TOKYO ROPE MFG, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 18%, Oct-Dec Ordinary Profit Decreases by 32%

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Wed Feb 12, 2025 3:30 pm JST Earnings

5981 TOKYO ROPE MFG. CO., LTD 【J-GAAP】

Earnings Report

TOKYO ROPE MFG. CO., LTD <5981> [TSE Prime] announced its financial results after the market closed on February 12th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 18.3% from the same period last year to 2.25 billion yen. The progress rate toward the full-year plan of 3.9 billion yen was 57.8%, also falling below the five-year average of 61.1%.

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 decrease 17.4% from the same period last year to 1.64 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit dropped to 0.89 billion yen, a 32.3% decrease compared to the same period last year. The operating profit margin worsened from 7.2% in the same period last year to 5.2%.

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	50,170	2,249	2,737	1,932	119.8	74.9	Feb 9, 2023	J-GAAP
Apr - Dec, 2023	48,052	2,439	2,761	2,032	127.5	58.1	Feb 9, 2024	J-GAAP
Apr - Dec, 2024	46,327	2,030	2,255	1,908	120.7	57.8	Feb 12, 2025	J-GAAP
YoY	-3.6%	-16.8%	-18.3%	-6.1%	-5.3%

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	33,653	2,717	3,316	1,023	64.2	40	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	33,212	2,730	2,542	1,749	112.2	60	Nov 12, 2024	J-GAAP
YoY	-1.3%	+0.5%	-23.3%	+71.0%	+74.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	67,135	3,305	3,653	3,783	234.9	35	May 12, 2023	J-GAAP
Mar, 2024	64,231	3,901	4,753	2,040	128.1	40	May 13, 2024	J-GAAP
Mar, 2025 Guidance	63,000	3,900	3,900	3,000	192.4	60	Nov 12, 2024	J-GAAP
YoY	-1.9%	0.0%	-17.9%	+47.1%	+50.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	17,474	1,255	1,324	1,015	63.7	7.2	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	16,179	1,462	1,992	8	0.5	9.0	May 13, 2024	J-GAAP
Apr - Jun, 2024	14,917	610	774	793	50.2	4.1	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	14,871	560	584	458	29.0	3.8	Nov 12, 2024	J-GAAP
Oct - Dec, 2024	16,539	860	897	657	41.6	5.2	Feb 12, 2025	J-GAAP
YoY	-5.4%	-31.5%	-32.3%	-35.3%	-34.8%