TOKYO AUTOMATIC MACHINERY WORKS, LTD, First Half Ordinary Profit Increases by 73%, July-September Ordinary Profit Increases by 33%

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Fri Nov 1, 2024 3:00 pm JST Earnings

6360 TOKYO AUTOMATIC MACHINERY WORKS, LTD 【J-GAAP】

Earnings Report

TOKYO AUTOMATIC MACHINERY WORKS, LTD <6360> [TSE-S] announced its financial results after the market closed on November 1st (15:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 885 million yen, an increase of 72.9% compared to the same period last year. The progress rate against the 1 billion yen full-year plan was 88.5%, also surpassing the five-year average of 24.9%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to significant drop by 88.9% from the same period last year to 115 million yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit increased by 32.8% from the same period last year, reaching 336 million yen. The operating profit margin significantly improved from 7.6% in the same period last year to 11.8%.

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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	4,547	117	206	163	117.0	18.1	Oct 28, 2022	J-GAAP
Apr - Sep, 2023	5,997	424	512	350	250.5	33.1	Nov 2, 2023	J-GAAP
Apr - Sep, 2024	6,615	790	885	611	436.2	88.5	Nov 1, 2024	J-GAAP
YoY	+10.3%	+86.3%	+72.9%	+74.6%	+74.1%

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	ー	ー	ー	ー	－	－	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	6,615	790	885	611	436.2	－	Nov 1, 2024	J-GAAP
Revision Rate	－	－	－	－	－

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	7,461	964	1,034	766	547.4	120	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	5,385	60	115	89	63.4	80	Nov 1, 2024	J-GAAP
YoY	-27.8%	-93.8%	-88.9%	-88.4%	-88.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	13,306	985	1,138	799	571.1	60	May 12, 2023	J-GAAP
Mar, 2024	13,458	1,388	1,546	1,116	797.5	120	May 10, 2024	J-GAAP
Mar, 2025 Guidance	12,000	850	1,000	700	498.7	80	May 10, 2024	J-GAAP
YoY	-10.8%	-38.8%	-35.3%	-37.3%	-37.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	2,802	214	253	173	123.8	7.6	Nov 2, 2023	J-GAAP
Oct - Dec, 2023	2,952	211	248	170	121.5	7.1	Feb 2, 2024	J-GAAP
Jan - Mar, 2024	4,509	753	786	596	425.9	16.7	May 10, 2024	J-GAAP
Apr - Jun, 2024	4,062	489	549	380	271.5	12.0	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	2,553	301	336	231	164.9	11.8	Nov 1, 2024	J-GAAP
YoY	-8.9%	+40.7%	+32.8%	+33.5%	+33.2%