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

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%.

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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 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%

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