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TOWA, First Half Ordinary Profit Decreases by 54%
6315 TOWA CORPORATION 【J-GAAP】
Earnings ReportTOWA CORPORATION <6315> [TSE Prime] announced its financial results after the market closed on November 7th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) significantly dropped 54.2% from the same period last year to 2.39 billion yen. Progress toward the full-year plan of 9.80 billion yen was 24.4%, also falling below the five-year average of 46.1%.
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 October to March period (second half) is expected to expand 77.6% from the same period last year, reaching 7.40 billion yen.
In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew 11.3% from the same period last year, reaching 3.12 billion yen. However, the operating profit margin decreased from 21.6% in the same period last year to 20.0%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2023 | 21,265 | 2,388 | 2,763 | 1,958 | 26.1 | 30.4 | Nov 8, 2023 | J-GAAP |
| Apr - Sep, 2024 | 27,398 | 5,261 | 5,229 | 3,826 | 51.0 | 55.6 | Nov 7, 2024 | J-GAAP |
| Apr - Sep, 2025 | 23,449 | 2,493 | 2,394 | 1,849 | 24.7 | 24.4 | Nov 7, 2025 | J-GAAP |
| YoY | -14.4% | -52.6% | -54.2% | -51.7% | -51.7% |
First Half Results vs. Previous Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2025 Guidance | 23,000 | 1,710 | 1,710 | 1,197 | 16.0 | 0 | May 9, 2025 | J-GAAP |
| Apr - Sep, 2025 Results | 23,449 | 2,493 | 2,394 | 1,849 | 24.7 | 0 | Nov 7, 2025 | J-GAAP |
| Revision Rate | +2.0% | +45.8% | +40.0% | +54.5% | +54.6% |
Current Period Guidance
Second Half Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Mar, 2024 | 26,081 | 3,619 | 4,171 | 4,295 | 57.3 | 20 | May 9, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 32,551 | 7,307 | 7,406 | 5,011 | 66.8 | 20 | Nov 7, 2025 | J-GAAP |
| YoY | +24.8% | +101.9% | +77.6% | +16.7% | +16.6% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 50,471 | 8,661 | 9,079 | 6,444 | 85.9 | 13.33 | May 10, 2024 | J-GAAP |
| Mar, 2025 | 53,479 | 8,880 | 9,400 | 8,121 | 108.3 | 20 | May 9, 2025 | J-GAAP |
| Mar, 2026 Guidance | 56,000 | 9,800 | 9,800 | 6,860 | 91.4 | 20 | May 9, 2025 | J-GAAP |
| YoY | +4.7% | +10.4% | +4.3% | -15.5% | -15.6% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jul - Sep, 2024 | 14,145 | 3,049 | 2,809 | 2,136 | 28.5 | 21.6 | Nov 7, 2024 | J-GAAP |
| Oct - Dec, 2024 | 11,861 | 1,260 | 1,853 | 1,326 | 17.7 | 10.6 | Feb 6, 2025 | J-GAAP |
| Jan - Mar, 2025 | 14,220 | 2,359 | 2,318 | 2,969 | 39.6 | 16.6 | May 9, 2025 | J-GAAP |
| Apr - Jun, 2025 | 8,080 | -581 | -732 | -528 | -7.1 | -7.2 | Aug 7, 2025 | J-GAAP |
| Jul - Sep, 2025 | 15,369 | 3,074 | 3,126 | 2,377 | 31.7 | 20.0 | Nov 7, 2025 | J-GAAP |
| YoY | +8.7% | +0.8% | +11.3% | +11.3% | +11.3% |
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