kabutan

TOPPAN Holdings, The Current Fiscal Year Net Income Revised Upward to an Unexpected 8% Increase

Thu Feb 13, 2025 3:30 pm JST Earnings

7911 TOPPAN Holdings Inc. 【J-GAAP】

Earnings Report

TOPPAN Holdings Inc. <7911> [TSE Prime] announced its financial results after the market closed on February 13th (15:30). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 26.0% from the same period last year, reaching 72.7 billion yen.

In addition, the full-year consolidated net income has been revised upward 14.3%, from the previous forecast of 70 billion yen to 80 billion yen (compared to 74.3 billion yen in the previous period), turning to a 7.5% increase in the consolidated net income outlook.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated net income for the October to March period (2H) has been revised upward 26.6%, from the previous forecast of 37.6 billion yen to 47.6 billion yen (compared to 56.3 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 33.2% to 15.4%.

In the most recent three-month period, from October to December (3Q), the consolidated net income amounted to 40.4 billion yen, an increase of 1.8% compared to the same period last year. The operating profit margin improved from 3.5% in the same period last year to 5.9%.

Kabutan News

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 1,213,628 49,792 58,065 65,127 197.5 71.5 Feb 8, 2023 J-GAAP
Apr - Dec, 2023 1,215,808 39,727 46,194 57,761 178.7 56.0 Feb 14, 2024 J-GAAP
Apr - Dec, 2024 1,258,659 53,367 59,613 72,771 238.2 67.4 Feb 13, 2025 J-GAAP
YoY +3.5% +34.3% +29.0% +26.0% +33.3%

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 891,974 59,571 55,974 37,096 128.3 24 Nov 13, 2024 J-GAAP
Oct - Mar, 2024 New 891,974 59,571 55,974 47,096 162.9 24 Feb 13, 2025 J-GAAP
Revision Rate 0.0% 0.0% 0.0% +27.0% +27.0%

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 70,000 242.0 48 Nov 13, 2024 J-GAAP
Mar, 2025 New 1,720,000 88,000 88,500 80,000 276.6 48 Feb 13, 2025 J-GAAP
Revision Rate 0.0% 0.0% 0.0% +14.3% +14.3%

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 48,988 49,934 56,137 174.7 24 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 891,974 59,571 55,974 47,096 162.9 24 Feb 13, 2025 J-GAAP
YoY +1.6% +21.6% +12.1% -16.1% -6.8%

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 74,349 82,500 74,198 231.0 48 May 13, 2024 J-GAAP
Mar, 2025 Guidance 1,720,000 88,000 88,500 80,000 276.6 48 Feb 13, 2025 J-GAAP
YoY +2.5% +18.4% +7.3% +7.8% +19.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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 34,622 36,306 16,437 51.2 7.5 May 13, 2024 J-GAAP
Apr - Jun, 2024 402,851 11,273 16,656 9,840 31.5 2.8 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 425,175 17,156 15,870 23,064 74.6 4.0 Nov 13, 2024 J-GAAP
Oct - Dec, 2024 430,633 24,938 27,087 39,867 130.5 5.8 Feb 13, 2025 J-GAAP
YoY +3.6% +73.6% +98.8% +0.4% +6.2%

Related Articles