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TOW, First Half Ordinary Profit Decreases by 18%, Oct-Dec Ordinary Profit Decreases by 21%

Thu Feb 13, 2025 1:00 pm JST Earnings

4767 TOW CO.,LTD. 【J-GAAP】

Earnings Report

TOW CO.,LTD. <4767> [TSE Std] announced its financial results in the afternoon session on February 13th (13:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending June 2025 (July to December) decreased 17.7% from the same period last year to 1.1 billion yen. The progress rate toward the full-year plan of 2.15 billion yen was 51.6%, below the five-year average of 67.7%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to June period (2H) is expected to expand 46.6% from the same period last year, reaching 1.04 billion yen.

In the most recent three-month period, from October to December (2Q), the consolidated ordinary profit decreased to 0.75 billion yen, a 21.0% decrease compared to the same period last year. The operating profit margin decreased from 16.6% in the same period last year to 15.1%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jul - Dec, 2022 6,392 663 677 17 0.4 57.5 Feb 8, 2023 J-GAAP
Jul - Dec, 2023 9,563 1,333 1,348 893 22.1 65.5 Feb 8, 2024 J-GAAP
Jul - Dec, 2024 8,808 1,091 1,109 740 18.2 51.6 Feb 13, 2025 J-GAAP
YoY -7.9% -18.2% -17.7% -17.1% -17.9%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 Guidance 9,000 1,089 1,100 732 17.9 7.50 Aug 8, 2024 J-GAAP
Jul - Dec, 2024 Results 8,808 1,091 1,109 740 18.2 7.50 Feb 13, 2025 J-GAAP
Revision Rate -2.1% +0.2% +0.8% +1.1% +1.8%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2024 7,940 673 710 512 12.7 7 Aug 8, 2024 J-GAAP
Jan - Jun, 2025 Guidance 9,192 1,029 1,041 688 16.8 7.50 Feb 13, 2025 J-GAAP
YoY +15.8% +52.9% +46.6% +34.4% +32.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun, 2023 11,774 1,150 1,178 355 8.6 14.40 Aug 9, 2023 J-GAAP
Jun, 2024 17,503 2,006 2,058 1,405 34.7 14 Aug 8, 2024 J-GAAP
Jun, 2025 Guidance 18,000 2,120 2,150 1,428 34.8 15 Aug 8, 2024 J-GAAP
YoY +2.8% +5.7% +4.5% +1.6% +0.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 5,770 958 958 645 16.0 16.6 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 3,589 320 338 223 5.5 8.9 May 15, 2024 J-GAAP
Apr - Jun, 2024 4,351 353 372 289 7.1 8.1 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 3,849 342 352 227 5.6 8.9 Nov 14, 2024 J-GAAP
Oct - Dec, 2024 4,959 749 757 513 12.6 15.1 Feb 13, 2025 J-GAAP
YoY -14.1% -21.8% -21.0% -20.5% -21.2%

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