TOSHIBA TEC, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 74%

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Thu Feb 6, 2025 3:30 pm JST Earnings

6588 TOSHIBA TEC CORPORATION 【J-GAAP】

Earnings Report

TOSHIBA TEC CORPORATION <6588> [TSE Prime] announced its financial results after the market closed on February 6th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 11.1 billion yen, an increase 74.2% compared to the same period last year. The progress rate toward the full-year plan of 15 billion yen was 74.5%, exceeding the five-year average of 71.2%.

Based on the cumulative third-quarter performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to decrease 16.6% from the same period last year to 3.83 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 2.65 billion yen, a 3.3% decrease compared to the same period last year. The operating profit margin worsened from 2.7% in the same period last year to 1.7%.

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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	374,470	11,804	9,937	-2,005	-36.2	75.6	Feb 6, 2023	J-GAAP
Apr - Dec, 2023	396,719	9,463	6,412	-14,716	-270.0	58.3	Feb 7, 2024	J-GAAP
Apr - Dec, 2024	425,517	11,767	11,169	27,185	513.5	74.5	Feb 6, 2025	J-GAAP
YoY	+7.3%	+24.3%	+74.2%	－	－

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	275,828	8,527	6,488	-2,608	-49.3	25	Nov 8, 2024	J-GAAP
Oct - Mar, 2024 New	282,828	8,527	6,488	-2,608	-49.3	25	Feb 6, 2025	J-GAAP
Revision Rate	+2.5%	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	565,000	18,000	15,000	24,000	453.2	45	Nov 8, 2024	J-GAAP
Mar, 2025 New	572,000	18,000	15,000	24,000	453.2	45	Feb 6, 2025	J-GAAP
Revision Rate	+1.2%	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	284,489	9,944	7,341	-8,870	-163.9	25	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	282,828	8,527	6,488	-2,608	-49.3	25	Feb 6, 2025	J-GAAP
YoY	-0.6%	-14.2%	-11.6%	+70.6%	+69.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	510,767	16,078	13,149	-13,745	-248.4	40	May 11, 2023	J-GAAP
Mar, 2024	548,135	15,854	11,004	-6,707	-123.9	45	May 10, 2024	J-GAAP
Mar, 2025 Guidance	572,000	18,000	15,000	24,000	453.2	45	Feb 6, 2025	J-GAAP
YoY	+4.4%	+13.5%	+36.3%	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	133,073	3,553	2,749	-16,879	-309.6	2.7	Feb 7, 2024	J-GAAP
Jan - Mar, 2024	151,416	6,391	4,592	8,009	148.0	4.2	May 10, 2024	J-GAAP
Apr - Jun, 2024	140,169	4,276	4,620	3,442	65.0	3.1	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	149,003	5,197	3,892	23,166	437.6	3.5	Nov 8, 2024	J-GAAP
Oct - Dec, 2024	136,345	2,294	2,657	577	10.9	1.7	Feb 6, 2025	J-GAAP
YoY	+2.5%	-35.4%	-3.3%	－	－