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TOYOBO CO.,LTD., July-September (2Q) Ordinary Profit Decreases by 14%

Thu Nov 7, 2024 1:00 pm JST Earnings

3101 TOYOBO CO.,LTD. 【J-GAAP】

Earnings Report

TOYOBO CO.,LTD. <3101> [TSE-P] announced its financial results in the afternoon session on November 7th (13:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 3.1 times that of the same period last year, reaching 3.18 billion yen. However, The progress rate against the 11.5 billion yen full-year plan was 27.7%, also falling below the five-year average of 50.6%.

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 40.4% from the same period last year, reaching 8.32 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 1.16 billion yen, a 14.0% decrease compared to the same period last year. However, the operating profit margin improved from 2.4% in the same period last year to 3.7%.

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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 201,123 7,885 6,760 10,970 123.4 102.6 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 199,419 2,361 1,038 2,011 22.8 14.9 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 209,161 6,931 3,180 114 1.3 27.7 Nov 7, 2024 J-GAAP
YoY +4.9% +193.6% +206.4% -94.3% -94.3%

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 － 0 May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 209,161 6,931 3,180 114 1.3 0 Nov 7, 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 214,846 6,634 5,924 444 5.0 40 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 225,839 10,069 8,320 2,486 28.2 40 Nov 7, 2024 J-GAAP
YoY +5.1% +51.8% +40.4% +459.9% +459.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 399,921 10,063 6,590 -655 -7.4 40 May 11, 2023 J-GAAP
Mar, 2024 414,265 8,995 6,962 2,455 27.9 40 May 13, 2024 J-GAAP
Mar, 2025 Guidance 435,000 17,000 11,500 2,600 29.5 40 May 13, 2024 J-GAAP
YoY +5.0% +89.0% +65.2% +5.9% +5.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 102,361 2,446 1,355 2,519 28.6 2.4 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 107,904 2,631 1,357 -438 -5.0 2.4 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 106,942 4,003 4,567 882 10.0 3.7 May 13, 2024 J-GAAP
Apr - Jun, 2024 105,175 3,089 2,015 784 8.9 2.9 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 103,986 3,842 1,165 -670 -7.6 3.7 Nov 7, 2024 J-GAAP
YoY +1.6% +57.1% -14.0% － －

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