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TOYO CONSTRUCTION, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 25%, Oct-Dec Ordinary Profit Decreases by 16%

Wed Feb 12, 2025 12:00 pm JST Earnings

1890 TOYO CONSTRUCTION CO.,LTD. 【J-GAAP】

Earnings Report

TOYO CONSTRUCTION CO.,LTD. <1890> [TSE Prime] announced its financial results at noon (12:00) on February 12th. The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 25.0% from the same period last year to 5.28 billion yen. The progress rate toward the full-year plan of 11.1 billion yen was 47.6%, also falling below the five-year average of 66.0%.

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 for the January to March period (4Q) is expected to expand 93.0% from the same period last year, reaching 5.82 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 2.84 billion yen, a 15.6% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 7.1% in the same period last year to 6.9%.

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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 116,802 5,115 4,932 2,904 30.9 57.7 Feb 14, 2023 J-GAAP
Apr - Dec, 2023 137,224 7,617 7,042 4,416 46.9 70.0 Feb 8, 2024 J-GAAP
Apr - Dec, 2024 116,455 5,748 5,280 3,966 42.2 47.6 Feb 12, 2025 J-GAAP
YoY -15.1% -24.5% -25.0% -10.2% -9.9%

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 98,017 6,697 6,389 4,837 51.4 74 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 108,397 8,828 8,669 5,754 61.3 50 Nov 11, 2024 J-GAAP
YoY +10.6% +31.8% +35.7% +19.0% +19.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 168,351 8,995 8,551 5,656 60.2 25 May 11, 2023 J-GAAP
Mar, 2024 186,781 10,887 10,057 7,016 74.5 74 May 10, 2024 J-GAAP
Mar, 2025 Guidance 182,000 11,600 11,100 7,600 80.9 80 Nov 11, 2024 J-GAAP
YoY -2.6% +6.5% +10.4% +8.3% +8.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 48,460 3,427 3,374 2,237 23.8 7.1 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 49,557 3,270 3,015 2,600 27.6 6.6 May 10, 2024 J-GAAP
Apr - Jun, 2024 33,773 -351 -614 -76 -0.8 -1.0 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 39,830 3,123 3,045 1,922 20.5 7.8 Nov 11, 2024 J-GAAP
Oct - Dec, 2024 42,852 2,976 2,849 2,120 22.6 6.9 Feb 12, 2025 J-GAAP
YoY -11.6% -13.2% -15.6% -5.2% -5.0%

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