TOYO ENGINEERING, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 15%

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Thu Feb 13, 2025 11:30 am JST Earnings

6330 TOYO ENGINEERING CORPORATION 【J-GAAP】

Earnings Report

TOYO ENGINEERING CORPORATION <6330> [TSE Prime] announced its financial results at noon (11:30) on February 13th. The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 14.6% from the same period last year to 4.38 billion yen. The progress rate toward the full-year plan of 7.5 billion yen was 58.5%, also falling below the five-year average of 67.3%.

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 67.2% from the same period last year, reaching 3.11 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit amounted to 1.1 billion yen, an increase of 0.2% compared to the same period last year. However, the operating profit margin drastically worsened from 3.1% in the same period last year to 0.0%.

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	142,048	4,474	3,204	1,523	26.0	82.4	Feb 9, 2023	J-GAAP
Apr - Dec, 2023	189,373	5,450	5,131	3,083	52.6	73.4	Feb 8, 2024	J-GAAP
Apr - Dec, 2024	205,589	2,035	4,384	2,300	39.3	58.5	Feb 13, 2025	J-GAAP
YoY	+8.6%	-62.7%	-14.6%	-25.4%	-25.4%

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	143,770	3,490	2,969	7,457	127.3	12	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	148,129	2,983	4,223	4,232	72.2	25	Nov 14, 2024	J-GAAP
YoY	+3.0%	-14.5%	+42.2%	-43.2%	-43.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	192,908	4,764	3,888	1,647	28.1	0	May 12, 2023	J-GAAP
Mar, 2024	260,825	6,712	6,995	9,821	167.6	12	May 15, 2024	J-GAAP
Mar, 2025 Guidance	270,000	5,000	7,500	6,000	102.4	25	May 15, 2024	J-GAAP
YoY	+3.5%	-25.5%	+7.2%	-38.9%	-38.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	72,318	2,228	1,105	719	12.3	3.1	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	71,452	1,262	1,864	6,738	115.0	1.8	May 15, 2024	J-GAAP
Apr - Jun, 2024	62,847	979	1,873	1,071	18.3	1.6	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	59,024	1,038	1,404	697	11.9	1.8	Nov 14, 2024	J-GAAP
Oct - Dec, 2024	83,718	18	1,107	532	9.1	0.0	Feb 13, 2025	J-GAAP
YoY	+15.8%	-99.2%	+0.2%	-26.0%	-26.0%