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TOYO KANETSU, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 77%

Fri Feb 14, 2025 4:30 pm JST Earnings

6369 TOYO KANETSU K.K. 【J-GAAP】

Earnings Report

TOYO KANETSU K.K. <6369> [TSE Prime] announced its financial results after the market closed on February 14th (16:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 2.69 billion yen, an increase 76.9% compared to the same period last year. The progress rate toward the full-year plan of 4.1 billion yen was 65.7%, exceeding the five-year average of 57.7%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to drop 31.6% from the same period last year to 1.4 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit amounted to 0.65 billion yen, an increase of 1.5% compared to the same period last year. The operating profit margin remained almost flat, changing from 3.8% in the same period last year to 4.0%.

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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 33,240 1,152 1,590 1,142 141.0 54.9 Feb 13, 2023 J-GAAP
Apr - Dec, 2023 37,012 1,073 1,523 1,693 216.6 42.6 Feb 13, 2024 J-GAAP
Apr - Dec, 2024 42,808 2,488 2,694 2,063 267.5 65.7 Feb 14, 2025 J-GAAP
YoY +15.7% +131.9% +76.9% +21.9% +23.5%

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 30,647 2,539 2,702 3,152 404.5 229 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 31,025 1,983 2,062 1,184 153.5 132 Nov 14, 2024 J-GAAP
YoY +1.2% -21.9% -23.7% -62.4% -62.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 47,351 2,497 2,896 2,378 293.6 147 May 12, 2023 J-GAAP
Mar, 2024 53,787 3,090 3,579 3,554 456.1 229 May 14, 2024 J-GAAP
Mar, 2025 Guidance 59,500 3,900 4,100 2,800 363.0 182 Aug 9, 2024 J-GAAP
YoY +10.6% +26.2% +14.6% -21.2% -20.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 13,872 522 646 1,291 165.2 3.8 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 16,775 2,017 2,056 1,861 238.9 12.0 May 14, 2024 J-GAAP
Apr - Jun, 2024 13,996 1,302 1,446 949 123.2 9.3 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 14,479 615 592 667 86.5 4.2 Nov 14, 2024 J-GAAP
Oct - Dec, 2024 14,333 571 656 447 58.0 4.0 Feb 14, 2025 J-GAAP
YoY +3.3% +9.4% +1.5% -65.4% -64.9%

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