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TOHO, Ordinary Profit Forecast for the Fiscal Year Revised Downward by 4%
8142 TOHO Co.,Ltd. 【J-GAAP】
Earnings ReportTOHO Co.,Ltd. <8142> [TSE Prime] announced its financial results after the market closed on September 11th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending January 2026 (February to July) decreased 4.0% from the same period last year to 3.48 billion yen, resulting in a decrease in profits compared to the previous forecast of a 10.2% increase.
In addition, the full-year forecast for consolidated ordinary profit has decreased 3.6%, from the previous forecast of 8.30 billion yen to 8.00 billion yen (compared to 7.69 billion yen in the previous period), leading to a reduction in the profit growth rate from 7.9% to 4.0%.
Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the August to January period (second half) is expected to grow 11.1% from the same period last year, reaching 4.51 billion yen.
In the most recent three-month period, from May to July (2Q), the consolidated ordinary profit grew 6.3% from the same period last year, reaching 1.68 billion yen. The operating profit margin remained almost flat, changing from 2.5% in the same period last year to 2.7%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Feb - Jul, 2023 | 119,028 | 3,682 | 3,777 | 1,776 | 165.1 | 47.4 | Sep 11, 2023 | J-GAAP |
| Feb - Jul, 2024 | 121,196 | 3,471 | 3,631 | 2,281 | 212.1 | 47.2 | Sep 10, 2024 | J-GAAP |
| Feb - Jul, 2025 | 123,092 | 3,454 | 3,487 | 1,793 | 167.3 | 43.6 | Sep 11, 2025 | J-GAAP |
| YoY | +1.6% | -0.5% | -4.0% | -21.4% | -21.1% |
First Half Results vs. Previous Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Feb - Jul, 2025 Guidance | 123,000 | 3,900 | 4,000 | 2,300 | 216.4 | 75 | Mar 13, 2025 | J-GAAP |
| Feb - Jul, 2025 Results | 123,092 | 3,454 | 3,487 | 1,793 | 167.3 | 75 | Sep 11, 2025 | J-GAAP |
| Revision Rate | +0.1% | -11.4% | -12.8% | -22.0% | -22.7% |
Guidance Update
Full Year Update
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jan, 2026 Prev | 253,000 | 8,200 | 8,300 | 4,700 | 442.2 | 150 | Mar 13, 2025 | J-GAAP |
| Jan, 2026 New | 260,000 | 7,900 | 8,000 | 4,700 | 442.2 | 150 | Sep 11, 2025 | J-GAAP |
| Revision Rate | +2.8% | -3.7% | -3.6% | 0.0% | 0.0% |
Current Period Guidance
Second Half Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Aug - Jan, 2024 | 125,269 | 4,025 | 4,062 | 2,204 | 204.9 | 70 | Mar 13, 2025 | J-GAAP |
| Aug - Jan, 2025 Guidance | 136,908 | 4,446 | 4,513 | 2,907 | 273.5 | 75 | Sep 11, 2025 | J-GAAP |
| YoY | +9.3% | +10.5% | +11.1% | +31.9% | +33.5% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jan, 2024 | 244,930 | 7,819 | 7,971 | 3,605 | 335.2 | 90 | Mar 11, 2024 | J-GAAP |
| Jan, 2025 | 246,465 | 7,496 | 7,693 | 4,485 | 416.9 | 125 | Mar 13, 2025 | J-GAAP |
| Jan, 2026 Guidance | 260,000 | 7,900 | 8,000 | 4,700 | 442.2 | 150 | Sep 11, 2025 | J-GAAP |
| YoY | +5.5% | +5.4% | +4.0% | +4.8% | +6.1% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| May - Jul, 2024 | 59,655 | 1,466 | 1,588 | 1,209 | 112.4 | 2.5 | Sep 10, 2024 | J-GAAP |
| Aug - Oct, 2024 | 60,679 | 1,827 | 1,857 | 1,027 | 95.5 | 3.0 | Dec 12, 2024 | J-GAAP |
| Nov - Jan, 2024 | 64,590 | 2,198 | 2,205 | 1,177 | 109.4 | 3.4 | Mar 13, 2025 | J-GAAP |
| Feb - Apr, 2025 | 61,275 | 1,804 | 1,799 | 1,094 | 101.7 | 2.9 | Jun 12, 2025 | J-GAAP |
| May - Jul, 2025 | 61,817 | 1,650 | 1,688 | 699 | 65.2 | 2.7 | Sep 11, 2025 | J-GAAP |
| YoY | +3.6% | +12.6% | +6.3% | -42.2% | -42.0% |
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