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TOYO KANETSU, 14% Decrease in Ordinary Profit for The Current Fiscal Year, Despite Last Fiscal Year's Dividend Increase, This Fiscal Year to Decrease Dividend

Wed May 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 May 14th (16:30). The consolidated ordinary profit for the fiscal year ending March 2025 increased 23.0% from the previous period to 4.4 billion yen. However, for the fiscal year ending March 2026, the consolidated ordinary profit is expected to decrease by 13.7% from the previous period to 3.8 billion yen.

At the same time, the company increased the annual dividend for the previous term from 182 yen to 236 yen (compared to 229 yen in the prior term), and has decided to reduce the dividend this fiscal year to 200 yen, a decrease of 36 yen from the previous fiscal year.

In the most recent three-month period, from January to March (4Q), the consolidated ordinary profit decreased to 1.7 billion yen, a 16.9% decrease compared to the same period last year. The operating profit margin decreased from 12.0% in the same period last year to 9.3%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 47,351 2,497 2,896 2,378 146.8 73.50 May 12, 2023 J-GAAP
Mar, 2024 53,787 3,090 3,579 3,554 228.1 114.50 May 14, 2024 J-GAAP
Mar, 2025 60,474 4,131 4,403 3,638 235.8 118 May 14, 2025 J-GAAP
YoY +12.4% +33.7% +23.0% +2.4% +3.4%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Guidance 59,500 3,900 4,100 2,800 181.5 91 Aug 9, 2024 J-GAAP
Mar, 2025 Results 60,474 4,131 4,403 3,638 235.8 118 May 14, 2025 J-GAAP
Revision Rate +1.6% +5.9% +7.4% +29.9% +29.9%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 28,475 1,917 2,038 1,616 104.8 25 Nov 14, 2024 J-GAAP
Apr - Sep, 2025 Guidance 27,500 800 820 570 36.9 50 May 14, 2025 J-GAAP
YoY -3.4% -58.3% -59.8% -64.7% -64.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 53,787 3,090 3,579 3,554 228.1 114.50 May 14, 2024 J-GAAP
Mar, 2025 60,474 4,131 4,403 3,638 235.8 118 May 14, 2025 J-GAAP
Mar, 2026 Guidance 62,000 3,700 3,800 2,500 160.4 100 May 14, 2025 J-GAAP
YoY +2.5% -10.4% -13.7% -31.3% -32.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2024 16,775 2,017 2,056 1,861 119.4 12.0 May 14, 2024 J-GAAP
Apr - Jun, 2024 13,996 1,302 1,446 949 61.6 9.3 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 14,479 615 592 667 43.3 4.2 Nov 14, 2024 J-GAAP
Oct - Dec, 2024 14,333 571 656 447 29.0 4.0 Feb 14, 2025 J-GAAP
Jan - Mar, 2025 17,666 1,643 1,709 1,575 102.1 9.3 May 14, 2025 J-GAAP
YoY +5.3% -18.5% -16.9% -15.4% -14.5%

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