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TORAY INDUSTRIES, Apr-Dec (Cumulative 3Q) Net Income Increases by 65%

Wed Feb 12, 2025 1:00 pm JST Earnings

3402 TORAY INDUSTRIES,INC. 【IFRS】

Earnings Report

TORAY INDUSTRIES,INC. <3402> [TSE Prime] announced its financial results (based on IFRS) in the afternoon session on February 12th (13:00). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 75.1 billion yen, an increase 64.6% compared to the same period last year. The progress rate toward the full-year plan of 88 billion yen was 85.4%, it was below the five-year average of 113.4%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income/loss for the January to March period (4Q) is expected to turn into a profit of 12.8 billion yen (compared to a loss of 23.7 billion yen in the same period last year).

In the most recent three-month period, from October to December (3Q), the consolidated net income grew 17.0% from the same period last year, reaching 19.6 billion yen. However, the operating profit margin worsened from 4.3% in the same period last year to 3.9%.

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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 1,901,800 98,667 109,015 74,553 46.6 97.4 Feb 8, 2023 IFRS
Apr - Dec, 2023 1,829,408 71,369 76,302 45,659 28.5 128.1 Feb 8, 2024 IFRS
Apr - Dec, 2024 1,923,897 103,816 107,647 75,177 47.0 Feb 12, 2025 IFRS
YoY +5.2% +45.5% +41.1% +64.6% +64.9%

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 1,265,220 13,206 10,588 -6,970 -4.4 9 May 13, 2024 IFRS
Oct - Mar, 2024 Guidance 1,295,892 32,476 20.7 9 Nov 7, 2024 IFRS
YoY +2.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 2,489,330 109,001 111,870 72,823 45.5 18 May 12, 2023 IFRS
Mar, 2024 2,464,596 57,651 59,567 21,897 13.7 18 May 13, 2024 IFRS
Mar, 2025 Guidance 2,590,000 88,000 56.1 18 Nov 7, 2024 IFRS
YoY +5.1% +301.9% +310.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 630,032 26,924 27,323 16,792 10.5 4.3 Feb 8, 2024 IFRS
Jan - Mar, 2024 635,188 -13,718 -16,735 -23,762 -14.8 -2.2 May 13, 2024 IFRS
Apr - Jun, 2024 637,726 38,075 41,803 26,859 16.8 6.0 Aug 7, 2024 IFRS
Jul - Sep, 2024 656,382 41,437 35,956 28,665 17.9 6.3 Nov 7, 2024 IFRS
Oct - Dec, 2024 629,789 24,304 29,888 19,653 12.3 3.9 Feb 12, 2025 IFRS
YoY 0.0% -9.7% +9.4% +17.0% +17.2%

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