TOTO, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 21%, Oct-Dec Ordinary Profit Increases by 55%

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Fri Jan 31, 2025 3:30 pm JST Earnings

5332 TOTO LTD. 【J-GAAP】

Earnings Report

TOTO LTD. <5332> [TSE Prime] announced its financial results after the market closed on January 31st (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 21.1% from the same period last year, reaching 45.4 billion yen. The progress rate toward the full-year plan of 48 billion yen was 94.8%, also surpassing the five-year average of 78.7%.

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 January to March period (4Q) is expected to significant drop 82.0% from the same period last year to 2.5 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 55.2% from the same period last year, reaching 22.8 billion yen. However, the operating profit margin remained almost flat, changing from 9.5% in the same period last year to 9.3%.

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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	527,143	43,594	47,463	36,270	213.9	86.7	Jan 31, 2023	J-GAAP
Apr - Dec, 2023	524,765	32,909	37,569	26,494	156.2	72.9	Jan 31, 2024	J-GAAP
Apr - Dec, 2024	542,304	41,506	45,492	36,402	214.6	94.8	Jan 31, 2025	J-GAAP
YoY	+3.3%	+26.1%	+21.1%	+37.4%	+37.4%

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	362,543	27,497	28,654	20,519	121.0	50	Apr 26, 2024	J-GAAP
Oct - Mar, 2024 Guidance	374,265	23,858	25,329	19,051	112.3	50	Oct 28, 2024	J-GAAP
YoY	+3.2%	-13.2%	-11.6%	-7.2%	-7.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	701,187	49,121	54,760	38,943	229.7	100	Apr 28, 2023	J-GAAP
Mar, 2024	702,284	42,766	51,515	37,196	219.3	100	Apr 26, 2024	J-GAAP
Mar, 2025 Guidance	730,000	48,000	48,000	36,000	212.2	100	Oct 28, 2024	J-GAAP
YoY	+3.9%	+12.2%	-6.8%	-3.2%	-3.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	185,024	17,640	14,708	9,817	57.9	9.5	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	177,519	9,857	13,946	10,702	63.1	5.6	Apr 26, 2024	J-GAAP
Apr - Jun, 2024	164,513	9,800	14,382	8,739	51.5	6.0	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	191,222	14,342	8,289	8,210	48.4	7.5	Oct 28, 2024	J-GAAP
Oct - Dec, 2024	186,569	17,364	22,821	19,453	114.7	9.3	Jan 31, 2025	J-GAAP
YoY	+0.8%	-1.6%	+55.2%	+98.2%	+98.1%