TOHO TITANIUM, The Current Fiscal Year Operating Profit Revised Downward to an Unexpected 6% Decrease

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Fri Feb 7, 2025 1:00 pm JST Earnings

5727 TOHO TITANIUM COMPANY LIMITED 【J-GAAP】

Earnings Report

TOHO TITANIUM COMPANY LIMITED <5727> [TSE Prime] announced its financial results in the afternoon session on February 7th (13:00). The consolidated operating profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 14.6% from the same period last year, reaching 4.44 billion yen.

However, the full-year consolidated operating profit has decreased 7.0%, from the previous forecast of 5.7 billion yen to 5.3 billion yen (compared to 5.62 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 5.8% decrease in profit.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated operating profit for the October to March period (2H) has decreased 12.2%, from the previous forecast of 3.28 billion yen to 2.88 billion yen (compared to 3.28 billion yen in the same period of the previous year), leading to an increase in the profit decline rate from 0.000% to 12.2%.

In the most recent three-month period, from October to December (3Q), the consolidated operating profit increased 32.0% from the same period last year, reaching 2.03 billion yen. The operating profit margin improved from 7.8% in the same period last year to 9.2%.

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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	58,478	7,639	7,388	5,372	75.5	70.1	Jan 26, 2023	J-GAAP
Apr - Dec, 2023	56,490	3,882	4,048	3,045	42.8	64.5	Jan 25, 2024	J-GAAP
Apr - Dec, 2024	65,805	4,447	4,483	3,215	45.2	89.7	Feb 7, 2025	J-GAAP
YoY	+16.5%	+14.6%	+10.7%	+5.6%	+5.6%

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	51,521	3,287	3,507	2,715	38.2	8	Nov 8, 2024	J-GAAP
Oct - Mar, 2024 New	44,921	2,887	3,507	2,715	38.2	8	Feb 7, 2025	J-GAAP
Revision Rate	-12.8%	-12.2%	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	95,300	5,700	5,000	3,700	52.0	16	May 8, 2024	J-GAAP
Mar, 2025 New	88,700	5,300	5,000	3,700	52.0	16	Feb 7, 2025	J-GAAP
Revision Rate	-6.9%	-7.0%	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	41,755	3,287	3,091	2,515	35.3	18	May 8, 2024	J-GAAP
Oct - Mar, 2024 Guidance	44,921	2,887	3,507	2,715	38.2	8	Feb 7, 2025	J-GAAP
YoY	+7.6%	-12.2%	+13.5%	+8.0%	+8.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	80,351	10,693	10,532	7,504	105.4	30	May 8, 2023	J-GAAP
Mar, 2024	78,404	5,628	6,273	4,951	69.6	24	May 8, 2024	J-GAAP
Mar, 2025 Guidance	88,700	5,300	5,000	3,700	52.0	16	Feb 7, 2025	J-GAAP
YoY	+13.1%	-5.8%	-20.3%	-25.3%	-25.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	19,841	1,541	866	609	8.6	7.8	Jan 25, 2024	J-GAAP
Jan - Mar, 2024	21,914	1,746	2,225	1,906	26.8	8.0	May 8, 2024	J-GAAP
Apr - Jun, 2024	21,355	1,430	1,846	1,252	17.6	6.7	Aug 5, 2024	J-GAAP
Jul - Sep, 2024	22,424	983	-353	-267	-3.8	4.4	Nov 8, 2024	J-GAAP
Oct - Dec, 2024	22,026	2,034	2,990	2,230	31.3	9.2	Feb 7, 2025	J-GAAP
YoY	+11.0%	+32.0%	+245.3%	+266.2%	+266.1%