TOPPAN Holdings Inc., The Current Fiscal Year Net Income Revised Upward by 26%

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Wed Nov 13, 2024 3:30 pm JST Earnings

7911 TOPPAN Holdings Inc. 【J-GAAP】

Earnings Report

TOPPAN Holdings Inc. <7911> [TSE-P] announced its financial results after the market closed on November 13th (15:30). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 32.3 billion yen, an increase of 79.1% compared to the same period last year.

In addition, the full-year consolidated net income has been revised upward by 26.1%, from the previous forecast of 55.5 billion yen to 70 billion yen (compared to 74.3 billion yen in the previous period), and the declining rate is expected to decrease from 25.4% to 5.9%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to drop by 33.2% from the same period last year to 37.6 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income surged to 2.7 times that of the same period last year, reaching 22.3 billion yen. The operating profit margin remained almost flat, changing from 3.7% in the same period last year to 3.9%.

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
Apr - Sep, 2022	802,257	28,627	37,611	53,230	160.8	46.3	Nov 9, 2022	J-GAAP
Apr - Sep, 2023	800,275	25,361	32,566	18,061	55.6	39.3	Nov 13, 2023	J-GAAP
Apr - Sep, 2024	826,141	27,720	31,879	32,354	104.6	36.0	Nov 13, 2024	J-GAAP
YoY	+3.2%	+9.3%	-2.1%	+79.1%	+88.1%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Guidance	ー	ー	ー	ー	－	24	May 13, 2024	J-GAAP
Apr - Sep, 2024 Results	826,141	27,720	31,879	32,354	104.6	24	Nov 13, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	1,720,000	88,000	88,500	55,500	190.1	48	May 13, 2024	J-GAAP
Mar, 2025 New	1,720,000	88,000	88,500	70,000	239.8	48	Nov 13, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	+26.1%	+26.1%

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	877,974	48,925	50,246	56,334	175.4	24	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	893,859	60,280	56,621	37,646	128.9	24	Nov 13, 2024	J-GAAP
YoY	+1.8%	+23.2%	+12.7%	-33.2%	-26.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	1,638,833	76,636	81,172	60,866	185.1	46	May 12, 2023	J-GAAP
Mar, 2024	1,678,249	74,286	82,812	74,395	231.6	48	May 13, 2024	J-GAAP
Mar, 2025 Guidance	1,720,000	88,000	88,500	70,000	239.8	48	Nov 13, 2024	J-GAAP
YoY	+2.5%	+18.5%	+6.9%	-5.9%	+3.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	412,541	15,380	16,438	8,410	25.9	3.7	Nov 13, 2023	J-GAAP
Oct - Dec, 2023	415,533	14,366	13,628	39,700	122.8	3.5	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	462,441	34,559	36,618	16,634	51.8	7.5	May 13, 2024	J-GAAP
Apr - Jun, 2024	404,271	11,406	16,794	9,984	31.9	2.8	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	421,870	16,314	15,085	22,370	72.3	3.9	Nov 13, 2024	J-GAAP
YoY	+2.3%	+6.1%	-8.2%	+166.0%	+179.2%