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TOKYU, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 33%, Oct-Dec Ordinary Profit Increases by 32%

Thu Feb 13, 2025 5:00 pm JST Earnings

9005 TOKYU CORPORATION 【J-GAAP】

Earnings Report

TOKYU CORPORATION <9005> [TSE Prime] announced its financial results after the market closed on February 13th (17:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 96.8 billion yen, an increase 33.2% compared to the same period last year. The progress rate toward the full-year plan of 104 billion yen was 92.8%, also surpassing the five-year average of 89.6%.

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 significant drop 71.6% from the same period last year to 7.56 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 32.2% from the same period last year, reaching 30.4 billion yen. The operating profit margin improved from 9.7% in the same period last year to 10.9%.

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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 670,505 36,632 37,900 24,246 40.2 80.0 Feb 13, 2023 J-GAAP
Apr - Dec, 2023 728,901 69,261 72,696 50,046 82.9 73.2 Feb 9, 2024 J-GAAP
Apr - Dec, 2024 785,730 93,603 96,836 68,524 115.0 92.8 Feb 13, 2025 J-GAAP
YoY +7.8% +35.1% +33.2% +36.9% +38.7%

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 554,351 49,372 49,604 28,906 48.0 10 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 539,766 35,665 37,970 24,534 42.7 12 Nov 8, 2024 J-GAAP
YoY -2.6% -27.8% -23.5% -15.1% -11.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 931,293 44,603 47,369 25,995 42.9 15 May 11, 2023 J-GAAP
Mar, 2024 1,037,819 94,905 99,292 63,935 106.1 17.50 May 13, 2024 J-GAAP
Mar, 2025 Guidance 1,065,000 101,000 104,400 74,000 128.8 23 Nov 8, 2024 J-GAAP
YoY +2.6% +6.4% +5.1% +15.7% +21.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 245,433 23,728 23,008 15,017 24.9 9.7 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 308,918 25,644 26,596 13,889 23.1 8.3 May 13, 2024 J-GAAP
Apr - Jun, 2024 273,080 39,594 41,391 29,853 49.8 14.5 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 252,154 25,741 25,039 19,613 32.7 10.2 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 260,496 28,268 30,406 19,058 32.0 10.9 Feb 13, 2025 J-GAAP
YoY +6.1% +19.1% +32.2% +26.9% +28.5%

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