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TOMOKU CO.,LTD., First Half Ordinary Profit Decreases by 14%, July-September Ordinary Profit Decreases by 21%

Thu Oct 31, 2024 3:00 pm JST Earnings

3946 TOMOKU CO.,LTD. 【J-GAAP】

Earnings Report

TOMOKU CO.,LTD. <3946> [TSE-P] announced its financial results after the market closed on October 31st (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 14.0% from the same period last year to 3.06 billion yen. The progress rate against the 10.4 billion yen full-year plan was 29.4%, also falling below the five-year average of 32.6%.

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 45.2% from the same period last year, reaching 7.34 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 1.96 billion yen, a 20.8% decrease compared to the same period last year. The operating profit margin worsened from 4.6% in the same period last year to 4.2%.

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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 105,553 2,842 3,644 2,369 144.3 45.6 Oct 31, 2022 J-GAAP
Apr - Sep, 2023 102,367 3,103 3,559 2,217 134.9 41.3 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 105,061 3,147 3,060 1,915 116.5 29.4 Oct 31, 2024 J-GAAP
YoY +2.6% +1.4% -14.0% -13.6% -13.7%

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 108,500 3,200 3,300 2,000 121.5 45 May 8, 2024 J-GAAP
Apr - Sep, 2024 Results 105,061 3,147 3,060 1,915 116.5 45 Oct 31, 2024 J-GAAP
Revision Rate -3.2% -1.7% -7.3% -4.3% -4.1%

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 109,159 4,954 5,055 3,091 188.1 35 May 8, 2024 J-GAAP
Oct - Mar, 2024 Guidance 120,939 7,153 7,340 5,085 308.8 45 Oct 31, 2024 J-GAAP
YoY +10.8% +44.4% +45.2% +64.5% +64.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 212,817 7,452 7,983 5,251 319.7 60 May 9, 2023 J-GAAP
Mar, 2024 211,526 8,057 8,614 5,308 323.0 70 May 8, 2024 J-GAAP
Mar, 2025 Guidance 226,000 10,300 10,400 7,000 425.1 90 May 8, 2024 J-GAAP
YoY +6.8% +27.8% +20.7% +31.9% +31.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 53,775 2,489 2,483 1,626 99.0 4.6 Oct 31, 2023 J-GAAP
Oct - Dec, 2023 54,110 2,580 2,381 1,487 90.5 4.8 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 55,049 2,374 2,674 1,604 97.6 4.3 May 8, 2024 J-GAAP
Apr - Jun, 2024 49,372 818 1,093 670 40.8 1.7 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 55,689 2,329 1,967 1,245 75.7 4.2 Oct 31, 2024 J-GAAP
YoY +3.6% -6.4% -20.8% -23.4% -23.5%

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