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

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%.

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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 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%

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