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Tokyo Kaikan Co.,Ltd., The Current Fiscal Year Ordinary Profit Revised Upward by 9%

Mon Oct 28, 2024 2:00 pm JST Earnings

9701 Tokyo Kaikan Co.,Ltd. 【J-GAAP】

Earnings Report

Tokyo Kaikan Co.,Ltd. <9701> [TSE-S] announced its financial results in the afternoon session on October 28th (14:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 336 million yen, an increase of 41.2% compared to the same period last year, exceeded the previous forecast of 250 million yen.

In addition, the full-year ordinary profit has been revised upward by 9.3%, from the previous forecast of 1.08 billion yen to 1.18 billion yen (compared to 986 million yen in the previous period), increasing the growth rate from 9.5% to 19.7%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to grow by 12.8% from the same period last year, reaching 844 million yen.

In the most recent three-month period, from July to September (2Q), the ordinary loss improved to a deficit of loss of 78 million yen (compared to a loss of 85 million yen in the same period last year). The operating profit/loss margin improved from -1.9% in the same period last year to -1.4%.

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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 5,851 -226 -177 -157 -47.1 ー Oct 28, 2022 J-GAAP
Apr - Sep, 2023 6,904 272 238 210 63.2 24.1 Oct 27, 2023 J-GAAP
Apr - Sep, 2024 7,097 360 336 233 70.1 28.5 Oct 28, 2024 J-GAAP
YoY +2.8% +32.4% +41.2% +11.0% +11.0%

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 6,990 290 250 160 47.9 － May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 7,097 360 336 233 70.1 － Oct 28, 2024 J-GAAP
Revision Rate +1.5% +24.1% +34.4% +45.6% +46.3%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 14,920 1,160 1,080 810 245.5 30 May 10, 2024 J-GAAP
Mar, 2025 New 15,080 1,240 1,180 860 260.6 30 Oct 28, 2024 J-GAAP
Revision Rate +1.1% +6.9% +9.3% +6.2% +6.2%

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 7,979 775 748 1,325 396.8 30 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 7,983 880 844 627 190.0 30 Oct 28, 2024 J-GAAP
YoY +0.1% +13.5% +12.8% -52.7% -52.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 12,885 228 276 249 74.7 20 May 12, 2023 J-GAAP
Mar, 2024 14,883 1,047 986 1,535 459.7 30 May 10, 2024 J-GAAP
Mar, 2025 Guidance 15,080 1,240 1,180 860 260.6 30 Oct 28, 2024 J-GAAP
YoY +1.3% +18.4% +19.7% -44.0% -43.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 3,182 -59 -85 -107 -32.2 -1.9 Oct 27, 2023 J-GAAP
Oct - Dec, 2023 4,145 554 543 470 140.7 13.4 Jan 26, 2024 J-GAAP
Jan - Mar, 2024 3,834 221 205 855 256.0 5.8 May 10, 2024 J-GAAP
Apr - Jun, 2024 3,860 405 414 309 92.8 10.5 Aug 6, 2024 J-GAAP
Jul - Sep, 2024 3,237 -45 -78 -76 -22.9 -1.4 Oct 28, 2024 J-GAAP
YoY +1.7% +23.7% +8.2% +29.0% +28.9%

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