kabutan

TOYO DENKI SEIZO, First Half Ordinary Profit Increases by 78%

Tue Jan 14, 2025 3:30 pm JST Earnings

6505 TOYO DENKI SEIZO K.K. 【J-GAAP】

Earnings Report

TOYO DENKI SEIZO K.K. <6505> [TSE Std] announced its financial results after the market closed on January 14th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending May 2025 (June to November) expanded 0.98 billion yen, an increase 77.5% compared to the same period last year, exceeded the previous forecast of 0.57 billion yen.

The progress rate toward the full-year plan of 1.7 billion yen was 58.1%, also surpassing the five-year average of 33.9%.

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 December to May period (2H) is expected to decrease 23.4% from the same period last year to 0.71 billion yen.

In the most recent three-month period, from September to November (2Q), the consolidated ordinary profit surged 2.2 times that of the same period last year, reaching 0.84 billion yen. The operating profit margin significantly improved from 3.1% in the same period last year to 6.8%.

Kabutan News

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
Jun - Nov, 2022 13,821 -80 197 26 3.0 20.0 Jan 12, 2023 J-GAAP
Jun - Nov, 2023 14,817 187 556 318 33.8 37.4 Jan 11, 2024 J-GAAP
Jun - Nov, 2024 19,015 762 987 800 86.2 58.1 Jan 14, 2025 J-GAAP
YoY +28.3% +307.5% +77.5% +151.6% +155.1%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun - Nov, 2024 Guidance 17,000 320 570 370 40.3 0 Jul 12, 2024 J-GAAP
Jun - Nov, 2024 Results 19,015 762 987 800 86.2 0 Jan 14, 2025 J-GAAP
Revision Rate +11.9% +138.1% +73.2% +116.2% +114.2%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec - May, 2023 17,323 740 931 617 65.7 30 Jul 12, 2024 J-GAAP
Dec - May, 2024 Guidance 17,985 538 713 400 44.2 40 Jan 14, 2025 J-GAAP
YoY +3.8% -27.3% -23.4% -35.2% -32.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May, 2023 31,025 517 987 824 91.9 30 Jul 13, 2023 J-GAAP
May, 2024 32,140 927 1,487 935 99.5 30 Jul 12, 2024 J-GAAP
May, 2025 Guidance 37,000 1,300 1,700 1,200 132.4 40 Jul 12, 2024 J-GAAP
YoY +15.1% +40.2% +14.3% +28.3% +33.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Sep - Nov, 2023 8,159 249 380 170 18.1 3.1 Jan 11, 2024 J-GAAP
Dec - Feb, 2023 7,414 -28 102 128 13.6 -0.4 Apr 11, 2024 J-GAAP
Mar - May, 2024 9,909 768 829 489 52.1 7.8 Jul 12, 2024 J-GAAP
Jun - Aug, 2024 8,166 27 140 97 10.4 0.3 Oct 15, 2024 J-GAAP
Sep - Nov, 2024 10,849 735 847 703 75.8 6.8 Jan 14, 2025 J-GAAP
YoY +33.0% +195.2% +122.9% +313.5% +319.4%

Related Articles