TOHOKUSHINSHA FILM, The Current Fiscal Year Net Income Revised Upward to an Unexpected 87% Increase, Highest in Twenty Three Terms

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Fri Feb 14, 2025 3:30 pm JST Earnings

2329 TOHOKUSHINSHA FILM CORPORATION 【J-GAAP】

Earnings Report

TOHOKUSHINSHA FILM CORPORATION <2329> [TSE Std] announced its financial results after the market closed on February 14th (15:30). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2025 (April to December) was 1.68 billion yen, a 1.2% decrease compared to the same period last year.

However, the full-year consolidated net income has been revised upward 2.2 times, from the previous forecast of 3.46 billion yen to 7.52 billion yen (compared to 4.02 billion yen in the previous period), reaches new record high for the first time in twenty three terms, turning to a 87.1% increase in the consolidated net income outlook.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated net income for the October to March period (2H) is expected to increase 3.3 times, from the previous forecast of 1.79 billion yen to 5.84 billion yen (compared to 2.67 billion yen in the same period of the previous year), turning to a 2.2 times increase in the consolidated net income outlook.

In the most recent three-month period, from October to December (3Q), the consolidated net income significantly dropped to 0.01 billion yen, a 96.7% decrease compared to the same period last year. However, the operating profit margin significantly improved from 5.4% in the same period last year to 9.3%.

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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	38,299	2,572	3,048	1,830	13.6	63.2	Feb 10, 2023	J-GAAP
Apr - Dec, 2023	36,537	1,446	965	1,709	12.7	43.6	Feb 9, 2024	J-GAAP
Apr - Dec, 2024	31,532	1,903	2,354	1,688	12.5	87.0	Feb 14, 2025	J-GAAP
YoY	-13.7%	+31.6%	+143.9%	-1.2%	-1.3%

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	26,234	1,354	1,679	1,793	13.0	13	Nov 8, 2024	J-GAAP
Oct - Mar, 2024 New	26,234	1,354	1,679	5,848	42.5	13	Feb 14, 2025	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	+226.2%	+226.3%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	46,045	2,163	2,705	3,469	25.2	26	Jun 27, 2024	J-GAAP
Mar, 2025 New	46,045	2,163	2,705	7,524	54.7	26	Feb 14, 2025	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	+116.9%	+116.9%

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	28,478	1,885	1,983	2,676	19.9	26	May 17, 2024	J-GAAP
Oct - Mar, 2024 Guidance	26,234	1,354	1,679	5,848	42.5	13	Feb 14, 2025	J-GAAP
YoY	-7.9%	-28.2%	-15.3%	+118.5%	+114.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	55,922	4,201	4,820	3,133	23.2	6.33	May 19, 2023	J-GAAP
Mar, 2024	52,819	2,678	2,214	4,021	29.8	26	May 17, 2024	J-GAAP
Mar, 2025 Guidance	46,045	2,163	2,705	7,524	54.7	26	Feb 14, 2025	J-GAAP
YoY	-12.8%	-19.2%	+22.2%	+87.1%	+83.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	12,196	653	734	364	2.7	5.4	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	16,282	1,232	1,249	2,312	17.2	7.6	May 17, 2024	J-GAAP
Apr - Jun, 2024	9,513	363	420	1,374	10.2	3.8	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	10,298	446	606	302	2.2	4.3	Nov 8, 2024	J-GAAP
Oct - Dec, 2024	11,721	1,094	1,328	12	0.1	9.3	Feb 14, 2025	J-GAAP
YoY	-3.9%	+67.5%	+80.9%	-96.7%	-96.7%