TECHNO RYOWA, The Current Fiscal Year Ordinary Profit Revised Upward by 29%, Raises Record High Profit Forecast

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Wed Feb 5, 2025 2:00 pm JST Earnings

1965 TECHNO RYOWA LTD. 【J-GAAP】

Earnings Report

TECHNO RYOWA LTD. <1965> [TSE Std] announced its financial results in the afternoon session on February 5th (14:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 5.59 billion yen, an increase 63.6% compared to the same period last year.

In addition, the full-year consolidated ordinary profit has been revised upward 28.8%, from the previous forecast of 7.5 billion yen to 9.66 billion yen (compared to 6.37 billion yen in the previous period), increasing the growth rate from 17.7% to 51.6%, further surpassing the previous forecast of record-high profits for two consecutive terms.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) is expected to increase 42.0%, from the previous forecast of 5.13 billion yen to 7.29 billion yen (compared to 4.5 billion yen in the same period of the previous year), increasing the growth rate from 14.1% to 62.0%.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit surged 2.1 times that of the same period last year, reaching 3.23 billion yen. The operating profit margin drastically improved from 7.9% in the same period last year to 13.7%.

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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	42,443	1,718	1,980	1,288	59.2	55.7	Feb 8, 2023	J-GAAP
Apr - Dec, 2023	50,869	2,935	3,419	2,284	105.5	53.6	Feb 7, 2024	J-GAAP
Apr - Dec, 2024	57,070	5,243	5,594	3,895	185.1	57.9	Feb 5, 2025	J-GAAP
YoY	+12.2%	+78.6%	+63.6%	+70.5%	+75.6%

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	47,977	4,985	5,139	3,572	169.8	50	Nov 6, 2024	J-GAAP
Oct - Mar, 2024 New	49,777	7,105	7,299	5,292	251.5	50	Feb 5, 2025	J-GAAP
Revision Rate	+3.8%	+42.5%	+42.0%	+48.2%	+48.2%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	83,000	7,200	7,500	5,250	249.5	100	Sep 27, 2024	J-GAAP
Mar, 2025 New	84,800	9,320	9,660	6,970	331.3	100	Feb 5, 2025	J-GAAP
Revision Rate	+2.2%	+29.4%	+28.8%	+32.8%	+32.8%

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	42,017	4,369	4,505	3,270	152.0	32	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	49,777	7,105	7,299	5,292	251.5	50	Feb 5, 2025	J-GAAP
YoY	+18.5%	+62.6%	+62.0%	+61.8%	+65.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	61,030	3,175	3,557	2,339	107.4	36	May 12, 2023	J-GAAP
Mar, 2024	73,688	5,792	6,374	4,506	209.4	48	May 14, 2024	J-GAAP
Mar, 2025 Guidance	84,800	9,320	9,660	6,970	331.3	100	Feb 5, 2025	J-GAAP
YoY	+15.1%	+60.9%	+51.6%	+54.7%	+58.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	19,198	1,512	1,550	1,048	48.4	7.9	Feb 7, 2024	J-GAAP
Jan - Mar, 2024	22,819	2,857	2,955	2,222	103.3	12.5	May 14, 2024	J-GAAP
Apr - Jun, 2024	16,184	698	879	612	29.1	4.3	Aug 7, 2024	J-GAAP
Jul - Sep, 2024	18,839	1,517	1,482	1,066	50.7	8.1	Nov 6, 2024	J-GAAP
Oct - Dec, 2024	22,047	3,028	3,233	2,217	105.4	13.7	Feb 5, 2025	J-GAAP
YoY	+14.8%	+100.3%	+108.6%	+111.5%	+117.8%