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TOW, First Half Ordinary Profit Increases by 11%
4767 TOW CO.,LTD. 【J-GAAP】
Earnings ReportTOW CO.,LTD. <4767> [TSE Std] announced its financial results in the afternoon session on February 13th (13:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending June 2026 (July to December) increased 10.7% from the same period last year, reaching 1.22 billion yen. Progress toward the full-year plan of 2.25 billion yen was 54.6%, it was below the five-year average of 64.6%.
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 January to June period (second half) is expected to decrease 5.8% from the same period last year to 1.02 billion yen.
In the most recent three-month period, from October to December (2Q), the consolidated ordinary profit grew 14.4% from the same period last year, reaching 0.86 billion yen. However, the operating profit margin decreased from 15.1% in the same period last year to 14.6%.
Kabutan News
Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jul - Dec, 2023 | 9,563 | 1,333 | 1,348 | 893 | 22.1 | 65.5 | Feb 8, 2024 | J-GAAP |
| Jul - Dec, 2024 | 8,808 | 1,091 | 1,109 | 740 | 18.2 | 50.5 | Feb 13, 2025 | J-GAAP |
| Jul - Dec, 2025 | 10,201 | 1,201 | 1,228 | 819 | 20.0 | 54.6 | Feb 13, 2026 | J-GAAP |
| YoY | +15.8% | +10.1% | +10.7% | +10.7% | +9.8% |
First Half Results vs. Previous Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jul - Dec, 2025 Guidance | 10,255 | 1,229 | 1,250 | 830 | 20.0 | 9.15 | Aug 7, 2025 | J-GAAP |
| Jul - Dec, 2025 Results | 10,201 | 1,201 | 1,228 | 819 | 20.0 | 9.15 | Feb 13, 2026 | J-GAAP |
| Revision Rate | -0.5% | -2.3% | -1.8% | -1.3% | -0.4% |
Current Period Guidance
Second Half Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jan - Jun, 2025 | 8,974 | 1,061 | 1,085 | 392 | 9.6 | 7.50 | Aug 7, 2025 | J-GAAP |
| Jan - Jun, 2026 Guidance | 8,599 | 1,007 | 1,022 | 681 | 16.5 | 9.15 | Feb 13, 2026 | J-GAAP |
| YoY | -4.2% | -5.1% | -5.8% | +73.7% | +71.5% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jun, 2024 | 17,503 | 2,006 | 2,058 | 1,405 | 34.7 | 14 | Aug 8, 2024 | J-GAAP |
| Jun, 2025 | 17,782 | 2,152 | 2,194 | 1,132 | 27.7 | 15 | Aug 7, 2025 | J-GAAP |
| Jun, 2026 Guidance | 18,800 | 2,208 | 2,250 | 1,500 | 36.3 | 18.30 | Aug 7, 2025 | J-GAAP |
| YoY | +5.7% | +2.6% | +2.6% | +32.5% | +30.8% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Dec, 2024 | 4,959 | 749 | 757 | 513 | 12.6 | 15.1 | Feb 13, 2025 | J-GAAP |
| Jan - Mar, 2025 | 3,716 | 258 | 273 | 176 | 4.3 | 6.9 | May 15, 2025 | J-GAAP |
| Apr - Jun, 2025 | 5,258 | 803 | 812 | 216 | 5.3 | 15.3 | Aug 7, 2025 | J-GAAP |
| Jul - Sep, 2025 | 4,297 | 337 | 362 | 240 | 5.9 | 7.8 | Nov 14, 2025 | J-GAAP |
| Oct - Dec, 2025 | 5,904 | 864 | 866 | 579 | 14.1 | 14.6 | Feb 13, 2026 | J-GAAP |
| YoY | +19.1% | +15.4% | +14.4% | +12.9% | +12.0% |
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