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TOAGOSEI, Ordinary Profit Forecast for the Fiscal Year Revised Downward to an Unexpected 7% Decrease

Thu Jul 31, 2025 2:00 pm JST Earnings

4045 TOAGOSEI CO., LTD. 【J-GAAP】

Earnings Report

TOAGOSEI CO., LTD. <4045> [TSE Prime] announced its financial results in the afternoon session on July 31st (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending December 2025 (January to June) decreased 14.4% from the same period last year to 7.49 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has decreased 8.1%, from the previous forecast of 16.1 billion yen to 14.8 billion yen (compared to 15.9 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 7.5% decrease in profit.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the July to December period (second half) is expected to nearly flat at 7.30 billion yen, up 0.9% from the same period last year.

In the most recent three-month period, from April to June (2Q), the consolidated ordinary profit decreased to 4.30 billion yen, a 9.0% decrease compared to the same period last year. However, the operating profit margin remained almost flat, changing from 8.9% in the same period last year to 9.0%.

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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
Jan - Jun, 2023 76,947 4,746 6,172 5,469 45.7 42.6 Jul 31, 2023 J-GAAP
Jan - Jun, 2024 81,571 7,323 8,758 7,041 61.5 54.8 Jul 31, 2024 J-GAAP
Jan - Jun, 2025 80,344 7,018 7,497 5,715 51.8 50.7 Jul 31, 2025 J-GAAP
YoY -1.5% -4.2% -14.4% -18.8% -15.9%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2025 Guidance 80,800 7,500 8,100 7,100 64.8 32.50 Feb 13, 2025 J-GAAP
Jan - Jun, 2025 Results 80,344 7,018 7,497 5,715 51.8 32.50 Jul 31, 2025 J-GAAP
Revision Rate -0.6% -6.4% -7.4% -19.5% -20.1%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2025 Prev 165,000 15,000 16,100 13,000 121.2 65 Feb 13, 2025 J-GAAP
Dec, 2025 New 162,500 14,000 14,800 12,200 113.7 65 Jul 31, 2025 J-GAAP
Revision Rate -1.5% -6.7% -8.1% -6.2% -6.1%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 86,023 6,910 7,235 4,836 42.6 30 Feb 13, 2025 J-GAAP
Jul - Dec, 2025 Guidance 82,156 6,982 7,303 6,485 60.5 32.50 Jul 31, 2025 J-GAAP
YoY -4.5% +1.0% +0.9% +34.1% +42.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 159,371 12,499 14,503 12,179 102.8 53 Feb 13, 2024 J-GAAP
Dec, 2024 167,594 14,233 15,993 11,877 104.6 60 Feb 13, 2025 J-GAAP
Dec, 2025 Guidance 162,500 14,000 14,800 12,200 113.7 65 Jul 31, 2025 J-GAAP
YoY -3.0% -1.6% -7.5% +2.7% +8.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Apr - Jun, 2024 42,557 3,771 4,731 4,324 37.8 8.9 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 41,792 3,439 3,384 3,465 30.4 8.2 Oct 31, 2024 J-GAAP
Oct - Dec, 2024 44,231 3,471 3,851 1,371 12.1 7.8 Feb 13, 2025 J-GAAP
Jan - Mar, 2025 39,822 3,363 3,193 2,000 18.0 8.4 Apr 28, 2025 J-GAAP
Apr - Jun, 2025 40,522 3,655 4,304 3,715 33.7 9.0 Jul 31, 2025 J-GAAP
YoY -4.8% -3.1% -9.0% -14.1% -10.9%

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