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TOYO DENKI SEIZO, The Current Fiscal Year Ordinary Profit Revised Upward by 6%, Dividend Revised Upward by 4 yen

Fri Apr 11, 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 April 11th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending May 2025 (June 2024 to February 2025) surged 2.6 times that of the same period last year, reaching 1.69 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward 5.9%, from the previous forecast of 1.7 billion yen to 1.8 billion yen (compared to 1.48 billion yen in the previous period), increasing the growth rate from 14.3% to 21.0%.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the December to May period (2H) has been revised upward 14.0%, from the previous forecast of 0.71 billion yen to 0.81 billion yen (compared to 0.93 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 23.4% to 12.7%.

In light of the strong performance, the company has increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 40 yen to 44 yen (compared to 30 yen in the previous period).

In the most recent three-month period, from December to February (3Q), the consolidated ordinary profit surged 7.0 times that of the same period last year, reaching 0.71 billion yen. The operating profit/loss margin drastically improved from -0.4% in the same period last year to 5.2%.

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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
Jun - Feb, 2022 20,744 89 488 432 48.4 49.4 Apr 14, 2023 J-GAAP
Jun - Feb, 2023 22,231 159 658 446 47.4 44.3 Apr 11, 2024 J-GAAP
Jun - Feb, 2024 29,032 1,287 1,699 1,262 136.6 94.4 Apr 11, 2025 J-GAAP
YoY +30.6% +709.4% +158.2% +183.0% +188.1%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec - May, 2024 Prev 17,985 538 713 400 44.2 40 Jan 14, 2025 J-GAAP
Dec - May, 2024 New 18,985 738 813 500 55.2 44 Apr 11, 2025 J-GAAP
Revision Rate +5.6% +37.2% +14.0% +25.0% +25.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May, 2025 Prev 37,000 1,300 1,700 1,200 132.4 40 Jul 12, 2024 J-GAAP
May, 2025 New 38,000 1,500 1,800 1,300 143.5 44 Apr 11, 2025 J-GAAP
Revision Rate +2.7% +15.4% +5.9% +8.3% +8.3%

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 18,985 738 813 500 55.2 44 Apr 11, 2025 J-GAAP
YoY +9.6% -0.3% -12.7% -19.0% -16.0%

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 38,000 1,500 1,800 1,300 143.5 44 Apr 11, 2025 J-GAAP
YoY +18.2% +61.8% +21.0% +39.0% +44.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Dec - Feb, 2024 10,017 525 712 462 50.0 5.2 Apr 11, 2025 J-GAAP
YoY +35.1% － +598.0% +260.9% +267.5%

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