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TODA, The Current Fiscal Year Ordinary Profit Revised Downward to an Unexpected 14% Decrease

Wed Feb 12, 2025 11:30 am JST Earnings

1860 TODA CORPORATION 【J-GAAP】

Earnings Report

TODA CORPORATION <1860> [TSE Prime] announced its financial results at noon (11:30) on February 12th. The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 3.1% from the same period last year to 14.5 billion yen.

In addition, the full-year consolidated ordinary profit has decreased 14.5%, from the previous forecast of 25.5 billion yen to 21.8 billion yen (compared to 25.4 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 14.5% decrease in profit.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) has decreased 21.0%, from the previous forecast of 17.6 billion yen to 13.9 billion yen (compared to 17.2 billion yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 19.0% decrease in profit.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit amounted to 6.71 billion yen, a 0.9% decrease compared to the same period last year. However, the operating profit margin improved from 3.8% in the same period last year to 4.4%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Dec, 2022 381,072 4,558 9,024 8,370 27.2 47.4 Feb 13, 2023 J-GAAP
Apr - Dec, 2023 352,752 7,787 15,022 6,618 21.4 58.9 Feb 13, 2024 J-GAAP
Apr - Dec, 2024 380,752 12,048 14,557 14,057 46.6 66.8 Feb 12, 2025 J-GAAP
YoY +7.9% +54.7% -3.1% +112.4% +117.9%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Prev 348,739 14,031 17,659 12,825 42.7 14.50 Dec 26, 2024 J-GAAP
Oct - Mar, 2024 New 338,739 14,031 13,959 11,225 37.4 14.50 Feb 12, 2025 J-GAAP
Revision Rate -2.9% 0.0% -21.0% -12.5% -12.5%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 590,000 20,000 25,500 20,000 66.7 29 Dec 26, 2024 J-GAAP
Mar, 2025 New 580,000 20,000 21,800 18,400 61.3 29 Feb 12, 2025 J-GAAP
Revision Rate -1.7% 0.0% -14.5% -8.0% -8.0%

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 338,739 14,031 13,959 11,225 37.4 14.50 Feb 12, 2025 J-GAAP
YoY +16.0% -4.7% -19.0% +3.1% +5.9%

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 580,000 20,000 21,800 18,400 61.3 29 Feb 12, 2025 J-GAAP
YoY +11.0% +11.7% -14.5% +14.3% +17.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Oct - Dec, 2024 139,491 6,079 6,716 6,882 22.8 4.4 Feb 12, 2025 J-GAAP
YoY +13.9% +32.0% -0.9% +388.4% +401.3%

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