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TORICO, The Current Fiscal Year Net Income Loss Widened in Downward Revision

Thu Feb 13, 2025 3:30 pm JST Earnings

7138 TORICO Co., Ltd. 【J-GAAP】

Earnings Report

TORICO Co., Ltd. <7138> [TSE Growth] announced its financial results after the market closed on February 13th (15:30). The consolidated net loss for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded to a loss of 222 million yen (compared to a loss of 207 million yen in the same period last year).

In addition, the full-year consolidated net income/loss has been revised downward from an expected loss of 85 million yen to a loss of 289 million yen (compared to a loss of 272 million yen in the previous period), indicating an expansion in the loss margin.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated net income/loss for the October to March period (2H) has been revised downward from an expected profit of 54 million yen to a loss of 150 million yen (compared to a loss of 127 million yen in the same period of the previous year), turning to a loss outlook.

In the most recent three-month period, from October to December (3Q), the consolidated net loss expanded to a loss of 83 million yen (compared to a loss of 62 million yen in the same period last year). However, the operating profit/loss margin remained almost flat, changing from -5.7% in the same period last year to -5.4%.

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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 3,713 92 90 63 10.2 70.3 Feb 13, 2023 J-GAAP
Apr - Dec, 2023 2,901 -154 -158 -207 -34.1 ー Feb 13, 2024 J-GAAP
Apr - Dec, 2024 2,879 -182 -187 -222 -29.6 ー Feb 13, 2025 J-GAAP
YoY -0.8% -18.2% -18.4% -7.2% +13.2%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Prev 2,660 62 52 54 6.9 0 Nov 14, 2024 J-GAAP
Oct - Mar, 2024 New 1,814 -115 -117 -150 -19.0 0 Feb 13, 2025 J-GAAP
Revision Rate -31.8% － － － －

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 4,559 -67 -83 -85 -10.8 0 May 13, 2024 J-GAAP
Mar, 2025 New 3,713 -244 -252 -289 -36.7 0 Feb 13, 2025 J-GAAP
Revision Rate -18.6% -264.2% -203.6% -240.0% -240.0%

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 2,014 -126 -126 -127 -20.9 0 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 1,814 -115 -117 -150 -19.0 0 Feb 13, 2025 J-GAAP
YoY -9.9% +8.7% +7.1% -18.1% +8.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 5,004 130 128 74 12.1 0 May 12, 2023 J-GAAP
Mar, 2024 3,897 -222 -224 -272 -44.7 0 May 13, 2024 J-GAAP
Mar, 2025 Guidance 3,713 -244 -252 -289 -36.7 0 Feb 13, 2025 J-GAAP
YoY -4.7% -9.9% -12.5% -6.3% +18.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 1,018 -58 -60 -62 -10.2 -5.7 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 996 -68 -66 -65 -10.7 -6.8 May 13, 2024 J-GAAP
Apr - Jun, 2024 936 -81 -86 -88 -12.0 -8.7 Aug 13, 2024 J-GAAP
Jul - Sep, 2024 963 -48 -49 -51 -6.8 -5.0 Nov 14, 2024 J-GAAP
Oct - Dec, 2024 980 -53 -52 -83 -11.1 -5.4 Feb 13, 2025 J-GAAP
YoY -3.7% +8.6% +13.3% -33.9% -8.3%

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