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TOHTO SUISAN CO.,LTD., First Half Ordinary Profit Increases by 4%

Tue Nov 12, 2024 1:00 pm JST Earnings

8038 TOHTO SUISAN CO.,LTD. 【J-GAAP】

Earnings Report

TOHTO SUISAN CO.,LTD. <8038> [TSE-S] announced its financial results in the afternoon session on November 12th (13:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 3.9% from the same period last year, reaching 1.45 billion yen. The progress rate against the 3 billion yen full-year plan was 48.6%, exceeding the five-year average of 33.4%.

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 October to March period (second half) is expected to decrease by 28.9% from the same period last year to 1.54 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 853 million yen, a 16.2% decrease compared to the same period last year. The operating profit margin worsened from 3.8% in the same period last year to 3.0%.

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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
Apr - Sep, 2022 44,252 955 1,119 895 228.4 35.6 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 49,574 1,184 1,402 965 246.1 39.2 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 49,590 1,203 1,457 1,019 259.8 48.6 Nov 12, 2024 J-GAAP
YoY +0.0% +1.6% +3.9% +5.6% +5.6%

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 － － May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 49,590 1,203 1,457 1,019 259.8 － Nov 12, 2024 J-GAAP
Revision Rate － － － － －

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 55,228 1,739 2,171 1,523 388.2 150 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 55,410 1,497 1,543 1,081 275.4 150 Nov 12, 2024 J-GAAP
YoY +0.3% -13.9% -28.9% -29.0% -29.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 96,361 2,872 3,141 2,698 687.7 135 May 15, 2023 J-GAAP
Mar, 2024 104,802 2,923 3,573 2,488 634.1 150 May 13, 2024 J-GAAP
Mar, 2025 Guidance 105,000 2,700 3,000 2,100 535.0 150 May 13, 2024 J-GAAP
YoY +0.2% -7.6% -16.0% -15.6% -15.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 25,420 968 1,018 688 175.5 3.8 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 31,536 1,241 1,348 909 231.8 3.9 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 23,692 498 823 614 156.5 2.1 May 13, 2024 J-GAAP
Apr - Jun, 2024 24,221 444 604 428 109.3 1.8 Aug 13, 2024 J-GAAP
Jul - Sep, 2024 25,369 759 853 591 150.7 3.0 Nov 12, 2024 J-GAAP
YoY -0.2% -21.6% -16.2% -14.1% -14.1%

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