TOA, The Current Fiscal Year Ordinary Profit Revised Upward to an Unexpected 14% Increase, Raises Record High Profit, Dividend Revised Upward by 17 yen

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Fri Feb 7, 2025 4:00 pm JST Earnings

1885 TOA CORPORATION 【J-GAAP】

Earnings Report

TOA CORPORATION <1885> [TSE Prime] announced its financial results after the market closed on February 7th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 27.3% from the same period last year, reaching 16.3 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward 31.3%, from the previous forecast of 14.4 billion yen to 18.9 billion yen (compared to 16.6 billion yen in the previous period), record profits reach two consecutive terms, turning to a 13.7% increase in the consolidated ordinary profit outlook.

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 86.0%, from the previous forecast of 5.23 billion yen to 9.73 billion yen (compared to 9.45 billion yen in the same period of the previous year), turning to a 2.9% increase in the consolidated ordinary profit outlook.

In light of the strong performance, the company has significantly increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 54 yen to 71 yen (compared to 160 yen before the 4-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 grew 26.7% from the same period last year, reaching 7.17 billion yen. However, the operating profit margin remained almost flat, changing from 8.0% in the same period last year to 7.8%.

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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	148,408	2,776	2,952	2,014	23.5	44.6	Feb 8, 2023	J-GAAP
Apr - Dec, 2023	206,552	13,569	12,840	8,338	100.0	77.2	Feb 8, 2024	J-GAAP
Apr - Dec, 2024	239,951	16,421	16,348	11,718	147.7	86.5	Feb 7, 2025	J-GAAP
YoY	+16.2%	+21.0%	+27.3%	+40.5%	+47.7%

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	150,181	5,168	5,231	4,033	50.8	54	Nov 11, 2024	J-GAAP
Oct - Mar, 2024 New	170,181	9,768	9,731	7,333	92.4	71	Feb 7, 2025	J-GAAP
Revision Rate	+13.3%	+89.0%	+86.0%	+81.8%	+81.8%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	300,000	14,600	14,400	10,700	134.9	54	Nov 11, 2024	J-GAAP
Mar, 2025 New	320,000	19,200	18,900	14,000	176.4	71	Feb 7, 2025	J-GAAP
Revision Rate	+6.7%	+31.5%	+31.3%	+30.8%	+30.8%

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	153,667	9,749	9,454	6,020	73.1	40	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	170,181	9,768	9,731	7,333	92.4	71	Feb 7, 2025	J-GAAP
YoY	+10.7%	+0.2%	+2.9%	+21.8%	+26.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	213,569	6,555	6,614	4,835	56.1	22.50	May 12, 2023	J-GAAP
Mar, 2024	283,852	17,231	16,630	10,517	127.7	40	May 13, 2024	J-GAAP
Mar, 2025 Guidance	320,000	19,200	18,900	14,000	176.4	71	Feb 7, 2025	J-GAAP
YoY	+12.7%	+11.4%	+13.7%	+33.1%	+38.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	76,367	6,087	5,664	3,841	46.1	8.0	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	77,300	3,662	3,790	2,179	26.5	4.7	May 13, 2024	J-GAAP
Apr - Jun, 2024	68,432	1,396	1,958	1,337	16.9	2.0	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	81,387	8,036	7,211	5,330	67.2	9.9	Nov 11, 2024	J-GAAP
Oct - Dec, 2024	90,132	6,989	7,179	5,051	63.7	7.8	Feb 7, 2025	J-GAAP
YoY	+18.0%	+14.8%	+26.7%	+31.5%	+38.2%