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TOTETSU KOGYO CO.,LTD., The Current Fiscal Year Ordinary Profit Revised Upward by 12%

Thu Nov 7, 2024 3:30 pm JST Earnings

1835 TOTETSU KOGYO CO.,LTD. 【J-GAAP】

Earnings Report

TOTETSU KOGYO CO.,LTD. <1835> [TSE-P] 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 2025 (April to September) expanded to 4.39 billion yen, an increase of 38.2% compared to the same period last year, exceeded the previous forecast of 3.4 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward by 11.7%, from the previous forecast of 12.8 billion yen to 14.3 billion yen (compared to 12.1 billion yen in the previous period), increasing the growth rate from 5.7% to 18.1%.

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 October to March period (second half) is expected to grow by 11.0% from the same period last year, reaching 9.9 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 21.0% from the same period last year, reaching 2.82 billion yen. The operating profit margin improved from 7.1% in the same period last year to 7.8%.

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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
Apr - Sep, 2022 48,935 2,420 2,622 2,065 60.0 27.6 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 56,649 2,953 3,181 2,168 63.0 26.3 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 61,989 4,120 4,396 3,227 93.7 30.7 Nov 7, 2024 J-GAAP
YoY +9.4% +39.5% +38.2% +48.8% +48.8%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Guidance 58,000 3,200 3,400 2,400 69.7 50 May 15, 2024 J-GAAP
Apr - Sep, 2024 Results 61,989 4,120 4,396 3,227 93.7 50 Nov 7, 2024 J-GAAP
Revision Rate +6.9% +28.7% +29.3% +34.5% +34.5%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 147,000 12,500 12,800 9,000 261.4 100 May 15, 2024 J-GAAP
Mar, 2025 New 160,000 14,000 14,300 10,000 290.4 100 Nov 7, 2024 J-GAAP
Revision Rate +8.8% +12.0% +11.7% +11.1% +11.1%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2023 85,196 8,798 8,925 6,128 178.0 50 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 98,011 9,880 9,904 6,773 196.7 50 Nov 7, 2024 J-GAAP
YoY +15.0% +12.3% +11.0% +10.5% +10.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 124,661 9,070 9,487 7,905 229.7 92 May 12, 2023 J-GAAP
Mar, 2024 141,845 11,751 12,106 8,296 241.0 97 May 15, 2024 J-GAAP
Mar, 2025 Guidance 160,000 14,000 14,300 10,000 290.4 100 Nov 7, 2024 J-GAAP
YoY +12.8% +19.1% +18.1% +20.5% +20.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 32,253 2,280 2,336 1,650 47.9 7.1 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 35,713 3,807 3,925 2,707 78.6 10.7 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 49,483 4,991 5,000 3,421 99.4 10.1 May 15, 2024 J-GAAP
Apr - Jun, 2024 26,207 1,327 1,570 1,421 41.3 5.1 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 35,782 2,793 2,826 1,806 52.5 7.8 Nov 7, 2024 J-GAAP
YoY +10.9% +22.5% +21.0% +9.5% +9.4%

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