TOA ROAD, Oct-Dec (3Q) Ordinary Profit Increases by 71%, Current Fiscal Year Dividend Revised Upward by 33 yen

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Thu Feb 6, 2025 2:30 pm JST Earnings

1882 TOA ROAD CORPORATION 【J-GAAP】

Earnings Report

TOA ROAD CORPORATION <1882> [TSE Prime] announced its financial results in the afternoon session on February 6th (14:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 29.1% from the same period last year, reaching 3.21 billion yen. The progress rate toward the full-year plan of 6.1 billion yen was 52.7%, exceeding the five-year average of 41.9%.

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 decrease 10.4% from the same period last year to 2.88 billion yen.

At the same time, the company has significantly increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 52 yen to 85 yen (compared to 210 yen before the 5-for-1 forward stock split in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 70.9% from the same period last year, reaching 2.89 billion yen. The operating profit margin improved from 5.1% in the same period last year to 7.7%.

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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	84,071	1,567	1,732	1,018	21.5	34.9	Feb 10, 2023	J-GAAP
Apr - Dec, 2023	83,316	2,299	2,491	1,554	32.7	43.6	Feb 9, 2024	J-GAAP
Apr - Dec, 2024	90,541	3,009	3,217	2,813	60.8	52.7	Feb 6, 2025	J-GAAP
YoY	+8.7%	+30.9%	+29.1%	+81.0%	+86.1%

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	72,119	5,823	5,779	3,298	71.3	52	Nov 8, 2024	J-GAAP
Oct - Mar, 2024 New	72,119	5,823	5,779	3,298	71.3	85	Feb 6, 2025	J-GAAP
Revision Rate	0.0%	0.0%	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	126,000	6,000	6,100	3,900	84.3	52	Aug 2, 2024	J-GAAP
Mar, 2025 New	126,000	6,000	6,100	3,900	84.3	85	Feb 6, 2025	J-GAAP
Revision Rate	0.0%	0.0%	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	67,236	4,844	4,911	3,306	69.7	42	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	72,119	5,823	5,779	3,298	71.3	85	Feb 6, 2025	J-GAAP
YoY	+7.3%	+20.2%	+17.7%	-0.2%	+2.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	118,721	4,736	4,957	3,160	66.7	18	May 12, 2023	J-GAAP
Mar, 2024	118,060	5,473	5,707	3,793	79.9	42	May 10, 2024	J-GAAP
Mar, 2025 Guidance	126,000	6,000	6,100	3,900	84.3	85	Feb 6, 2025	J-GAAP
YoY	+6.7%	+9.6%	+6.9%	+2.8%	+5.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	32,492	1,670	1,695	1,067	22.4	5.1	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	34,744	3,174	3,216	2,239	47.2	9.1	May 10, 2024	J-GAAP
Apr - Jun, 2024	23,300	-803	-691	-439	-9.5	-3.4	Aug 2, 2024	J-GAAP
Jul - Sep, 2024	30,581	980	1,012	1,041	22.6	3.2	Nov 8, 2024	J-GAAP
Oct - Dec, 2024	36,660	2,832	2,896	2,211	47.8	7.7	Feb 6, 2025	J-GAAP
YoY	+12.8%	+69.6%	+70.9%	+107.2%	+113.1%