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TOWA Hi SYSTEM, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 3%, Exceeded Record Profit Forecast
4172 TOWA Hi SYSTEM CO.,LTD. 【J-GAAP】
Earnings ReportTOWA Hi SYSTEM CO.,LTD. <4172> [TSE Std] announced its financial results at noon (12:00) on August 12th. The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending September 2025 (October 2024 to June 2025) increased 4.9% from the same period last year, reaching 510 million yen.
In addition, the full-year forecast for ordinary profit has been revised upward 2.7%, from the previous forecast of 600 million yen to 616 million yen (compared to 587 million yen in the previous period), increasing the growth rate from 2.2% to 4.9%. The company has further increased its previous forecast of record profits for the first time in eleven years.
Based on the full-year plan announced by the company after the upward revision, our estimate of the ordinary profit for the April to September period (second half) is expected to increase 8.4%, from the previous forecast of 190 million yen to 206 million yen (compared to 198 million yen in the same period of the previous year), turning to a 4.0% increase in the ordinary profit outlook.
In the most recent three-month period, from April to June (3Q), the ordinary profit grew 3.1% from the same period last year, reaching 100 million yen. However, the operating profit margin decreased from 17.3% in the same period last year to 13.7%.
Kabutan News
Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Jun, 2022 | 1,614 | 265 | 371 | 251 | 112.7 | 96.4 | Aug 10, 2023 | J-GAAP |
| Oct - Jun, 2023 | 1,585 | 345 | 486 | 330 | 148.5 | 82.8 | Aug 7, 2024 | J-GAAP |
| Oct - Jun, 2024 | 1,754 | 416 | 510 | 340 | 152.9 | 82.8 | Aug 12, 2025 | J-GAAP |
| YoY | +10.7% | +20.6% | +4.9% | +3.0% | +3.0% |
Guidance Update
Second Half Update
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2025 Prev | 984 | 141 | 190 | 133 | 59.7 | 44 | May 14, 2025 | J-GAAP |
| Apr - Sep, 2025 New | 1,082 | 163 | 206 | 141 | 63.3 | 44 | Aug 12, 2025 | J-GAAP |
| Revision Rate | +10.0% | +15.6% | +8.4% | +6.0% | +6.0% |
Full Year Update
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Sep, 2025 Prev | 2,220 | 486 | 600 | 410 | 184.0 | 88 | Nov 14, 2024 | J-GAAP |
| Sep, 2025 New | 2,318 | 508 | 616 | 418 | 187.6 | 88 | Aug 12, 2025 | J-GAAP |
| Revision Rate | +4.4% | +4.5% | +2.7% | +2.0% | +2.0% |
Current Period Guidance
Second Half Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2024 | 1,014 | 161 | 198 | 136 | 61.2 | 58 | Nov 14, 2024 | J-GAAP |
| Apr - Sep, 2025 Guidance | 1,082 | 163 | 206 | 141 | 63.3 | 44 | Aug 12, 2025 | J-GAAP |
| YoY | +6.7% | +1.2% | +4.0% | +3.7% | +3.5% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Sep, 2023 | 2,041 | 230 | 385 | 258 | 116.0 | 50 | Nov 13, 2023 | J-GAAP |
| Sep, 2024 | 2,114 | 422 | 587 | 401 | 180.4 | 88 | Nov 14, 2024 | J-GAAP |
| Sep, 2025 Guidance | 2,318 | 508 | 616 | 418 | 187.6 | 88 | Aug 12, 2025 | J-GAAP |
| YoY | +9.6% | +20.4% | +4.9% | +4.2% | +4.0% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Jun, 2024 | 485 | 84 | 97 | 65 | 29.2 | 17.3 | Aug 7, 2024 | J-GAAP |
| Jul - Sep, 2024 | 529 | 77 | 101 | 71 | 31.9 | 14.6 | Nov 14, 2024 | J-GAAP |
| Oct - Dec, 2024 | 611 | 170 | 202 | 135 | 60.6 | 27.8 | Feb 14, 2025 | J-GAAP |
| Jan - Mar, 2025 | 625 | 175 | 208 | 142 | 63.8 | 28.0 | May 14, 2025 | J-GAAP |
| Apr - Jun, 2025 | 518 | 71 | 100 | 63 | 28.3 | 13.7 | Aug 12, 2025 | J-GAAP |
| YoY | +6.8% | -15.5% | +3.1% | -3.1% | -3.1% |
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