Tokyo Cosmos Electric, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 23%, Exceeds Full-Year Plan

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Mon Feb 10, 2025 2:50 pm JST Earnings

6772 Tokyo Cosmos Electric Co.,Ltd. 【J-GAAP】

Earnings Report

Tokyo Cosmos Electric Co.,Ltd. <6772> [TSE Std] announced its financial results in the afternoon session on February 10th (14:50). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 23.1% from the same period last year to 855 million yen. However, the progress rate toward the full-year plan of 800 million yen is 106.9%, already exceeding the target and also exceeding the five-year average of 81.3%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the January to March period (4Q) is expected to turn into a loss of 55 million yen (compared to a profit of 291 million yen in the same period last year).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 43.0% from the same period last year, reaching 376 million yen. The operating profit margin remained almost flat, changing from 11.2% in the same period last year to 11.2%.

Kabutan News

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	7,995	997	1,149	885	623.9	75.6	Feb 10, 2023	J-GAAP
Apr - Dec, 2023	7,938	988	1,112	777	569.7	79.3	Feb 9, 2024	J-GAAP
Apr - Dec, 2024	7,953	856	855	523	387.2	106.9	Feb 10, 2025	J-GAAP
YoY	+0.2%	-13.4%	-23.1%	-32.7%	-32.0%

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	5,141	570	554	376	276.2	145	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	4,830	307	321	265	196.0	160	Nov 11, 2024	J-GAAP
YoY	-6.0%	-46.1%	-42.1%	-29.5%	-29.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	10,712	1,349	1,519	1,174	827.6	60	May 12, 2023	J-GAAP
Mar, 2024	10,434	1,261	1,403	962	706.7	145	May 10, 2024	J-GAAP
Mar, 2025 Guidance	10,000	850	800	560	414.3	160	May 10, 2024	J-GAAP
YoY	-4.2%	-32.6%	-43.0%	-41.8%	-41.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	2,645	297	263	191	140.0	11.2	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	2,496	273	291	185	135.9	10.9	May 10, 2024	J-GAAP
Apr - Jun, 2024	2,490	231	297	191	141.7	9.3	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	2,680	312	182	104	77.0	11.6	Nov 11, 2024	J-GAAP
Oct - Dec, 2024	2,783	313	376	228	168.8	11.2	Feb 10, 2025	J-GAAP
YoY	+5.2%	+5.4%	+43.0%	+19.4%	+20.5%