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TOKAI Holdings Corporation, July-September (2Q) Ordinary Profit Decreases by 17%

Fri Nov 1, 2024 3:30 pm JST Earnings

3167 TOKAI Holdings Corporation 【J-GAAP】

Earnings Report

TOKAI Holdings Corporation <3167> [TSE-P] announced its financial results after the market closed on November 1st (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 12.1% from the same period last year, reaching 4.88 billion yen. However, The progress rate against the 16 billion yen full-year plan was 30.5%, almost the same as the five-year average of 30.8%.

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 nearly flat at 11.1 billion yen, down 0.5% from the same period last year.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 1.44 billion yen, a 17.1% decrease compared to the same period last year. The operating profit margin worsened from 3.5% in the same period last year to 2.4%.

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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 104,110 4,253 2,432 147 1.1 18.3 Dec 14, 2022 J-GAAP
Apr - Sep, 2023 105,226 4,254 4,355 2,219 17.0 28.0 Nov 2, 2023 J-GAAP
Apr - Sep, 2024 111,088 4,660 4,882 2,390 18.3 30.5 Nov 1, 2024 J-GAAP
YoY +5.6% +9.5% +12.1% +7.7% +7.6%

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 － 17 May 9, 2024 J-GAAP
Apr - Sep, 2024 Results 111,088 4,660 4,882 2,390 18.3 17 Nov 1, 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 126,287 11,257 11,176 6,262 48.0 17 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 132,912 11,340 11,118 6,610 50.6 17 Nov 1, 2024 J-GAAP
YoY +5.2% +0.7% -0.5% +5.6% +5.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 230,190 14,919 13,289 6,465 49.4 32 May 9, 2023 J-GAAP
Mar, 2024 231,513 15,511 15,531 8,481 64.9 33 May 9, 2024 J-GAAP
Mar, 2025 Guidance 244,000 16,000 16,000 9,000 68.9 34 May 9, 2024 J-GAAP
YoY +5.4% +3.2% +3.0% +6.1% +6.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 51,255 1,770 1,738 881 6.8 3.5 Nov 2, 2023 J-GAAP
Oct - Dec, 2023 59,450 4,543 4,613 2,715 20.8 7.6 Feb 1, 2024 J-GAAP
Jan - Mar, 2024 66,837 6,714 6,563 3,547 27.2 10.0 May 9, 2024 J-GAAP
Apr - Jun, 2024 56,205 3,319 3,441 1,872 14.3 5.9 Aug 1, 2024 J-GAAP
Jul - Sep, 2024 54,883 1,341 1,441 518 4.0 2.4 Nov 1, 2024 J-GAAP
YoY +7.1% -24.2% -17.1% -41.2% -41.2%

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