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TOKAI LEASE CO.,LTD., First Half Ordinary Profit Increases by 39%, July-September Ordinary Profit Increases by 38%

Wed Nov 13, 2024 3:30 pm JST Earnings

9761 TOKAI LEASE CO.,LTD. 【J-GAAP】

Earnings Report

TOKAI LEASE CO.,LTD. <9761> [TSE-S] announced its financial results after the market closed on November 13th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 463 million yen, an increase of 38.6% compared to the same period last year. The progress rate against the 630 million yen full-year plan was 73.5%, also surpassing the five-year average of 51.4%.

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 October to March period (second half) is expected to significant drop by 77.0% from the same period last year to 167 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 38.0% from the same period last year, reaching 374 million yen. The operating profit margin improved from 5.7% in the same period last year to 7.9%.

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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
Apr - Sep, 2022 7,723 -43 -32 -67 -19.5 ー Nov 11, 2022 J-GAAP
Apr - Sep, 2023 8,076 281 334 222 64.5 31.5 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 8,376 427 463 334 96.9 73.5 Nov 13, 2024 J-GAAP
YoY +3.7% +52.0% +38.6% +50.5% +50.3%

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 ー ー ー ー － 60 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 8,376 427 463 334 96.9 60 Nov 13, 2024 J-GAAP
Revision Rate － － － － －

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 9,099 717 726 453 131.3 40 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 8,934 193 167 86 24.9 40 Nov 13, 2024 J-GAAP
YoY -1.8% -73.1% -77.0% -81.0% -81.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 15,736 281 344 148 43.0 40 May 12, 2023 J-GAAP
Mar, 2024 17,175 998 1,060 675 195.6 60 May 14, 2024 J-GAAP
Mar, 2025 Guidance 17,310 620 630 420 121.5 100 May 14, 2024 J-GAAP
YoY +0.8% -37.9% -40.6% -37.8% -37.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 4,269 242 271 170 49.4 5.7 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 4,064 172 194 109 31.7 4.2 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 5,035 545 532 344 99.7 10.8 May 14, 2024 J-GAAP
Apr - Jun, 2024 3,773 64 89 97 28.3 1.7 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 4,603 363 374 237 68.7 7.9 Nov 13, 2024 J-GAAP
YoY +7.8% +50.0% +38.0% +39.4% +39.2%

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