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Toyo Seikan Group, The Current Fiscal Year Ordinary Profit Revised Upward by 6%

Thu Feb 6, 2025 4:00 pm JST Earnings

5901 Toyo Seikan Group Holdings, Ltd. 【J-GAAP】

Earnings Report

Toyo Seikan Group Holdings, Ltd. <5901> [TSE Prime] announced its financial results after the market closed on February 6th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 11.7% from the same period last year, reaching 35.6 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward 6.1%, from the previous forecast of 33 billion yen to 35 billion yen (compared to 38.7 billion yen in the previous period), and the declining rate is expected to decrease from 14.8% to 9.7%.

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) has been revised upward 14.3%, from the previous forecast of 13.9 billion yen to 15.9 billion yen (compared to 18 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 22.7% to 11.7%.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 47.6% from the same period last year, reaching 16.6 billion yen. The operating profit margin remained almost flat, changing from 5.0% in the same period last year to 5.3%.

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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 676,466 8,159 16,319 12,379 68.2 118.5 Feb 3, 2023 J-GAAP
Apr - Dec, 2023 713,711 27,059 31,916 24,211 135.5 82.4 Feb 7, 2024 J-GAAP
Apr - Dec, 2024 698,683 30,621 35,655 25,196 148.8 101.9 Feb 6, 2025 J-GAAP
YoY -2.1% +13.2% +11.7% +4.1% +9.8%

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 455,675 11,688 13,989 11,681 72.6 46 Nov 8, 2024 J-GAAP
Oct - Mar, 2024 New 460,675 13,688 15,989 12,681 78.9 46 Feb 6, 2025 J-GAAP
Revision Rate +1.1% +17.1% +14.3% +8.6% +8.6%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 920,000 30,000 33,000 24,000 149.2 91 Nov 8, 2024 J-GAAP
Mar, 2025 New 925,000 32,000 35,000 25,000 155.5 91 Feb 6, 2025 J-GAAP
Revision Rate +0.5% +6.7% +6.1% +4.2% +4.2%

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 478,702 18,934 18,098 8,262 46.6 45 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 460,675 13,688 15,989 12,681 78.9 46 Feb 6, 2025 J-GAAP
YoY -3.8% -27.7% -11.7% +53.5% +69.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 906,025 7,396 13,770 10,363 57.1 89 May 12, 2023 J-GAAP
Mar, 2024 950,663 33,850 38,740 23,083 130.2 90 May 14, 2024 J-GAAP
Mar, 2025 Guidance 925,000 32,000 35,000 25,000 155.5 91 Feb 6, 2025 J-GAAP
YoY -2.7% -5.5% -9.7% +8.3% +19.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 241,750 12,143 11,274 9,390 52.6 5.0 Feb 7, 2024 J-GAAP
Jan - Mar, 2024 236,952 6,791 6,824 -1,128 -6.4 2.9 May 14, 2024 J-GAAP
Apr - Jun, 2024 229,867 13,466 16,480 11,321 65.2 5.9 Aug 2, 2024 J-GAAP
Jul - Sep, 2024 234,458 4,846 2,531 998 5.8 2.1 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 234,358 12,309 16,644 12,877 76.1 5.3 Feb 6, 2025 J-GAAP
YoY -3.1% +1.4% +47.6% +37.1% +44.7%

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