TOW CO.,LTD., July-September (1Q) Ordinary Profit Decreases by 10%

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Thu Nov 14, 2024 1:00 pm JST Earnings

4767 TOW CO.,LTD. 【J-GAAP】

Earnings Report

TOW CO.,LTD. <4767> [TSE-S] announced its financial results in the afternoon session on November 14th (13:00). The consolidated ordinary profit for the first quarter of the fiscal year ending June 2025 (July to September) decreased by 9.7% from the same period last year to 352 million yen. The progress rate against the 1.1 billion yen plan for the six months ending December (first half) was 32.0%, also falling below the five-year average of 35.6%.

In the most recent three-month period, from July to September (1Q), the operating profit margin worsened from 9.9% in the same period last year to 8.9%.

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Actual Results

Accumulated Results 1st Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jul - Sep, 2022	2,698	150	164	-327	-7.3	24.2	Nov 14, 2022	J-GAAP
Jul - Sep, 2023	3,793	375	390	248	6.2	28.9	Nov 14, 2023	J-GAAP
Jul - Sep, 2024	3,849	342	352	227	5.6	32.0	Nov 14, 2024	J-GAAP
YoY	+1.5%	-8.8%	-9.7%	-8.5%	-8.9%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	9,563	1,333	1,348	893	22.1	7	Feb 8, 2024	J-GAAP
Jul - Dec, 2024 Guidance	9,000	1,089	1,100	732	17.9	7.50	Aug 8, 2024	J-GAAP
YoY	-5.9%	-18.3%	-18.4%	-18.0%	-19.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jun, 2023	11,774	1,150	1,178	355	8.6	14.40	Aug 9, 2023	J-GAAP
Jun, 2024	17,503	2,006	2,058	1,405	34.7	14	Aug 8, 2024	J-GAAP
Jun, 2025 Guidance	18,000	2,120	2,150	1,428	34.8	15	Aug 8, 2024	J-GAAP
YoY	+2.8%	+5.7%	+4.5%	+1.6%	+0.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	3,793	375	390	248	6.2	9.9	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	5,770	958	958	645	16.0	16.6	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	3,589	320	338	223	5.5	8.9	May 15, 2024	J-GAAP
Apr - Jun, 2024	4,351	353	372	289	7.1	8.1	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	3,849	342	352	227	5.6	8.9	Nov 14, 2024	J-GAAP
YoY	+1.5%	-8.8%	-9.7%	-8.5%	-8.9%