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TOKYO SANGYO CO.,LTD., First Half Ordinary Profit Turns to Profit, July-September Ordinary Profit Turns to Profit

Thu Nov 14, 2024 3:30 pm JST Earnings

8070 TOKYO SANGYO CO.,LTD. 【J-GAAP】

Earnings Report

TOKYO SANGYO CO.,LTD. <8070> [TSE-P] announced its financial results after the market closed on November 14th (15:30). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a profit of 1.08 billion yen (compared to a loss of 2.34 billion yen in the same period last year). The progress rate against the 2 billion yen full-year plan was 54.2%, almost the same as the five-year average of 53.6%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the October to March period (second half) is expected to turn into a profit of 916 million yen (compared to a loss of 1.74 billion yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a profit of profit of 432 million yen (compared to a loss of 3.24 billion yen in the same period last year). The operating profit/loss margin drastically improved from -18.5% in the same period last year to 3.8%.

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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 35,531 -626 -273 -320 -12.4 ー Nov 11, 2022 J-GAAP
Apr - Sep, 2023 31,377 -2,739 -2,348 -3,025 -116.6 ー Jan 15, 2024 J-GAAP
Apr - Sep, 2024 41,239 1,013 1,084 609 23.4 54.2 Nov 14, 2024 J-GAAP
YoY +31.4% － － － －

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 41,000 1,000 1,000 600 23.0 18 Nov 11, 2024 J-GAAP
Apr - Sep, 2024 Results 41,239 1,013 1,084 609 23.4 18 Nov 14, 2024 J-GAAP
Revision Rate +0.6% +1.3% +8.4% +1.5% +1.6%

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 33,652 -1,801 -1,740 1,441 55.5 18 Jun 18, 2024 J-GAAP
Oct - Mar, 2024 Guidance 31,761 587 916 2,491 95.6 18 Nov 14, 2024 J-GAAP
YoY -5.6% － － +72.9% +72.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 65,447 723 968 -4,960 -191.2 30 May 12, 2023 J-GAAP
Mar, 2024 65,029 -4,540 -4,088 -1,584 -61.0 36 Jun 18, 2024 J-GAAP
Mar, 2025 Guidance 73,000 1,600 2,000 3,100 119.0 36 Nov 11, 2024 J-GAAP
YoY +12.3% － － － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 17,514 -3,239 -3,247 -3,736 -144.0 -18.5 Jan 15, 2024 J-GAAP
Oct - Dec, 2023 16,826 -784 -833 -1,524 -58.7 -4.7 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 16,826 -1,017 -907 2,965 114.1 -6.0 Jun 18, 2024 J-GAAP
Apr - Jun, 2024 22,470 299 652 469 18.0 1.3 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 18,769 714 432 140 5.4 3.8 Nov 14, 2024 J-GAAP
YoY +7.2% － － － －

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