TOYO TEC, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 15%, Oct-Dec Ordinary Profit Decreases by 7%

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Thu Jan 30, 2025 3:30 pm JST Earnings

9686 TOYO TEC CO.,LTD. 【J-GAAP】

Earnings Report

TOYO TEC CO.,LTD. <9686> [TSE Std] announced its financial results after the market closed on January 30th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 15.0% from the same period last year to 0.6 billion yen. The progress rate toward the full-year plan of 1.4 billion yen was 43.4%, also falling below the five-year average of 71.0%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to surge 2.3 times that of the same period last year, reaching 0.79 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 0.26 billion yen, a 6.9% decrease compared to the same period last year. The operating profit margin worsened from 3.4% in the same period last year to 2.9%.

Kabutan News

Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Dec, 2022	21,642	491	604	528	51.7	62.7	Jan 30, 2023	J-GAAP
Apr - Dec, 2023	23,165	659	715	377	36.8	67.3	Jan 29, 2024	J-GAAP
Apr - Dec, 2024	24,954	573	608	431	41.8	43.4	Jan 30, 2025	J-GAAP
YoY	+7.7%	-13.1%	-15.0%	+14.3%	+13.7%

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	15,937	573	636	408	39.7	18	May 9, 2024	J-GAAP
Oct - Mar, 2024 Guidance	18,232	1,033	1,060	757	73.2	20	Oct 31, 2024	J-GAAP
YoY	+14.4%	+80.3%	+66.7%	+85.5%	+84.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	30,139	844	964	741	72.6	33	May 9, 2023	J-GAAP
Mar, 2024	31,249	966	1,063	626	61.0	36	May 9, 2024	J-GAAP
Mar, 2025 Guidance	34,500	1,350	1,400	840	81.2	40	May 9, 2024	J-GAAP
YoY	+10.4%	+39.8%	+31.7%	+34.2%	+33.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	7,853	266	288	159	15.5	3.4	Jan 29, 2024	J-GAAP
Jan - Mar, 2024	8,084	307	348	249	24.3	3.8	May 9, 2024	J-GAAP
Apr - Jun, 2024	7,554	4	26	-71	-7.0	0.1	Jul 29, 2024	J-GAAP
Jul - Sep, 2024	8,714	313	314	154	15.0	3.6	Oct 31, 2024	J-GAAP
Oct - Dec, 2024	8,686	256	268	348	33.8	2.9	Jan 30, 2025	J-GAAP
YoY	+10.6%	-3.8%	-6.9%	+118.9%	+117.7%