TOTECH, The Current Fiscal Year Ordinary Profit Revised Upward by 6%, Raises Record High Profit Forecast, Dividend Revised Upward by 5 yen

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Mon Feb 10, 2025 4:00 pm JST Earnings

9960 TOTECH CORPORATION 【J-GAAP】

Earnings Report

TOTECH CORPORATION <9960> [TSE Prime] announced its financial results after the market closed on February 10th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 11 billion yen, an increase 50.0% compared to the same period last year.

In addition, the full-year consolidated ordinary profit has been revised upward 6.2%, from the previous forecast of 13 billion yen to 13.8 billion yen (compared to 10.5 billion yen in the previous period), increasing the growth rate from 22.8% to 30.4%, further surpassing the previous forecast of record-high profits for thirteen consecutive terms.

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 12.1%, from the previous forecast of 6.61 billion yen to 7.41 billion yen (compared to 6.5 billion yen in the same period of the previous year), increasing the growth rate from 1.7% to 14.0%.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 88 yen to 93 yen (compared to 205 yen before the 3-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 increased 41.7% from the same period last year, reaching 4.65 billion yen. The operating profit margin improved from 8.2% in the same period last year to 10.3%.

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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	87,666	4,398	4,911	3,161	77.0	60.1	Jan 31, 2023	J-GAAP
Apr - Dec, 2023	101,116	6,699	7,360	4,917	119.6	69.5	Jan 31, 2024	J-GAAP
Apr - Dec, 2024	110,422	10,190	11,037	7,674	186.5	80.0	Feb 10, 2025	J-GAAP
YoY	+9.2%	+52.1%	+50.0%	+56.1%	+55.9%

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	77,657	6,344	6,615	4,469	108.6	64	Nov 11, 2024	J-GAAP
Oct - Mar, 2024 New	86,657	7,144	7,415	4,969	120.7	69	Feb 10, 2025	J-GAAP
Revision Rate	+11.6%	+12.6%	+12.1%	+11.2%	+11.2%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	146,000	12,200	13,000	9,000	218.7	88	Nov 11, 2024	J-GAAP
Mar, 2025 New	155,000	13,000	13,800	9,500	230.8	93	Feb 10, 2025	J-GAAP
Revision Rate	+6.2%	+6.6%	+6.2%	+5.6%	+5.6%

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	77,011	6,289	6,507	4,342	105.6	48	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	86,657	7,144	7,415	4,969	120.7	69	Feb 10, 2025	J-GAAP
YoY	+12.5%	+13.6%	+14.0%	+14.4%	+14.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	126,696	7,730	8,172	5,230	127.4	54	Jun 30, 2023	J-GAAP
Mar, 2024	140,732	9,905	10,585	7,004	170.4	68.33	May 15, 2024	J-GAAP
Mar, 2025 Guidance	155,000	13,000	13,800	9,500	230.8	93	Feb 10, 2025	J-GAAP
YoY	+10.1%	+31.2%	+30.4%	+35.6%	+35.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	37,395	3,083	3,282	2,255	54.9	8.2	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	39,616	3,206	3,225	2,087	50.8	8.1	May 15, 2024	J-GAAP
Apr - Jun, 2024	31,729	2,228	2,615	2,002	48.7	7.0	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	36,614	3,628	3,770	2,529	61.5	9.9	Nov 11, 2024	J-GAAP
Oct - Dec, 2024	42,079	4,334	4,652	3,143	76.4	10.3	Feb 10, 2025	J-GAAP
YoY	+12.5%	+40.6%	+41.7%	+39.4%	+39.2%