TOPPAN Holdings, The Current Fiscal Year Net Income Revised Upward to an Unexpected 8% Increase

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Thu Feb 13, 2025 3:30 pm JST Earnings

7911 TOPPAN Holdings Inc. 【J-GAAP】

Earnings Report

TOPPAN Holdings Inc. <7911> [TSE Prime] announced its financial results after the market closed on February 13th (15:30). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 26.0% from the same period last year, reaching 72.7 billion yen.

In addition, the full-year consolidated net income has been revised upward 14.3%, from the previous forecast of 70 billion yen to 80 billion yen (compared to 74.3 billion yen in the previous period), turning to a 7.5% increase in the consolidated net income outlook.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated net income for the October to March period (2H) has been revised upward 26.6%, from the previous forecast of 37.6 billion yen to 47.6 billion yen (compared to 56.3 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 33.2% to 15.4%.

In the most recent three-month period, from October to December (3Q), the consolidated net income amounted to 40.4 billion yen, an increase of 1.8% compared to the same period last year. The operating profit margin improved from 3.5% in the same period last year to 5.9%.

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	1,213,628	49,792	58,065	65,127	197.5	71.5	Feb 8, 2023	J-GAAP
Apr - Dec, 2023	1,215,808	39,727	46,194	57,761	178.7	55.8	Feb 14, 2024	J-GAAP
Apr - Dec, 2024	1,258,659	53,367	59,613	72,771	238.2	67.4	Feb 13, 2025	J-GAAP
YoY	+3.5%	+34.3%	+29.0%	+26.0%	+33.3%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2024 Prev	893,859	60,280	56,621	37,646	130.2	24	Nov 13, 2024	J-GAAP
Oct - Mar, 2024 New	893,859	60,280	56,621	47,646	164.8	24	Feb 13, 2025	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	+26.6%	+26.6%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	1,720,000	88,000	88,500	70,000	242.0	48	Nov 13, 2024	J-GAAP
Mar, 2025 New	1,720,000	88,000	88,500	80,000	276.6	48	Feb 13, 2025	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	+14.3%	+14.3%

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	877,974	48,925	50,246	56,334	175.4	24	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	893,859	60,280	56,621	47,646	164.8	24	Feb 13, 2025	J-GAAP
YoY	+1.8%	+23.2%	+12.7%	-15.4%	-6.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	1,638,833	76,636	81,172	60,866	185.1	46	May 12, 2023	J-GAAP
Mar, 2024	1,678,249	74,286	82,812	74,395	231.6	48	May 13, 2024	J-GAAP
Mar, 2025 Guidance	1,720,000	88,000	88,500	80,000	276.6	48	Feb 13, 2025	J-GAAP
YoY	+2.5%	+18.5%	+6.9%	+7.5%	+19.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	415,533	14,366	13,628	39,700	122.8	3.5	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	462,441	34,559	36,618	16,634	51.8	7.5	May 13, 2024	J-GAAP
Apr - Jun, 2024	404,271	11,406	16,794	9,984	31.9	2.8	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	421,870	16,314	15,085	22,370	72.3	3.9	Nov 13, 2024	J-GAAP
Oct - Dec, 2024	432,518	25,647	27,734	40,417	132.3	5.9	Feb 13, 2025	J-GAAP
YoY	+4.1%	+78.5%	+103.5%	+1.8%	+7.7%