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TOHO TITANIUM COMPANY LIMITED, First Half Ordinary Profit Decreases by 53%, July-September Ordinary Profit Turns to Loss

Fri Nov 8, 2024 1:00 pm JST Earnings

5727 TOHO TITANIUM COMPANY LIMITED 【J-GAAP】

Earnings Report

TOHO TITANIUM COMPANY LIMITED <5727> [TSE-P] announced its financial results in the afternoon session on November 8th (13:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) significantly dropped by 53.1% from the same period last year to 1.49 billion yen. The progress rate against the 5 billion yen full-year plan was 29.9%, also falling below the five-year average of 50.3%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow by 13.5% from the same period last year, reaching 3.5 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a loss of 353 million yen (compared to a profit of 1.9 billion yen in the same period last year). The operating profit margin drastically worsened from 8.1% in the same period last year to 4.4%.

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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 38,890 5,823 6,406 4,536 63.7 60.8 Oct 27, 2022 J-GAAP
Apr - Sep, 2023 36,649 2,341 3,182 2,436 34.2 50.7 Oct 26, 2023 J-GAAP
Apr - Sep, 2024 43,779 2,413 1,493 985 13.8 29.9 Nov 8, 2024 J-GAAP
YoY +19.5% +3.1% -53.1% -59.6% -59.6%

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 45,300 1,900 1,400 700 9.8 8 May 8, 2024 J-GAAP
Apr - Sep, 2024 Results 43,779 2,413 1,493 985 13.8 8 Nov 8, 2024 J-GAAP
Revision Rate -3.4% +27.0% +6.6% +40.7% +40.7%

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 41,755 3,287 3,091 2,515 35.3 18 May 8, 2024 J-GAAP
Oct - Mar, 2024 Guidance 51,521 3,287 3,507 2,715 38.2 8 Nov 8, 2024 J-GAAP
YoY +23.4% 0.0% +13.5% +8.0% +8.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 80,351 10,693 10,532 7,504 105.4 30 May 8, 2023 J-GAAP
Mar, 2024 78,404 5,628 6,273 4,951 69.6 24 May 8, 2024 J-GAAP
Mar, 2025 Guidance 95,300 5,700 5,000 3,700 52.0 16 May 8, 2024 J-GAAP
YoY +21.5% +1.3% -20.3% -25.3% -25.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 20,494 1,663 1,906 1,483 20.8 8.1 Oct 26, 2023 J-GAAP
Oct - Dec, 2023 19,841 1,541 866 609 8.6 7.8 Jan 25, 2024 J-GAAP
Jan - Mar, 2024 21,914 1,746 2,225 1,906 26.8 8.0 May 8, 2024 J-GAAP
Apr - Jun, 2024 21,355 1,768 2,184 1,487 20.9 8.3 Aug 5, 2024 J-GAAP
Jul - Sep, 2024 22,424 645 -691 -502 -7.1 2.9 Nov 8, 2024 J-GAAP
YoY +9.4% -61.2%

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