TOKYO KEIKI, The Current Fiscal Year Ordinary Profit Revised Upward by 11%, Exceeded Record Profit Forecast

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Fri Feb 7, 2025 4:00 pm JST Earnings

7721 TOKYO KEIKI INC. 【J-GAAP】

Earnings Report

TOKYO KEIKI INC. <7721> [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) surged 3.6 times that of the same period last year, reaching 1.22 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward 10.5%, from the previous forecast of 4.28 billion yen to 4.73 billion yen (compared to 2.99 billion yen in the previous period), increasing the growth rate from 43.1% to 58.2%. The company has further increased its previous forecast of record profits for the first time in eleven years.

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 10.6%, from the previous forecast of 4.25 billion yen to 4.7 billion yen (compared to 3.24 billion yen in the same period of the previous year), increasing the growth rate from 30.9% to 44.7%.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 98.5% from the same period last year, reaching 1.2 billion yen. The operating profit margin significantly improved from 4.9% in the same period last year to 8.5%.

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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	29,419	-667	-281	-179	-10.9	ー	Feb 10, 2023	J-GAAP
Apr - Dec, 2023	30,704	168	346	118	7.2	11.6	Feb 9, 2024	J-GAAP
Apr - Dec, 2024	34,241	1,054	1,229	932	56.8	26.0	Feb 7, 2025	J-GAAP
YoY	+11.5%	+527.4%	+255.2%	+689.8%	+690.4%

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	37,718	4,205	4,252	3,027	184.3	35	Nov 8, 2024	J-GAAP
Oct - Mar, 2024 New	36,818	4,675	4,702	3,337	203.1	35	Feb 7, 2025	J-GAAP
Revision Rate	-2.4%	+11.2%	+10.6%	+10.2%	+10.2%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	58,300	4,100	4,280	3,090	188.1	35	Nov 8, 2024	J-GAAP
Mar, 2025 New	57,400	4,570	4,730	3,400	207.0	35	Feb 7, 2025	J-GAAP
Revision Rate	-1.5%	+11.5%	+10.5%	+10.0%	+10.0%

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	27,966	3,167	3,249	2,514	153.1	32.50	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	36,818	4,675	4,702	3,337	203.1	35	Feb 7, 2025	J-GAAP
YoY	+31.7%	+47.6%	+44.7%	+32.7%	+32.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	44,296	1,312	1,687	873	53.2	30	May 12, 2023	J-GAAP
Mar, 2024	47,166	2,768	2,990	2,277	138.6	32.50	May 10, 2024	J-GAAP
Mar, 2025 Guidance	57,400	4,570	4,730	3,400	207.0	35	Feb 7, 2025	J-GAAP
YoY	+21.7%	+65.1%	+58.2%	+49.3%	+49.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	11,504	567	605	355	21.6	4.9	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	16,462	2,600	2,644	2,159	131.4	15.8	May 10, 2024	J-GAAP
Apr - Jun, 2024	8,693	-479	-407	-258	-15.7	-5.5	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	11,889	374	435	321	19.6	3.1	Nov 8, 2024	J-GAAP
Oct - Dec, 2024	13,659	1,159	1,201	869	52.9	8.5	Feb 7, 2025	J-GAAP
YoY	+18.7%	+104.4%	+98.5%	+144.8%	+145.0%