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TOKEN, First Half Ordinary Profit Increases by 85%, Current Fiscal Year Dividend Revised Upward by 60 yen

Thu Dec 12, 2024 3:30 pm JST Earnings

1766 TOKEN CORPORATION 【J-GAAP】

Earnings Report

TOKEN CORPORATION <1766> [TSE Prime] announced its financial results after the market closed on December 12th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending April 2025 (May to October) expanded 10.5 billion yen, an increase 84.7% compared to the same period last year. The progress rate toward the full-year plan of 19.6 billion yen was 53.5%, also surpassing the five-year average of 47.3%.

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 November to April period (second half) is expected to grow 18.4% from the same period last year, reaching 9.14 billion yen.

At the same time, the company has increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 270 yen to 330 yen (compared to 250 yen in the previous period).

In the most recent three-month period, from August to October (2Q), the consolidated ordinary profit increased 96.9% from the same period last year, reaching 5.21 billion yen. The operating profit margin improved from 3.0% in the same period last year to 5.7%.

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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
May - Oct, 2022 155,003 6,014 6,184 4,173 310.4 61.3 Dec 13, 2022 J-GAAP
May - Oct, 2023 166,435 5,553 5,688 3,828 284.8 42.4 Dec 13, 2023 J-GAAP
May - Oct, 2024 178,986 10,295 10,503 6,873 511.3 53.5 Dec 12, 2024 J-GAAP
YoY +7.5% +85.4% +84.7% +79.5% +79.5%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May - Oct, 2024 Guidance 178,986 10,295 10,503 6,873 511.2 0 Dec 10, 2024 J-GAAP
May - Oct, 2024 Results 178,986 10,295 10,503 6,873 511.3 0 Dec 12, 2024 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% +0.0%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr, 2025 Prev 364,052 19,239 19,648 13,161 979.0 270 Dec 10, 2024 J-GAAP
Apr, 2025 New 364,052 19,239 19,648 13,161 979.0 330 Dec 12, 2024 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% 0.0%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Nov - Apr, 2023 174,400 7,484 7,722 5,115 380.5 250 Jun 13, 2024 J-GAAP
Nov - Apr, 2024 Guidance 185,066 8,944 9,145 6,288 467.7 330 Dec 12, 2024 J-GAAP
YoY +6.1% +19.5% +18.4% +22.9% +22.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr, 2023 316,849 9,738 10,091 5,239 389.7 250 Jun 13, 2023 J-GAAP
Apr, 2024 340,835 13,037 13,410 8,943 665.2 250 Jun 13, 2024 J-GAAP
Apr, 2025 Guidance 364,052 19,239 19,648 13,161 979.0 330 Dec 12, 2024 J-GAAP
YoY +6.8% +47.6% +46.5% +47.2% +47.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Aug - Oct, 2023 84,270 2,557 2,651 1,943 144.6 3.0 Dec 13, 2023 J-GAAP
Nov - Jan, 2023 84,960 2,872 2,972 1,997 148.6 3.4 Mar 13, 2024 J-GAAP
Feb - Apr, 2024 89,440 4,612 4,750 3,118 231.9 5.2 Jun 13, 2024 J-GAAP
May - Jul, 2024 89,012 5,168 5,284 3,519 261.8 5.8 Sep 12, 2024 J-GAAP
Aug - Oct, 2024 89,974 5,127 5,219 3,354 249.5 5.7 Dec 12, 2024 J-GAAP
YoY +6.8% +100.5% +96.9% +72.6% +72.6%

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