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TOWA CORPORATION, First Half Ordinary Profit Increases by 89%, July-September Ordinary Profit Increases by 73%

Thu Nov 7, 2024 3:30 pm JST Earnings

6315 TOWA CORPORATION 【J-GAAP】

Earnings Report

TOWA CORPORATION <6315> [TSE-P] announced its financial results after the market closed on November 7th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 5.22 billion yen, an increase of 89.3% compared to the same period last year. However, The progress rate against the 12.6 billion yen full-year plan was 41.5%, almost the same as the five-year average of 43.7%.

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 16.7% from the same period last year, reaching 7.37 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 73.0% from the same period last year, reaching 2.8 billion yen. The operating profit margin jumped from 12.5% in the same period last year to 21.6%.

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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 28,783 5,863 6,490 4,768 63.6 63.6 Nov 9, 2022 J-GAAP
Apr - Sep, 2023 21,265 2,388 2,763 1,958 26.1 30.4 Nov 8, 2023 J-GAAP
Apr - Sep, 2024 27,398 5,261 5,229 3,826 51.0 41.5 Nov 7, 2024 J-GAAP
YoY +28.8% +120.3% +89.3% +95.4% +95.5%

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 28,700 5,650 5,650 3,960 52.8 0 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 27,398 5,261 5,229 3,826 51.0 0 Nov 7, 2024 J-GAAP
Revision Rate -4.5% -6.9% -7.5% -3.4% -3.4%

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 29,206 6,273 6,316 4,486 59.8 13.33 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 32,602 7,339 7,371 5,004 66.7 20 Nov 7, 2024 J-GAAP
YoY +11.6% +17.0% +16.7% +11.5% +11.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 53,822 10,037 10,206 7,346 97.9 13.33 May 11, 2023 J-GAAP
Mar, 2024 50,471 8,661 9,079 6,444 85.9 13.33 May 10, 2024 J-GAAP
Mar, 2025 Guidance 60,000 12,600 12,600 8,830 117.7 20 Aug 29, 2024 J-GAAP
YoY +18.9% +45.5% +38.8% +37.0% +37.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 11,754 1,468 1,624 1,176 15.7 12.5 Nov 8, 2023 J-GAAP
Oct - Dec, 2023 10,767 1,687 1,555 1,154 15.4 15.7 Feb 7, 2024 J-GAAP
Jan - Mar, 2024 18,439 4,586 4,761 3,332 44.4 24.9 May 10, 2024 J-GAAP
Apr - Jun, 2024 13,253 2,212 2,420 1,690 22.5 16.7 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 14,145 3,049 2,809 2,136 28.5 21.6 Nov 7, 2024 J-GAAP
YoY +20.3% +107.7% +73.0% +81.6% +81.6%

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