TOSOH, The Current Fiscal Year Ordinary Profit Revised Upward to an Unexpected 9% Increase

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Thu Feb 6, 2025 1:00 pm JST Earnings

4042 TOSOH CORPORATION 【J-GAAP】

Earnings Report

TOSOH CORPORATION <4042> [TSE Prime] announced its financial results in the afternoon session on February 6th (13:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 20.2% from the same period last year, reaching 82.5 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward 11.7%, from the previous forecast of 94 billion yen to 105 billion yen (compared to 95.9 billion yen in the previous period), turning to a 9.5% increase in the consolidated ordinary profit outlook.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) is expected to increase 22.5%, from the previous forecast of 48.8 billion yen to 59.8 billion yen (compared to 51.5 billion yen in the same period of the previous year), turning to a 16.2% increase in the consolidated ordinary profit outlook.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 54.2% from the same period last year, reaching 37.4 billion yen. However, the operating profit margin decreased from 10.5% in the same period last year to 10.2%.

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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	794,586	58,900	72,302	46,314	145.5	80.4	Feb 3, 2023	J-GAAP
Apr - Dec, 2023	747,889	59,551	68,672	41,367	130.0	71.6	Feb 5, 2024	J-GAAP
Apr - Dec, 2024	795,696	74,600	82,545	48,525	152.4	78.6	Feb 6, 2025	J-GAAP
YoY	+6.4%	+25.3%	+20.2%	+17.3%	+17.3%

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	562,377	46,613	48,894	28,059	88.1	50	Nov 5, 2024	J-GAAP
Oct - Mar, 2024 New	542,377	50,613	59,894	36,059	113.2	50	Feb 6, 2025	J-GAAP
Revision Rate	-3.6%	+8.6%	+22.5%	+28.5%	+28.5%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	1,090,000	94,000	94,000	53,000	166.4	100	Nov 5, 2024	J-GAAP
Mar, 2025 New	1,070,000	98,000	105,000	61,000	191.5	100	Feb 6, 2025	J-GAAP
Revision Rate	-1.8%	+4.3%	+11.7%	+15.1%	+15.1%

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	519,961	47,741	51,531	30,608	96.2	45	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	542,377	50,613	59,894	36,059	113.2	50	Feb 6, 2025	J-GAAP
YoY	+4.3%	+6.0%	+16.2%	+17.8%	+17.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	1,064,376	74,606	89,983	50,335	158.1	80	May 12, 2023	J-GAAP
Mar, 2024	1,005,640	79,845	95,920	57,324	180.1	85	May 13, 2024	J-GAAP
Mar, 2025 Guidance	1,070,000	98,000	105,000	61,000	191.5	100	Feb 6, 2025	J-GAAP
YoY	+6.4%	+22.7%	+9.5%	+6.4%	+6.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	262,210	27,447	24,283	14,651	46.0	10.5	Feb 5, 2024	J-GAAP
Jan - Mar, 2024	257,751	20,294	27,248	15,957	50.1	7.9	May 13, 2024	J-GAAP
Apr - Jun, 2024	252,862	19,816	27,359	16,232	51.0	7.8	Aug 2, 2024	J-GAAP
Jul - Sep, 2024	274,761	27,571	17,747	8,709	27.4	10.0	Nov 5, 2024	J-GAAP
Oct - Dec, 2024	268,073	27,213	37,439	23,584	74.1	10.2	Feb 6, 2025	J-GAAP
YoY	+2.2%	-0.9%	+54.2%	+61.0%	+60.9%