TOKYO KOKI CO. LTD., First Half Ordinary Profit Turns to Loss, June-Augus Ordinary Profit Turns to Loss

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Tue Oct 15, 2024 3:00 pm JST Earnings

7719 TOKYO KOKI CO. LTD. 【J-GAAP】

Earnings Report

TOKYO KOKI CO. LTD. <7719> [TSE-S] announced its financial results after the market closed on October 15th (15:00). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending February 2025 (March to August) turned into a loss of 31 million yen (compared to a profit of 112 million yen in the same period last year).

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 September to February period (second half) is expected to surge by 3.9 times that of the same period last year, reaching 93 million yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit/loss turned to a loss of 49 million yen (compared to a profit of 73 million yen in the same period last year). The operating profit/loss margin drastically worsened from 7.3% in the same period last year to -7.7%.

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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
Mar - Aug, 2022	1,431	40	71	45	6.4	46.4	Oct 14, 2022	J-GAAP
Mar - Aug, 2023	1,716	105	112	59	8.6	82.4	Oct 13, 2023	J-GAAP
Mar - Aug, 2024	1,499	-40	-31	-41	-5.8	ー	Oct 15, 2024	J-GAAP
YoY	-12.6%	－	－	－	－

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar - Aug, 2024 Guidance	1,720	-39	-42	-63	-8.8	－	May 1, 2024	J-GAAP
Mar - Aug, 2024 Results	1,499	-40	-31	-41	-5.8	－	Oct 15, 2024	J-GAAP
Revision Rate	-12.8%	-2.6%	+26.2%	+34.9%	+34.4%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep - Feb, 2023	1,649	27	24	32	4.5	0	May 1, 2024	J-GAAP
Sep - Feb, 2024 Guidance	2,281	107	93	92	12.9	0	Oct 15, 2024	J-GAAP
YoY	+38.3%	+296.3%	+287.5%	+187.5%	+187.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	3,054	106	153	-702	-98.5	0	Apr 14, 2023	J-GAAP
Feb, 2024	3,365	132	136	91	12.8	0	May 1, 2024	J-GAAP
Feb, 2025 Guidance	3,780	67	62	51	7.2	0	May 1, 2024	J-GAAP
YoY	+12.3%	-49.2%	-54.4%	-44.0%	-44.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	874	64	73	82	11.9	7.3	Oct 13, 2023	J-GAAP
Sep - Nov, 2023	661	24	23	101	14.3	3.6	Jan 12, 2024	J-GAAP
Dec - Feb, 2023	988	3	1	-69	-9.7	0.3	May 1, 2024	J-GAAP
Mar - May, 2024	800	14	18	25	3.6	1.8	Jul 12, 2024	J-GAAP
Jun - Aug, 2024	699	-54	-49	-66	-9.3	-7.7	Oct 15, 2024	J-GAAP
YoY	-20.0%	－	－	－	－