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TAIYO HOLDINGS CO.,LTD., The Current Fiscal Year Ordinary Profit Revised Upward by 6%, Exceeded record profit forecast

Wed Nov 6, 2024 12:00 pm JST Earnings

4626 TAIYO HOLDINGS CO.,LTD. 【J-GAAP】

Earnings Report

TAIYO HOLDINGS CO.,LTD. <4626> [TSE-P] announced its financial results at noon (12:00) on November 6th. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 12.4 billion yen, an increase of 43.5% compared to the same period last year.

In addition, the full-year consolidated ordinary profit has been revised upward by 5.5%, from the previous forecast of 20 billion yen to 21.1 billion yen (compared to 17.3 billion yen in the previous period), increasing the growth rate from 15.5% to 21.9%. The company has further increased its previous forecast of record profits for the first time in three years.

Based on the first-half performance announced by the company and the 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 8.68 billion yen, up 0.3% from the same period last year.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 15.1% from the same period last year, reaching 6.23 billion yen. The operating profit margin rose from 20.6% in the same period last year to 20.9%.

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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 52,795 10,548 10,203 7,489 66.7 66.0 Nov 7, 2022 J-GAAP
Apr - Sep, 2023 51,107 9,089 8,651 6,232 55.8 50.0 Nov 6, 2023 J-GAAP
Apr - Sep, 2024 59,899 12,430 12,418 9,209 82.3 58.9 Nov 6, 2024 J-GAAP
YoY +17.2% +36.8% +43.5% +47.8% +47.4%

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 59,400 11,700 11,400 8,000 71.4 20 Aug 1, 2024 J-GAAP
Apr - Sep, 2024 Results 59,899 12,430 12,418 9,209 82.3 20 Nov 6, 2024 J-GAAP
Revision Rate +0.8% +6.2% +8.9% +15.1% +15.2%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 116,100 20,600 20,000 13,800 124.3 40 Aug 1, 2024 J-GAAP
Mar, 2025 New 117,700 21,700 21,100 14,500 130.6 40 Nov 6, 2024 J-GAAP
Revision Rate +1.4% +5.3% +5.5% +5.1% +5.1%

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 53,668 9,114 8,659 2,422 21.7 21 May 1, 2024 J-GAAP
Oct - Mar, 2024 Guidance 57,801 9,270 8,682 5,291 47.7 20 Nov 6, 2024 J-GAAP
YoY +7.7% +1.7% +0.3% +118.5% +119.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 97,338 15,972 15,462 11,405 101.9 44.50 May 1, 2023 J-GAAP
Mar, 2024 104,775 18,203 17,310 8,654 77.5 40 May 1, 2024 J-GAAP
Mar, 2025 Guidance 117,700 21,700 21,100 14,500 130.6 40 Nov 6, 2024 J-GAAP
YoY +12.3% +19.2% +21.9% +67.6% +68.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 27,246 5,619 5,416 3,671 32.9 20.6 Nov 6, 2023 J-GAAP
Oct - Dec, 2023 26,933 5,167 5,120 3,964 35.5 19.2 Feb 2, 2024 J-GAAP
Jan - Mar, 2024 26,735 3,947 3,539 -1,542 -13.8 14.8 May 1, 2024 J-GAAP
Apr - Jun, 2024 30,854 6,358 6,183 4,605 41.2 20.6 Aug 1, 2024 J-GAAP
Jul - Sep, 2024 29,045 6,072 6,235 4,604 41.1 20.9 Nov 6, 2024 J-GAAP
YoY +6.6% +8.1% +15.1% +25.4% +25.1%

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