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Tokushu Tokai Paper, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 4%, Oct-Dec Ordinary Profit Decreases by 3%
3708 Tokushu Tokai Paper Co.,Ltd. 【J-GAAP】
Earnings ReportTokushu Tokai Paper Co.,Ltd. <3708> [TSE Prime] announced its financial results in the afternoon session on February 10th (14:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) increased 4.3% from the same period last year, reaching 5.02 billion yen. However, Progress toward the full-year plan of 7.00 billion yen was 71.8%, also falling below the five-year average of 76.2%.
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 expand 40.3% from the same period last year, reaching 1.97 billion yen.
In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 1.70 billion yen, a 3.5% decrease compared to the same period last year. However, the operating profit margin improved from 4.1% in the same period last year to 4.9%.
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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 - Dec, 2023 | 64,908 | 1,612 | 4,713 | 3,649 | 102.7 | 76.2 | Feb 14, 2024 | J-GAAP |
| Apr - Dec, 2024 | 71,251 | 2,876 | 4,822 | 3,700 | 104.8 | 77.4 | Feb 13, 2025 | J-GAAP |
| Apr - Dec, 2025 | 71,902 | 3,541 | 5,029 | 4,027 | 115.5 | 71.8 | Feb 10, 2026 | J-GAAP |
| YoY | +0.9% | +23.1% | +4.3% | +8.8% | +10.1% |
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 | 48,228 | 2,055 | 3,168 | 1,511 | 42.9 | 20 | May 15, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 51,090 | 2,641 | 3,673 | 2,593 | 74.4 | 22 | Nov 13, 2025 | J-GAAP |
| YoY | +5.9% | +28.5% | +15.9% | +71.6% | +73.3% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 86,517 | 2,296 | 6,188 | 4,590 | 129.3 | 40 | May 15, 2024 | J-GAAP |
| Mar, 2025 | 94,800 | 3,928 | 6,227 | 3,607 | 102.5 | 40 | May 15, 2025 | J-GAAP |
| Mar, 2026 Guidance | 99,000 | 5,000 | 7,000 | 4,900 | 140.6 | 43.67 | Aug 8, 2025 | J-GAAP |
| YoY | +4.4% | +27.3% | +12.4% | +35.8% | +37.2% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Dec, 2024 | 24,679 | 1,003 | 1,763 | 1,604 | 45.4 | 4.1 | Feb 13, 2025 | J-GAAP |
| Jan - Mar, 2025 | 23,549 | 1,052 | 1,405 | -93 | -2.6 | 4.5 | May 15, 2025 | J-GAAP |
| Apr - Jun, 2025 | 24,284 | 1,325 | 1,985 | 1,370 | 39.3 | 5.5 | Aug 8, 2025 | J-GAAP |
| Jul - Sep, 2025 | 23,626 | 1,034 | 1,342 | 937 | 26.9 | 4.4 | Nov 13, 2025 | J-GAAP |
| Oct - Dec, 2025 | 23,992 | 1,182 | 1,702 | 1,720 | 49.3 | 4.9 | Feb 10, 2026 | J-GAAP |
| YoY | -2.8% | +17.8% | -3.5% | +7.2% | +8.5% |
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