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TOMITA CO.LTD., First Half Ordinary Profit Decreases by 23%, July-September Ordinary Profit Decreases by 50%

Thu Nov 14, 2024 1:00 pm JST Earnings

8147 TOMITA CO.LTD. 【J-GAAP】

Earnings Report

TOMITA CO.LTD. <8147> [TSE-S] announced its financial results in the afternoon session on November 14th (13:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 23.2% from the same period last year to 374 million yen. The progress rate against the 900 million yen full-year plan was 41.6%, also falling below the five-year average of 50.6%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to expand by 31.8% from the same period last year, reaching 526 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 121 million yen, a 49.8% decrease compared to the same period last year. However, the operating profit margin improved from 3.8% in the same period last year to 4.4%.

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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 8,837 178 302 221 42.7 44.5 Nov 14, 2022 J-GAAP
Apr - Sep, 2023 10,321 303 487 296 57.2 55.0 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 9,649 345 374 257 49.7 41.6 Nov 14, 2024 J-GAAP
YoY -6.5% +13.9% -23.2% -13.2% -13.1%

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 10,500 330 380 250 48.2 0 May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 9,649 345 374 257 49.7 0 Nov 14, 2024 J-GAAP
Revision Rate -8.1% +4.5% -1.6% +2.8% +3.1%

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 10,992 304 399 265 51.1 20 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 12,951 455 526 313 60.4 20 Nov 14, 2024 J-GAAP
YoY +17.8% +49.7% +31.8% +18.1% +18.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 20,195 556 679 462 89.3 18 May 15, 2023 J-GAAP
Mar, 2024 21,313 607 886 561 108.2 20 May 13, 2024 J-GAAP
Mar, 2025 Guidance 22,600 800 900 570 109.9 20 May 13, 2024 J-GAAP
YoY +6.0% +31.8% +1.6% +1.6% +1.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 5,487 211 241 143 27.6 3.8 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 4,873 195 193 125 24.1 4.0 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 6,119 109 206 140 27.0 1.8 May 13, 2024 J-GAAP
Apr - Jun, 2024 4,522 119 253 185 35.7 2.6 Aug 13, 2024 J-GAAP
Jul - Sep, 2024 5,127 226 121 72 13.9 4.4 Nov 14, 2024 J-GAAP
YoY -6.6% +7.1% -49.8% -49.7% -49.6%

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