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TODA CORPORATION, July-September (2Q) Ordinary Profit Increases by 48%

Wed Nov 13, 2024 11:30 am JST Earnings

1860 TODA CORPORATION 【J-GAAP】

Earnings Report

TODA CORPORATION <1860> [TSE-P] announced its financial results at noon (11:30) on November 13th. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 4.9% from the same period last year to 7.84 billion yen. The progress rate against the 35.5 billion yen full-year plan was 22.1%, also falling below the five-year average of 31.7%.

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 by 60.4% from the same period last year, reaching 27.6 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 48.3% from the same period last year, reaching 5.38 billion yen. The operating profit margin significantly improved from 0.9% in the same period last year to 4.7%.

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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
Apr - Sep, 2022 239,805 467 3,749 3,201 10.4 19.7 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 230,329 3,180 8,243 5,209 16.8 32.3 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 241,261 5,969 7,841 7,175 23.7 22.1 Nov 13, 2024 J-GAAP
YoY +4.7% +87.7% -4.9% +37.7% +41.0%

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 ー ー ー ー － 14.50 May 15, 2024 J-GAAP
Apr - Sep, 2024 Results 241,261 5,969 7,841 7,175 23.7 14.50 Nov 13, 2024 J-GAAP
Revision Rate － － － － －

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 292,105 14,728 17,240 10,892 35.3 14 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 358,739 24,031 27,659 19,825 66.1 14.50 Nov 13, 2024 J-GAAP
YoY +22.8% +63.2% +60.4% +82.0% +87.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 547,155 14,135 19,039 10,995 35.6 27 May 15, 2023 J-GAAP
Mar, 2024 522,434 17,908 25,483 16,101 52.2 28 May 15, 2024 J-GAAP
Mar, 2025 Guidance 600,000 30,000 35,500 27,000 90.0 29 May 15, 2024 J-GAAP
YoY +14.8% +67.5% +39.3% +67.7% +72.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 115,938 1,057 3,633 3,288 10.6 0.9 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 122,423 4,607 6,779 1,409 4.6 3.8 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 169,682 10,121 10,461 9,483 30.7 6.0 May 15, 2024 J-GAAP
Apr - Jun, 2024 111,788 -107 2,455 3,717 12.2 -0.1 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 129,473 6,076 5,386 3,458 11.4 4.7 Nov 13, 2024 J-GAAP
YoY +11.7% +474.8% +48.3% +5.2% +7.7%

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