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TOKYOTOKEIBA, First Half Ordinary Profit Unexpectedly Revised Upward by 8%

Thu Jul 31, 2025 3:30 pm JST Earnings

9672 TOKYOTOKEIBA CO.,LTD. 【J-GAAP】

Earnings Report

TOKYOTOKEIBA CO.,LTD. <9672> [TSE Prime] announced its financial results after the market closed on July 31st (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending December 2025 (January to June) increased 8.2% from the same period last year, reaching 7.07 billion yen, resulting in an increase in profits compared to the previous forecast of an 11.3% decrease.

Progress toward the full-year plan of 14.1 billion yen was 50.1%, almost the same as the five-year average of 47.4%.

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 July to December period (second half) is expected to decrease 4.4% from the same period last year to 7.04 billion yen.

In the most recent three-month period, from April to June (2Q), the consolidated ordinary profit amounted to 3.81 billion yen, an increase of 2.3% compared to the same period last year. The operating profit margin rose from 37.6% in the same period last year to 37.9%.

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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
Jan - Jun, 2023 17,399 6,364 6,369 3,547 129.4 47.6 Jul 31, 2023 J-GAAP
Jan - Jun, 2024 18,662 6,532 6,542 4,487 164.8 47.0 Jul 31, 2024 J-GAAP
Jan - Jun, 2025 19,298 7,079 7,077 4,825 180.8 50.1 Jul 31, 2025 J-GAAP
YoY +3.4% +8.4% +8.2% +7.5% +9.7%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2025 Guidance 18,738 5,801 5,800 3,947 147.9 45 Feb 14, 2025 J-GAAP
Jan - Jun, 2025 Results 19,298 7,079 7,077 4,825 180.8 45 Jul 31, 2025 J-GAAP
Revision Rate +3.0% +22.0% +22.0% +22.2% +22.3%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 21,781 7,394 7,370 5,219 193.5 73 Feb 14, 2025 J-GAAP
Jul - Dec, 2025 Guidance 21,995 7,053 7,045 5,036 188.7 65 Jul 31, 2025 J-GAAP
YoY +1.0% -4.6% -4.4% -3.5% -2.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 37,544 13,362 13,383 8,452 308.4 90 Feb 14, 2024 J-GAAP
Dec, 2024 40,443 13,926 13,912 9,706 359.9 113 Feb 14, 2025 J-GAAP
Dec, 2025 Guidance 41,293 14,132 14,122 9,861 369.5 110 Feb 14, 2025 J-GAAP
YoY +2.1% +1.5% +1.5% +1.6% +2.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Apr - Jun, 2024 9,880 3,710 3,727 2,543 93.4 37.6 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 11,554 4,323 4,294 3,107 114.8 37.4 Oct 31, 2024 J-GAAP
Oct - Dec, 2024 10,227 3,071 3,076 2,112 78.3 30.0 Feb 14, 2025 J-GAAP
Jan - Mar, 2025 9,264 3,276 3,266 2,270 85.1 35.4 May 14, 2025 J-GAAP
Apr - Jun, 2025 10,034 3,803 3,811 2,555 95.7 37.9 Jul 31, 2025 J-GAAP
YoY +1.6% +2.5% +2.3% +0.5% +2.5%

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