TOHO CHEMICAL INDUSTRY, The Current Fiscal Year Ordinary Profit Revised Upward by 18%, Dividend Revised Upward by 2 yen

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Wed Feb 5, 2025 2:00 pm JST Earnings

4409 TOHO CHEMICAL INDUSTRY COMPANY,LIMITED 【J-GAAP】

Earnings Report

TOHO CHEMICAL INDUSTRY COMPANY,LIMITED <4409> [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) surged 2.9 times that of the same period last year, reaching 1.48 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward 18.1%, from the previous forecast of 1.44 billion yen to 1.7 billion yen (compared to 0.74 billion yen in the previous period), increasing the growth rate from 93.8% to 2.3 times.

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 46.7%, from the previous forecast of 0.55 billion yen to 0.81 billion yen (compared to 0.52 billion yen in the same period of the previous year), increasing the growth rate from 5.3% to 54.4%.

In light of the strong performance, the company has increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 18 yen to 20 yen (compared to 17 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 97.4% from the same period last year, reaching 0.6 billion yen. The operating profit margin improved from 1.9% in the same period last year to 4.3%.

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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	42,069	872	753	522	24.8	63.9	Feb 7, 2023	J-GAAP
Apr - Dec, 2023	37,743	494	520	322	15.3	70.0	Feb 5, 2024	J-GAAP
Apr - Dec, 2024	39,925	1,465	1,487	1,294	61.6	87.5	Feb 5, 2025	J-GAAP
YoY	+5.8%	+196.6%	+186.0%	+301.9%	+301.8%

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	25,860	658	557	343	16.3	18	Nov 6, 2024	J-GAAP
Oct - Mar, 2024 New	26,560	908	817	523	24.9	20	Feb 5, 2025	J-GAAP
Revision Rate	+2.7%	+38.0%	+46.7%	+52.5%	+52.5%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	52,500	1,550	1,440	1,200	57.1	18	Nov 6, 2024	J-GAAP
Mar, 2025 New	53,200	1,800	1,700	1,380	65.6	20	Feb 5, 2025	J-GAAP
Revision Rate	+1.3%	+16.1%	+18.1%	+15.0%	+15.0%

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	25,655	515	529	415	19.8	17	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	26,560	908	817	523	24.9	20	Feb 5, 2025	J-GAAP
YoY	+3.5%	+76.3%	+54.4%	+26.0%	+25.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	55,361	1,384	1,179	977	46.3	15	May 12, 2023	J-GAAP
Mar, 2024	50,596	771	743	546	26.0	17	May 14, 2024	J-GAAP
Mar, 2025 Guidance	53,200	1,800	1,700	1,380	65.6	20	Feb 5, 2025	J-GAAP
YoY	+5.1%	+133.5%	+128.8%	+152.7%	+152.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	12,802	238	306	191	9.1	1.9	Feb 5, 2024	J-GAAP
Jan - Mar, 2024	12,853	277	223	224	10.7	2.2	May 14, 2024	J-GAAP
Apr - Jun, 2024	13,231	410	449	516	24.6	3.1	Aug 5, 2024	J-GAAP
Jul - Sep, 2024	13,409	482	434	341	16.2	3.6	Nov 6, 2024	J-GAAP
Oct - Dec, 2024	13,285	573	604	437	20.8	4.3	Feb 5, 2025	J-GAAP
YoY	+3.8%	+140.8%	+97.4%	+128.8%	+128.7%