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TAIYO HOLDINGS, The Current Fiscal Year Ordinary Profit Revised Upward by 3%, Exceeded Record Profit Forecast

Wed Feb 5, 2025 12:00 pm JST Earnings

4626 TAIYO HOLDINGS CO.,LTD. 【J-GAAP】

Earnings Report

TAIYO HOLDINGS CO.,LTD. <4626> [TSE Prime] announced its financial results at noon (12:00) on February 5th. The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 28.9% from the same period last year, reaching 17.7 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward 2.8%, from the previous forecast of 21.1 billion yen to 21.7 billion yen (compared to 17.3 billion yen in the previous period), increasing the growth rate from 21.9% to 25.4%. The company has further increased its previous forecast of record profits for the first time in three years.

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 6.9%, from the previous forecast of 8.68 billion yen to 9.28 billion yen (compared to 8.65 billion yen in the same period of the previous year), increasing the growth rate from 0.3% to 7.2%.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 4.1% from the same period last year, reaching 5.32 billion yen. However, the operating profit margin decreased from 19.2% in the same period last year to 18.2%.

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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 76,772 14,269 13,910 10,320 92.1 90.0 Feb 10, 2023 J-GAAP
Apr - Dec, 2023 78,040 14,256 13,771 10,196 91.3 79.6 Feb 2, 2024 J-GAAP
Apr - Dec, 2024 90,682 18,020 17,746 12,965 116.0 81.8 Feb 5, 2025 J-GAAP
YoY +16.2% +26.4% +28.9% +27.2% +27.1%

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 57,801 9,270 8,682 5,291 47.7 20 Nov 6, 2024 J-GAAP
Oct - Mar, 2024 New 58,701 9,870 9,282 5,691 51.3 20 Feb 5, 2025 J-GAAP
Revision Rate +1.6% +6.5% +6.9% +7.6% +7.6%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 117,700 21,700 21,100 14,500 130.6 40 Nov 6, 2024 J-GAAP
Mar, 2025 New 118,600 22,300 21,700 14,900 134.2 40 Feb 5, 2025 J-GAAP
Revision Rate +0.8% +2.8% +2.8% +2.8% +2.8%

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 58,701 9,870 9,282 5,691 51.3 20 Feb 5, 2025 J-GAAP
YoY +9.4% +8.3% +7.2% +135.0% +136.4%

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 118,600 22,300 21,700 14,900 134.2 40 Feb 5, 2025 J-GAAP
YoY +13.2% +22.5% +25.4% +72.2% +73.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Oct - Dec, 2024 30,783 5,590 5,328 3,756 33.6 18.2 Feb 5, 2025 J-GAAP
YoY +14.3% +8.2% +4.1% -5.2% -5.3%

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