770	46.9	63.3	Feb 3, 2023	IFRS
Apr - Dec, 2023	1,471,179	76,723	79,372	42,112	225.4	90.8	Feb 2, 2024	IFRS
Apr - Dec, 2024	1,446,699	52,021	55,243	28,283	158.4	80.1	Jan 31, 2025	IFRS
YoY	-1.7%	-32.2%	-30.4%	-32.8%	-29.7%

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	989,567	29,038	32,324	28,937	155.8	43	Apr 26, 2024	IFRS
Oct - Mar, 2024 Guidance	921,835	34,163	36,074	29,494	165.1	43	Oct 31, 2024	IFRS
YoY	-6.8%	+17.6%	+11.6%	+1.9%	+5.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	1,604,036	47,672	52,291	14,679	78.6	70	Apr 27, 2023	IFRS
Mar, 2024	1,953,625	78,636	87,372	57,885	311.7	86	Apr 26, 2024	IFRS
Mar, 2025 Guidance	1,870,000	68,000	69,000	43,000	240.7	86	Oct 31, 2024	IFRS
YoY	-4.3%	-13.5%	-21.0%	-25.7%	-22.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	507,121	27,125	24,324	13,164	70.5	5.3	Feb 2, 2024	IFRS
Jan - Mar, 2024	482,446	1,913	8,000	15,773	85.0	0.4	Apr 26, 2024	IFRS
Apr - Jun, 2024	488,000	16,698	19,405	8,696	48.7	3.4	Jul 31, 2024	IFRS
Jul - Sep, 2024	460,165	17,139	13,521	4,810	27.0	3.7	Oct 31, 2024	IFRS
Oct - Dec, 2024	498,534	18,184	22,317	14,777	82.8	3.6	Jan 31, 2025	IFRS
YoY	-1.7%	-33.0%	-8.3%	+12.3%	+17.5%