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TOKYOTOKEIBA, Last Fiscal Year's Ordinary Profit Unexpectedly Increases, 2% Increase in Ordinary Profit for The Current Fiscal Year

Fri Feb 14, 2025 3:00 pm JST Earnings

9672 TOKYOTOKEIBA CO.,LTD. 【J-GAAP】

Earnings Report

TOKYOTOKEIBA CO.,LTD. <9672> [TSE Prime] announced its financial results in the afternoon session on February 14th (15:00). The consolidated ordinary profit for the fiscal year ending December 2024 increased 4.0% from the previous period to 13.9 billion yen exceeding the previous forecast of 12.3 billion yen and resulted in an increase in profit, a complete reversal from the forecast for a decline in profit. In the fiscal year ending December 2025, the profit is expected to grow by 1.5% to 14.1 billion yen. This will be the fourteenth consecutive term of revenue growth.

At the same time, the company increased the annual dividend for the previous term from 100 yen to 113 yen (compared to 90 yen in the prior term). For the current term, the company plans to remove the commemorative dividend of the previous term and set the dividend for this term at an ordinary dividend of 110 yen.

In the most recent three-month period, from October to December (4Q), the consolidated ordinary profit grew 6.2% from the same period last year, reaching 3.07 billion yen. However, the operating profit margin remained almost flat, changing from 30.1% in the same period last year to 30.0%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 35,450 14,163 14,171 9,386 342.4 75 Feb 14, 2023 J-GAAP
Dec, 2023 37,544 13,362 13,383 8,452 308.4 90 Feb 14, 2024 J-GAAP
Dec, 2024 40,443 13,926 13,912 9,706 359.9 113 Feb 14, 2025 J-GAAP
YoY +7.7% +4.2% +4.0% +14.8% +16.7%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2024 Guidance 40,047 12,349 12,341 8,674 325.0 100 Oct 31, 2024 J-GAAP
Dec, 2024 Results 40,443 13,926 13,912 9,706 359.9 113 Feb 14, 2025 J-GAAP
Revision Rate +1.0% +12.8% +12.7% +11.9% +10.8%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2024 18,662 6,532 6,542 4,487 164.8 40 Jul 31, 2024 J-GAAP
Jan - Jun, 2025 Guidance 18,738 5,801 5,800 3,947 147.9 45 Feb 14, 2025 J-GAAP
YoY +0.4% -11.2% -11.3% -12.0% -10.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 37,544 13,362 13,383 8,452 308.4 90 Feb 14, 2024 J-GAAP
Dec, 2024 40,443 13,926 13,912 9,706 359.9 113 Feb 14, 2025 J-GAAP
Dec, 2025 Guidance 41,293 14,132 14,122 9,861 369.4 110 Feb 14, 2025 J-GAAP
YoY +2.1% +1.5% +1.5% +1.6% +2.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 9,582 2,881 2,897 2,073 75.6 30.1 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 8,782 2,822 2,815 1,944 71.1 32.1 Apr 30, 2024 J-GAAP
Apr - Jun, 2024 9,880 3,710 3,727 2,543 93.4 37.6 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 11,554 4,323 4,294 3,107 114.8 37.4 Oct 31, 2024 J-GAAP
Oct - Dec, 2024 10,227 3,071 3,076 2,112 78.3 30.0 Feb 14, 2025 J-GAAP
YoY +6.7% +6.6% +6.2% +1.9% +3.6%

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